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Real Estate Crimea Investment

Discussion in 'BlackHat Lounge' started by testyy, May 4, 2014.

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  1. testyy

    testyy Regular Member

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    I'm a maths undergrad hoping to get into Investment later on, currently at Edinburgh uni. My Parents(My mum is Russian) are watching the Crimean crisis and they want to invest in Crimean property. My mum argues that this was the top resource for Russian back in USSR (as well as Sochi), so even though it will not attract European tourists a lot of Russian speaking population will be going there. And not just on holiday, but to live permanently as well ( It is a tax free zone in Russia) . Putin wants to make it a Gambling resort, making it one of the only legal gambling sites in Russia. Crimean GDP per capital is 3-4 times less than Russian GDP, so the Crimean Economy is more likely to grow faster due to "Catch-up effect". There might be a property rights issue because it is not recognized as russian by the international community. What do you guys think?
     
  2. I Make Dollars

    I Make Dollars BANNED BANNED

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    How much will a house be worth once a tank has driven through it?

    I'd watch carefully for a few months, its certainly not going to go up in price again any time soon ;)
     
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  3. testyy

    testyy Regular Member

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    We are going to Crimea in the summer to talk to the locals,particularly those in Yalta. and if everything goes well make a decision. I don't really think there is going to be war because the losses would be catastrophic for both sides.
     
  4. lietuvis002

    lietuvis002 BANNED BANNED

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    Make a weeds grow house there. That'd definitely make you some cash.
     
  5. testyy

    testyy Regular Member

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    We'd rather stick to the legal side, great advice though
     
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  6. Mobrich24

    Mobrich24 Junior Member

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    How did your trip to Crimea Go?
     
  7. viivii

    viivii Newbie

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    only russian turists can go to crimea. in my country its prohibited by law to sell trips to crimea.
     
  8. Alan83

    Alan83 Newbie

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    Be careful bro
     
  9. Bleght

    Bleght Power Member

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    Sounds like a high risk - high payout kind of an investment. So only invest money you can afford to lose. It really depends on what will happen to that place later. I personally wouldn't invest in anything that depends on Russia, because it's just too fickle and I really have a distaste for Putin's politics.
     
  10. Mobrich24

    Mobrich24 Junior Member

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    No risk no reward. I think it's a good Idea if your russian and have a way to enter and exit that area safely.
     
  11. Capo Dei Capi

    Capo Dei Capi Power Member

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    BS, Russia will let even Americans visit Crimea and spend money there and sell trips.

    Russia is a great country to invest money in, just a bunch of cry babies in the west started some propaganda that should be ignored when it comes to investing.
     
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  12. Mobrich24

    Mobrich24 Junior Member

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    Is Mafia 3 any good?
     
  13. Capo Dei Capi

    Capo Dei Capi Power Member

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    From the E3 gameplay it looks like it would be awesome, hopefully they don't screw up the pc version, the last one had so many bugs in it.
     
  14. SkyrocketSEO

    SkyrocketSEO Jr. VIP Jr. VIP Premium Member

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    Why are you all commenting 2 years old thread?
     
  15. GORKA

    GORKA BANNED BANNED

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    Lol, thanks for revealing the truth.
     
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