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Argentinian prices are taking a serious beating due to the crisis. I'm myself looking to get an apartment there (but the prices of apartments haven't tanked eno
by H8crilA 7y ago
Argentinian prices are taking a serious beating due to the crisis. I'm myself looking to get an apartment there (but the prices of apartments haven't tanked enough yet, in my opinion) or at least some more of Argentinian REITs ($IRS, $IRCP). Smart move by Amazon to buy things cheap and keep it potentially for decades.
- foxhound6 7y agoReal estate prices are unlikely to drop too much since they're one of the few ways locals can maintain a store of value (if a relatively non-liquid one).
- H8crilA 7y agoLiquidity is absolutely terrible at the moment and all real estate deals are priced in US dollars (and have been for some time). I'm speculating on that the low liquidity will eventually push the real estate asks down, I mean after all what good is your asking price if no one will ever match it. If not - there will be other buying opportunities. Sometimes you have to be very patient. The US real estate bubble took ~5 years to fully bottom out, although already in 2009 the prices were very good: https://fred.stlouisfed.org/series/CSUSHPINSA https://fred.stlouisfed.org/series/CSUSHPINSA Liquid assets already took a serious beating (see the REITs that I pointed out).
- conanbatt 7y agoYou haven't seen anything yet. Argentina will have another hyperinflation in the next 12 months.