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Non-Tech : Investing in Real Estate - Creative Opportunities

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To: Riskmgmt who wrote (2323)	7/7/2014 10:00:50 AM
From: Jurgis Bekepuris	Read Replies (1) of 2722

Moscow is pricey because there is a giant sucking sound towards it. Basically in Russia (and a lot of other corrupt/semi-corrupt countries), the capital is the best in everything and the biggest opportunity in everything. So if you're outside, it's much harder to make money/connections/education/jobs/crime/bribes/etc. Somewhat similar thing happens in Lithuania: the small cities are dying while capitol is slurping everyone in. Shanghai - somewhat similar situation, but on Chinese scale. It's number 2 (3?) city in China and there's a lot of slurping to do. Plus the "RE is the only investment that never goes down" Chinese mentality. I am generalizing of course. :)

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