MercoPress. South Atlantic News Agency
Real estate prices’ increase in Rio and Sao Paulo among the highest in the world
The latest Knight Frank’s Global Real Estate Index released this month has Brazil ranking No. 3 in the world and No. 1 in the Americas for rising home prices. Only ridiculously expensive Hong Kong and Dubai, which are not countries, have seen prices rise more. So in fact, no single country has seen its housing prices increase as much as Brazil. Read full article
Comments
Disclaimer & comment rulesThis will not end well for Brazil.
Apr 03rd, 2013 - 11:59 am - Link - Report abuse 0http://en.mercopress.com/2013/04/02/real-estate-prices-increase-in-rio-and-sao-paulo-among-the-highest-in-the-world#comment234722: Why do you say that. Is it because you think the Dilma administration is capable of the same sort of bumbling that characterized the Bush II administration?
Apr 03rd, 2013 - 12:06 pm - Link - Report abuse 0@2
Apr 03rd, 2013 - 01:28 pm - Link - Report abuse 0Has nothing to do with that. That kiddo, a mexican (#1) fluoride/apsertame kool-aid drinker cannot read and does not understand how mortgages work in Brazil and makes clear he does not understand what is one of the reasons the US in trouble (the MBS that are the black holes).
This is a copy past article from Forbes that is obssessed with Sao Paulo and Rio de Janeiro (that is their view), without making clear that they DO NOT represent whole Brazil, not even their own states that have the same names.
Bubbles are suppose to burst, so long you don't propped them up, what is happening in Europe and in the US. We all know how that is going to end.
Hmm anyone with 1/ a brain cell knows when an economy is grinding to a halt and real estate properties are quickly rising there is going to be a problem in the very near future.
Apr 03rd, 2013 - 07:38 pm - Link - Report abuse 0http://en.mercopress.com/2013/04/02/real-estate-prices-increase-in-rio-and-sao-paulo-among-the-highest-in-the-world#comment234947: Do you mean grinding to a halt as the US economy did in 2003 - 2004?
Apr 04th, 2013 - 02:13 am - Link - Report abuse 0There is plenty of history to say it is a problem, you could pick the USA yeah that is one, Argentina in the 90s is another, even without the availability of mortgages property value dropped 2/3 in BA during the 2001 crash.
Apr 04th, 2013 - 11:06 am - Link - Report abuse 0This will end in disaster Brazil has a RECENT history of economic problems there is nothing to say they have made it out of that trap.
I think all the BRICs are on a downward spiral, except maybe Russia but that's a dictatorship so who knows what is really going on there. Plus they never should have been put in “up and coming” list in the first place. Ou can't grow an economy with a 1.2MM year decreasing population now can you?
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