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Strategies & Market Trends : The Residential Real Estate Crash Index
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To: John Vosilla who wrote (264608)7/28/2010 5:56:21 AM
From: THE ANTRead Replies (2) of 306849
 
Debt/GDP in Brazil <100%.Some of the highest real interest rates in the world.All construction brick and block with a lot of marble,granite,hardwood.Brazil looks like a bubble to those who are in the dollar as much of the increase is from the 150% increase in the Real.Brazil real estate was more expensive than the US in 1974 in $ and is still 50% below that level.I have been on these boards since 2003 telling those that care to listen (rare as most seem to want to fight,rant about politics,or hate the people they follow on these boards)why Brazilian real estate would boom.In my opinion, 1/3 of Brazilian gain is due to China,1/3 getting their economic house in order and 1/3 from the fall of Wall Street.Wall Steet should be included with the axis of evil as they are a bigger threat than the countries on the list.Any furthur rapid growth in Brazilian real estate may be the start of a bubble (I hope for this) and if China goes we might see a 20% decline,but Brazil real estate will be up in real terms over the years.The answer is NO.No country has had more speculation,fraud,overbuilding than the United States!What we allowed to happen was disgusting and continues to be so.Where is the leadership?I used to read the Brazilian news paper daily during their lost 15 years and feel disgust.I feel the same thing now in the US.The dishonesty and greed and unwillingness to do what is right is no diferent than during Brazils lost years.I witnessed a Civil War and Revolution in Brazil that you all didnt see (minimum wage up 10X in real terms in 16 years)The same is comming to a place near you (It will just be very different and maybe as imperceptible)
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