Log in or Sign up
Coin Talk
Home
Forums
>
Coin Forums
>
Bullion Investing
>
Do I need more gold?
>
Reply to Thread
Message:
<p>[QUOTE="medoraman, post: 4819089, member: 26302"]I agree with the answer of [USER=22331]@imrich[/USER] . It basically boils down to situations like Zimbabwe or Venezuela in worst case. If the local currency deteriorates badly, how will the renter afford ever higher rents? If you do not increase rents as fast as inflation, you start losing real returns. PM, OTOH, would still be attractive to people where the economy is still good, maintaining real value. Real Estate is inexorably tied to the local economy. Don't believe me? Want to invest in apartment buildings in Caracas? I don't think they have paid rent in years now, and the government forbids evictions to support them politically.</p><p><br /></p><p>Heck, look at San Francisco. Whining about not enough rental units, yet 7 years ago they passed a law forbidding rent increases above a certain level, currently about 1%, yet property taxes keep going up 10% a year. Then the politicians hold press conferences stating its developer greed why they are not building more apartments in the city .......[/QUOTE]</p><p><br /></p>
[QUOTE="medoraman, post: 4819089, member: 26302"]I agree with the answer of [USER=22331]@imrich[/USER] . It basically boils down to situations like Zimbabwe or Venezuela in worst case. If the local currency deteriorates badly, how will the renter afford ever higher rents? If you do not increase rents as fast as inflation, you start losing real returns. PM, OTOH, would still be attractive to people where the economy is still good, maintaining real value. Real Estate is inexorably tied to the local economy. Don't believe me? Want to invest in apartment buildings in Caracas? I don't think they have paid rent in years now, and the government forbids evictions to support them politically. Heck, look at San Francisco. Whining about not enough rental units, yet 7 years ago they passed a law forbidding rent increases above a certain level, currently about 1%, yet property taxes keep going up 10% a year. Then the politicians hold press conferences stating its developer greed why they are not building more apartments in the city .......[/QUOTE]
Your name or email address:
Do you already have an account?
No, create an account now.
Yes, my password is:
Forgot your password?
Stay logged in
Coin Talk
Home
Forums
>
Coin Forums
>
Bullion Investing
>
Do I need more gold?
>
Home
Home
Quick Links
Search Forums
Recent Activity
Recent Posts
Forums
Forums
Quick Links
Search Forums
Recent Posts
Competitions
Competitions
Quick Links
Competition Index
Rules, Terms & Conditions
Gallery
Gallery
Quick Links
Search Media
New Media
Showcase
Showcase
Quick Links
Search Items
Most Active Members
New Items
Directory
Directory
Quick Links
Directory Home
New Listings
Members
Members
Quick Links
Notable Members
Current Visitors
Recent Activity
New Profile Posts
Sponsors
Menu
Search
Search titles only
Posted by Member:
Separate names with a comma.
Newer Than:
Search this thread only
Search this forum only
Display results as threads
Useful Searches
Recent Posts
More...