Topic: So... is there any country left without a real estate bubble? (Read 4644 times)
santa cruz bolivia. goodluck dealing with the communist populist government though.
Prices have been on the rise for a while after something of a crash around here. I wonder how current prices compare to the peak.
I am moving soon to here to, love the Caribbean flair. 
Prices have been on the rise for a while after something of a crash around here. I wonder how current prices compare to the peak.
I think Albania has a lot of potential. I do not know property prices there, but it is a low-cost country. If the politics/economy gets on track, it may become a mayor tourist destination, as it's nicely situated by the Mediterranean.
Most of Eastern Europe country are low cost but the corruption is insane :
Less than 300€ average salary, huge Hummer/Mercedes everywhere, spot the problem...
I think Albania has a lot of potential. I do not know property prices there, but it is a low-cost country. If the politics/economy gets on track, it may become a mayor tourist destination, as it's nicely situated by the Mediterranean.
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So... is there any country left without a real estate bubble?
No, even in Myanmar (Burma) the house prices are out of control.Now what you think is the most expensive capital in the world London, Moscow, no far of its Luanda.
Yes thats right the capital of Angola. A one-bedroom apartment in the city centre costs £7,500 ($ 12000) a month to rent.
http://www.dailymail.co.uk/news/article-2183616/Luanda-The-capital-Angola-expensive-city-world.html
Wow... Luanda is crazy but the country has a huge growing economy.
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So... is there any country left without a real estate bubble?
No, even in Myanmar (Burma) the house prices are out of control.Now what you think is the most expensive capital in the world London, Moscow, no far of its Luanda.
Yes thats right the capital of Angola. A one-bedroom apartment in the city centre costs £7,500 ($ 12000) a month to rent.
http://www.dailymail.co.uk/news/article-2183616/Luanda-The-capital-Angola-expensive-city-world.html
Canada actually managed their banking system well enough that they dodged the whole real estate bubble thing that we had here in the states.
I don't understand.
The OP is looking for a country with a real estate bubble or not?
And if he wants a house to live in (not to invest in real estate) why the bubble matters?
The OP is looking for a country with a real estate bubble or not?
And if he wants a house to live in (not to invest in real estate) why the bubble matters?
The bubble matter because you want to buy after it exploded.
You don't need to own the house/flat you live in, you can rent (to someone) some houses/flats that you previously bought after a bubble exploded and use this income to rent and live anywhere you want.
OP says he wants to buy a property to live on...
This page shows the number of subpages, not the number of deaths.
Better check this out: "World earthquake map captures every rumble since 1898"
And this: "61 years of Tornado tracks"
Better check this out: "World earthquake map captures every rumble since 1898"
And this: "61 years of Tornado tracks"
Amazing...
I'd take the risk of earthquake over Fukushima any day.
Besides, Chile is no more risky on the earthquake measure than our friends daily face in Alaska, California, and other areas. Think of the great San Francisco earthquake, for example. Chile woulda looked like a mighty good place to be on that day!
Besides, Chile is no more risky on the earthquake measure than our friends daily face in Alaska, California, and other areas. Think of the great San Francisco earthquake, for example. Chile woulda looked like a mighty good place to be on that day!
Wikipedia > Earthquakes by country > Count the deaths > Come back and say it again
http://en.wikipedia.org/wiki/Category:Earthquakes_by_country
What does this page suppose to mean ?
Just a measure to compare the number of deaths in the Us vs Chile
This page shows the number of subpages, not the number of deaths.
Better check this out: "World earthquake map captures every rumble since 1898"
And this: "61 years of Tornado tracks"
I'd take the risk of earthquake over Fukushima any day.
Besides, Chile is no more risky on the earthquake measure than our friends daily face in Alaska, California, and other areas. Think of the great San Francisco earthquake, for example. Chile woulda looked like a mighty good place to be on that day!
