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To: THE ANT who wrote (45122)1/11/2009 6:03:08 AM
From: elmatador  Respond to of 217677
 
Dependency on asset appreciation. It is a G-7 thing. But something can only appreciate if there is a higher demand for it. In the absence of which it is artificial and will come down.



To: THE ANT who wrote (45122)1/11/2009 6:38:20 AM
From: elmatador  Respond to of 217677
 
Encol went bankrupt. Real estate collapsed. It stayed low for several years. That kept Curitiba's real estate prices well below similar cities.

I bought and am enjoying asset appreciation because the local real estate needs to go to where similar cities -P. Alegre and Florianopolis- already are.


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