Brazil real estate boom: 9.1m middle class families plan to buy in next 12 months

Thursday, March 17th 2011 - 17:41 UTC

Full article 5 comments

A total of 9.1 million families plan to buy real estate in Brazil over the next 12 months which is a huge increase since the Minha Casa Minha Vida (My House, My Life) program was introduced in 2009 Read full article

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yul
keep on Brasil....

will be needed ultimate -city plannings & applications-- !
Mar 17th, 2011 - 08:15 pm - Link - Report abuse 0
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Jefferson Michaelis
There is no doutbt that “Minha casa minha vida” is helping thousands of families, however the same project that was created to help poor families, is also creating a (huge) buble effect in the local real estate market. Read more here: http://www.brazilmax.com/columnist.cfm/idcolumn/126
Mar 18th, 2011 - 12:15 pm - Link - Report abuse 0
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Fido Dido
Jefferson,
Brazil is still in the early stage for a bubble. What kind of bubble? There is no subprime bubble in Brazil, because you cannot buy a house or you do not qualify for the minha casa minha vida program if you don't have a job. Now, back to the bubble story, there will be in long term (Brazil has a long way to go) a price bubble that must burst and what is good.
So long you do not copy the US or the EU by propping up falling home prices and bailing out the banks. (the subprime crisis played a small role in the crisis, and there are many more factors that created this credit crisis,you have to go way back when the Federal Reserve was created and when Nixon unplugged the dollor from the gold standard).
Mar 18th, 2011 - 04:28 pm - Link - Report abuse 0
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ed
#3

hhmmmm .....iron (stringent) Fido Dido !
Mar 18th, 2011 - 07:33 pm - Link - Report abuse 0
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Forgetit87
One can speak of a bubble when debt consumes an increasingly larger portion of a people's income, so much so that to pay off the debt becomes impossible. Debt as a percentage of household income in Brazil has been stable the last few years. So the most likely is that there's no bubble in here. That housing prices have become more expensive might be due to the fact that more people now can afford a home, and the more people there are in any kind of market, the more expensive it will be.
Mar 18th, 2011 - 07:59 pm - Link - Report abuse 0
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