Wikipedia > Earthquakes by country > Count the deaths > Come back and say it againBesides, Chile is no more risky on the earthquake measure than our friends daily face in Alaska, California, and other areas. Think of the great San Francisco earthquake, for example. Chile woulda looked like a mighty good place to be on that day!
What does this page suppose to mean ?
It's not a significant measure, to compare you must include the ratio of inhabitant per km² and the fact that a earthquake can happen almost anywhere in the world despite the datas. Moreover, when an earthquake happen in an area we don't expect it, it is way more deadly because human are not prepared.
Anyway that's not the subject.
I'd take the risk of earthquake over Fukushima any day.
Besides, Chile is no more risky on the earthquake measure than our friends daily face in Alaska, California, and other areas. Think of the great San Francisco earthquake, for example. Chile woulda looked like a mighty good place to be on that day!
Besides, Chile is no more risky on the earthquake measure than our friends daily face in Alaska, California, and other areas. Think of the great San Francisco earthquake, for example. Chile woulda looked like a mighty good place to be on that day!
Wikipedia > Earthquakes by country > Count the deaths > Come back and say it again
http://en.wikipedia.org/wiki/Category:Earthquakes_by_country
What does this page suppose to mean ?
Just a measure to compare the number of deaths in the Us vs Chile
I'd take the risk of earthquake over Fukushima any day.
Besides, Chile is no more risky on the earthquake measure than our friends daily face in Alaska, California, and other areas. Think of the great San Francisco earthquake, for example. Chile woulda looked like a mighty good place to be on that day!
Besides, Chile is no more risky on the earthquake measure than our friends daily face in Alaska, California, and other areas. Think of the great San Francisco earthquake, for example. Chile woulda looked like a mighty good place to be on that day!
Wikipedia > Earthquakes by country > Count the deaths > Come back and say it again
http://en.wikipedia.org/wiki/Category:Earthquakes_by_country
What does this page suppose to mean ?
It doesn't change the fact that you can live in an area after an earthquake but not after a nuclear disaster.
I'd take the risk of earthquake over Fukushima any day.
Besides, Chile is no more risky on the earthquake measure than our friends daily face in Alaska, California, and other areas. Think of the great San Francisco earthquake, for example. Chile woulda looked like a mighty good place to be on that day!
Besides, Chile is no more risky on the earthquake measure than our friends daily face in Alaska, California, and other areas. Think of the great San Francisco earthquake, for example. Chile woulda looked like a mighty good place to be on that day!
Wikipedia > Earthquakes by country > Count the deaths > Come back and say it again
I'd take the risk of earthquake over Fukushima any day.
Besides, Chile is no more risky on the earthquake measure than our friends daily face in Alaska, California, and other areas. Think of the great San Francisco earthquake, for example. Chile woulda looked like a mighty good place to be on that day!
Besides, Chile is no more risky on the earthquake measure than our friends daily face in Alaska, California, and other areas. Think of the great San Francisco earthquake, for example. Chile woulda looked like a mighty good place to be on that day!
I've heard good things about Chile - plus the southern hemisphere is less exposed to radiation from nuclear power plants (think of the US west coast and Japan) and potential nuclear war and all that good stuff.
and all that "good" stuff Chile is away from includes earthquakes?
I've heard good things about Chile - plus the southern hemisphere is less exposed to radiation from nuclear power plants (think of the US west coast and Japan) and potential nuclear war and all that good stuff.
I don't understand.
The OP is looking for a country with a real estate bubble or not?
And if he wants a house to live in (not to invest in real estate) why the bubble matters?
The OP is looking for a country with a real estate bubble or not?
And if he wants a house to live in (not to invest in real estate) why the bubble matters?
The bubble matter because you want to buy after it exploded.
You don't need to own the house/flat you live in, you can rent (to someone) some houses/flats that you previously bought after a bubble exploded and use this income to rent and live anywhere you want. This allow you to live in a place with a big bubble estate without getting fucked when it burst.
I don't understand.
The OP is looking for a country with a real estate bubble or not?
