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Brazilian housing prices are way too high

Discussion in 'BlackHat Lounge' started by polocolto, Feb 3, 2013.

  1. polocolto

    polocolto Regular Member

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    If you live in Brazil or visited this country recently you prolly noted that the prices of houses are way above purchasing power of the population. Not only houses, but everything is expensive here. Prices are high, but the quality of things is very poor. I wish i could leave this country. Even though I'm making more money than ever before i cannot buy an apartment in a place good enough for people with my income.

    There is nowhere o invest my hard earned money, because everything loses to inflation. I'm very unmotivated to work since there is nowhere invest and inflation will destroy all my savings.

    Some say that this is caused by cheap financing, World Cup and Olimpic Games.

    I know that complaining will not change anything, but i wanted to let it out here. Sorry!

    If you live in Brazil, tell me your impression about these things. I talk to people here, but they don't understand the situation or simply don't care.
     
  2. back2form

    back2form Jr. VIP Jr. VIP Premium Member

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    I'm living in India, I only hear about Brazil & see your country in world map :) - lol

    Btw, you will get answer for your questions from one of your country people's here.. I don't know sorry!


    Cheers!
    Bart
     
  3. santhu

    santhu Power Member

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    So Brazil Is Not Only Famous For Football Its Also For High Rates.......:)
    I Think Govt Is Doing This To Cover They Upcoming Football Worldcup Expenses By Causing High Inflation......

    Its Just My Opinion....
     
  4. bust-in

    bust-in Registered Member

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    Brazil has always been crazy with prices aren't gaming systems like thousands of dollars?
     
  5. Mr Stark

    Mr Stark Regular Member

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    Why post if you have nothing to say?

    @OP Transfer your savings to gold if you're afraid of inflation.
     
  6. curtainsplitter

    curtainsplitter Newbie

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    wow i thought when you wrote this you meant brazilian phone housing haha
     
  7. sirjocky

    sirjocky Power Member

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    how much for a flat in rio? I want to setup another residency this year.
     
  8. satyr85

    satyr85 Power Member

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    How much costs house in Brazil and how much people earn?
     
  9. IamNRE

    IamNRE Jr. VIP Jr. VIP Premium Member

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    Why don't you move to Argentina ?? :) I hear thats a nice place to live if you have some capital.
     
  10. hitman247

    hitman247 Executive VIP Premium Member

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    Lots of good Brazilian offers out there, and traffic is cheap. This is a perfect time to cash in.
     
  11. polocolto

    polocolto Regular Member

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    Here you go. This apartment costs 1.1 million dollars.

    zap.com.br/imoveis/SuperDestaque/Apartamento-Padrao-3-quartos-venda-RIO-DE-JANEIRO-IPANEMA-RUA-BARAO-DA-TORRE/ID-3009617
     
  12. sirgold

    sirgold Supreme Member

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    ^ Cute little thingie, but gotta agree way overpriced
     
  13. IamNRE

    IamNRE Jr. VIP Jr. VIP Premium Member

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    LOL thats Rio De Janeiro.... and right next to water....

    RIO is like the capital of Brazil (even if its not officially), thats where alot of investors buy properties etc.

    Its like someone in US complain about not being able to afford house in L.A (Hollywood/Beverly Hills).

    Come on dude... be more realistic!
     
  14. polocolto

    polocolto Regular Member

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    An exerpt of an article on ft.com

    Inevitably, this combination of a strong currency, foreign investor euphoria, increased consumption and bottlenecks that stifle the ability to respond to the growing demand make everything more expensive. Indeed, while Brazil remains a very poor nation, it is currently one of the most expensive in the world. Housing prices in Rio de Janeiro and São Paulo have nearly doubled since 2008. Renting offices in Rio is becoming more expensive than New York, while the salaries of executives in São Paulo are higher than London. Inflation is rising so quickly that Dilma Rousseff has declared it her main concern as president.
     
  15. Dr. Dre

    Dr. Dre Newbie

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    It's not just housing prices that are too high in Brazil.

    Look at the "Big Mac index". Look at nightclub prices in major cities like São Paulo or Rio. Look at restaurant prices. Look at the price of electronics, sneakers, clothing. Look at domestic travel prices - basically it's cheaper for someone living in São Paulo to spend a holiday (such as Carnaval) in Buenos Aires or even Miami, than in the Northeast of Brazil.

    And you know what the craziest thing is?

    It seems that demand for all of those things remains strong. Try to find a hotel room in Salvador for Carnaval. You can't, everything is sold out.

    On one hand, I believe that there is a bubble in the Brazilian market in general. But on the other hand, when I see huge lines in front of nightclubs that have a cover charge of R$200 (US$100) just to get inside, I think that perhaps Brazilians do have more money in their pockets nowadays and that the economy has improved as whole.

    However, the big question is: is this situation sustainable?

    Personally, I don't think so.

    Most Brazilians I know appear to live paycheck-to-paycheck. Now, what happens if the dollar goes up to R$2.20 or R$2.50? What happens when the Brazilian government has to elevate interest rates to contain inflation? Will Brazilians still be able to afford their mortgage payments, or will we see something similar to what happened to the U.S. housing market back in 2008?

    Just some food for thought.
     
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  16. Duffers5000

    Duffers5000 Elite Member

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    I was under the impression that Brazil was one of the best performing economies in the world at the moment. For the first time ever young Portuguese people are emmigrating to Brazil in numbers because the economy is flat in Portugal. With prosperity the prices go up but so do the opportunities.
     
  17. blackouts

    blackouts Regular Member

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    Yes, everything is way to expensive here not only the houses also cars, gazoline, food, clothes, ... everything, especially important goods. There are heavy importtaxes for everything that comes from abroad! But even things made in Brazil are very expensive, i think most Brazilians don't have a clue that outside Brazil it's a lot cheaper! To keep people from spending money outside Brazil there are heavy taxes and i think even limits for spending money abroad!!!

    Theres an enormous bubble growing with all the foreign investments and preparation for the world Cup and the Olympics but that is going to burst soon after!

    Inflation is growing very fast but there's a big young and new middle class with money to spend and Brazilians like to spend money. It's a spending culture that is incentivated by banks who give creditscard and credit without any problem and you can buy almost everything in 10-15 times without interest. Brazilians don't save money, the live day by day and paycheck by paycheck!

    The Brazilian goverment is very corrupt and the Brazilian people complain a lot but don't take action, rarely you will see demonstrations of any kind! They try to keep the people addicted to tv with all the Brazilian novelas, big brother and religious bullshit shows, give them money (bolsa familia) to do nothing and don't invest in eduction or healthcare. It easier for the PT goverment to stay in power by keeping people stupid. Hell, they even bribe people with money to try to buy there votes (voting is mandatory) ...

    Brazil is a beautifull country but corruption and inflation will destroy it!
     
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  18. curtainsplitter

    curtainsplitter Newbie

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    how would you live in brazil if u cant speak it lol