And if he wants a house to live in (not to invest in real estate) why the bubble matters?
The OP is looking for a country with a real estate bubble or not?
And if he wants a house to live in (not to invest in real estate) why the bubble matters?
Spain. It has had its price crash. Buy foreclosed real estate directly from the banks. They will accept offers below the asking price.
Spain also has the advantage that there are parts with a pleasant climate, coastal views and great beaches.
I would watch out for future taxes though. Spain recently required its tax cattle to declare all their assets (property, stocks, etc). For now there is no extra tax levied on those assets, but why do you think they are collecting the data now?
The question is not if Spain breaks up, but when. Catalonia is the first region, others will follow, which means real estate prices have potential to really fall. Spain also has the advantage that there are parts with a pleasant climate, coastal views and great beaches.
I would watch out for future taxes though. Spain recently required its tax cattle to declare all their assets (property, stocks, etc). For now there is no extra tax levied on those assets, but why do you think they are collecting the data now?
Depending what you want to buy, but Ukraine would have to be considered. China just bought 5% of total Ukrainian land, its about the size of Massachusetts.
http://www.channel4.com/news/china-ukraine-farmland-food-security-investment-overseas
http://www.channel4.com/news/china-ukraine-farmland-food-security-investment-overseas
If there is anything we should have learned by now is that government action cannot ultimately prevent market corrections.
Depending on how you think about it, they almost can. To prevent a downward correction, they can just print loads more money boosting their fiat-denominated value to where it was pre-correction. To prevent an upward correction, they can just raise property tax. That's why ultimately, fiat money have no value.
Exactly. The way the government can prevent a correction is by effectively taking money from those that participate in the correction. If the natural correction would be downward, the government inflates money, devaluing the money of whoever would sell. If the natural correction would be upward, the government taxes the land, devaluing the investment of whoever would buy. So much for free market.
It is for this reason that I believe that naturally a value added tax would actually be one of the more fair forms of taxation, depending on the way it is implemented. Most other forms of taxation serve to force the public into a situation that isn't a natural market condition. VAT, or at least, the concept behind it, is somewhat neutral in that respect.
If there is anything we should have learned by now is that government action cannot ultimately prevent market corrections.
Depending on how you think about it, they almost can. To prevent a downward correction, they can just print loads more money boosting their fiat-denominated value to where it was pre-correction. To prevent an upward correction, they can just raise property tax. That's why ultimately, fiat money have no value.
If there is anything we should have learned by now is that government action cannot ultimately prevent market corrections.
Depending on how you think about it, they almost can. To prevent a downward correction, they can just print loads more money boosting their fiat-denominated value to where it was pre-correction. To prevent an upward correction, they can just raise property tax.
well no, not in Australia,
Not yet.
But Australian houses are historically overvalued, and indeed are starting to fall.
Indeed they are dropping back to the long term trend, and that drop will overshoot, as it always does.
If there is anything we should have learned by now is that government action cannot ultimately prevent market corrections.
I'll go to Spain soon. I saw a documentary saying that some price went down to 60% of the value.
but only if the buyers sell at a lower price than they purchased + normal inflation, they can bust hold, so the "bubble" does no burst those prices become the new normal.
If they bought with their own money, yes.
But another characteristic of a bubble is that past a certain point it becomes widely known, and everyone starts jumping in.
And some of them don't have enough capital of their own, so they borrow it.
And some don't have enough income to pay the full mortgage cost, so you get houses bought on interest-only mortgages, or houses bought as buy-to-let.
When the interest rates get too high, or the saturation of rental properties means that you can't keep the property fully occupied, then you find you can't make the mortgage payments, and have to sell at a loss.
well no, not in Australia,
when the interest rates get to high, the gov makes the banks find other arrangements. Beyond a small percentage the gov will not allow/can not survive wide scale repossessions.
then there is negative gearing, and
taxation that feeds through in to centrelink/social services the guarantees the bottom part of the market and support st he rest
Their is no capital gains tax on your family house when you sell
It is far more costly to have people on the street and an empt house en masse..
September 30, 2013, 09:11:53 PM
Antarctica
This. September 30, 2013, 06:49:37 PM
but only if the buyers sell at a lower price than they purchased + normal inflation, they can bust hold, so the "bubble" does no burst those prices become the new normal.
If they bought with their own money, yes.
But another characteristic of a bubble is that past a certain point it becomes widely known, and everyone starts jumping in.
And some of them don't have enough capital of their own, so they borrow it.
And some don't have enough income to pay the full mortgage cost, so you get houses bought on interest-only mortgages, or houses bought as buy-to-let.
When the interest rates get too high, or the saturation of rental properties means that you can't keep the property fully occupied, then you find you can't make the mortgage payments, and have to sell at a loss.
September 30, 2013, 03:41:29 PM
I think the north pole don't have a real estate bubble. I am not sure if Germany have any land in the north pole.
No, but at the South Pole, apparently.
September 30, 2013, 03:20:52 PM
So... is there any country left without a real estate bubble?
Planning to buy some property to live on but I'm not sure if I should do this in my own country (Germany).
Planning to buy some property to live on but I'm not sure if I should do this in my own country (Germany).
I think the north pole don't have a real estate bubble. I am not sure if Germany have any land in the north pole.
September 30, 2013, 03:17:54 PM
I love this. When its a non-inflationary asset like real-estate, gold, Bitcoin, or sorta-maybe stocks, a price increase = bubble.
When its a consumable like food, price increase = inflation.
When its a consumable like food, price increase = inflation.
You've answered your own question.
Consumables don't form bubbles (except in times of hoarding), because they are consumed, not resold.
A bubble occurs when an asset is bought, not for its inherent value or utility, but purely for the belief that it can later be resold at a profit to another buyer.
Eventually the market runs out of buyers at the ultimate elevated price, and the bubble bursts.
but only if the buyers sell at a lower price than they purchased + normal inflation, they can bust hold, so the "bubble" does no burst those prices become the new normal.
September 29, 2013, 06:35:53 PM
I love this. When its a non-inflationary asset like real-estate, gold, Bitcoin, or sorta-maybe stocks, a price increase = bubble.
When its a consumable like food, price increase = inflation.
When its a consumable like food, price increase = inflation.
You've answered your own question.
Consumables don't form bubbles (except in times of hoarding), because they are consumed, not resold.
A bubble occurs when an asset is bought, not for its inherent value or utility, but purely for the belief that it can later be resold at a profit to another buyer.
Eventually the market runs out of buyers at the ultimate elevated price, and the bubble bursts.
September 29, 2013, 03:01:35 PM
I love this. When its a non-inflationary asset like real-estate, gold, Bitcoin, or sorta-maybe stocks, a price increase = bubble.
When its a consumable like food, price increase = inflation.
When its a consumable like food, price increase = inflation.
September 28, 2013, 08:45:13 AM
It goes from bad to worse in Australia.
Sydney just going up again, the most it ever fell was about 1-2% per year if that, then goes up 10% a year, 5% a year....it just never stops
September 27, 2013, 10:41:52 PM
There is some nice waterfront places going for cheap at fukushima.
Oddly although property across whole of Fukushima prefecture, like the rest of rural Japan, has been on a steady downward slide for the last 20 years as people move to the cities:
http://land.color-me.jp/LandMakers/index/7/
...if you look at the towns that got part-evacuated the land prices seem to have perked up a touch since the accident.
http://land.color-me.jp/LandMakers/City/07212/
Maybe jobs and industry related to the clean-up?
September 27, 2013, 06:13:37 PM
Antarctica
September 24, 2013, 05:14:14 PM
I suppose you need a country where a bubble has recently burts. Check out Spain.
Are you sure the bubble in Spain has already burst? If so, why are the insolvent banks still there?
The banks have not cleared the losses, which is a huge problem, but the prices are down.
September 24, 2013, 04:51:40 PM
I suppose you need a country where a bubble has recently burts. Check out Spain.
Are you sure the bubble in Spain has already burst? If so, why are the insolvent banks still there?
Bailed out.
Spain is bankrupt. That's why they didn't get the 2020 olympics.
September 24, 2013, 04:48:01 PM
I suppose you need a country where a bubble has recently burts. Check out Spain.
Are you sure the bubble in Spain has already burst? If so, why are the insolvent banks still there?
September 24, 2013, 12:42:26 PM
damn it, the first rule of pink boars is that you don't talk about them. thanks for ruining it for the rest of us...
September 24, 2013, 09:38:47 AM
There is some nice waterfront places going for cheap at fukushima.
And for a countryside residence with magical pink wild boars and three legged rabbits I suggest Chernobyl.
September 24, 2013, 09:07:12 AM
I suppose you need a country where a bubble has recently burts. Check out Spain.
September 24, 2013, 08:09:55 AM
There is some nice waterfront places going for cheap at fukushima.
September 23, 2013, 06:38:51 PM
When you say real estate is cheap do you measure that against 2008 bubble or against historical prices? Real estate is very expensive compared to historical prices (measured in average income) all around the world. Blame fiat currency!
Blame the fact that world population is increasing, and world land size is not.
You should move to Russia, its population is decreasing.
September 21, 2013, 11:15:13 AM
When you say real estate is cheap do you measure that against 2008 bubble or against historical prices? Real estate is very expensive compared to historical prices (measured in average income) all around the world. Blame fiat currency!
Blame the fact that world population is increasing, and world land size is not.
September 21, 2013, 10:51:54 AM
The autor said he's from Germany so if you consider their prices eastern Europe can be called cheap. As for me, I tend to compare prices to the average salary. If you can buy a piece of land for the price of a decent PC or a 2 months salary it's dirt cheap 
September 20, 2013, 06:06:35 PM
When you say real estate is cheap do you measure that against 2008 bubble or against historical prices? Real estate is very expensive compared to historical prices (measured in average income) all around the world. Blame fiat currency!
September 20, 2013, 05:05:31 PM
Romania is a good bet too.
Not really, we had ours in 2008, better luck in 50 years! September 20, 2013, 10:02:16 AM
Check out Hungary too. Dirt cheap properties country wide. The capital has the most to offer for investors but you can always find some gems especially on the west side of the country.
Romania is a good bet too.
Romania is a good bet too.
Are you joking ?
September 20, 2013, 08:54:52 AM
Land and properties are dirt cheap in Chernobyl.
September 19, 2013, 04:38:38 PM
Check out Hungary too. Dirt cheap properties country wide. The capital has the most to offer for investors but you can always find some gems especially on the west side of the country.
Romania is a good bet too.
Romania is a good bet too.
September 19, 2013, 02:18:57 PM
In Poland land is dirt cheap because of the large emigration and unemployment. I heard a lot of germans buy properties here, especially on the coast, to use as summer residences.
September 19, 2013, 02:12:00 PM
There are plenty of them! It's actually part of my job to pinpoint them. But you have to consider what you want to do with your money. Do you just want to buy a nice place to live, or do you want to make an investment with the reasonable expectation that you will make a profit when you will want to sell?
There's not much of real estate a bubble in Germany. Save for Munich and Frankfurt, I regard most of that country as affordable and steady, in complete opposition to wild places like London or Monaco. Romania is even steadier, many cheap houses in the countryside, but would you like it?
There's not much of real estate a bubble in Germany. Save for Munich and Frankfurt, I regard most of that country as affordable and steady, in complete opposition to wild places like London or Monaco. Romania is even steadier, many cheap houses in the countryside, but would you like it?
September 19, 2013, 10:22:53 AM
So... is there any country left without a real estate bubble?
Planning to buy some property to live on but I'm not sure if I should do this in my own country (Germany).
Planning to buy some property to live on but I'm not sure if I should do this in my own country (Germany).
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