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Post by barrumundi on Oct 21, 2015 15:12:57 GMT -5
Any predictions?
I have a friend interested in buying property on the coast but he is a bit hesitant to do a deal because the dollar may continue to rise and it might be beneficial to wait a year or two.
robbierobnj what do you think?
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Post by gallito on Oct 21, 2015 20:21:42 GMT -5
Depending on where it is,good deals on Colombia coastal properties might be a thing of the past.With a strong $US and the supposed "peace accord" prime land prices will rise...ex. Cartagena's increase in real estate prices.
SHOULD'VE COULD OFs...
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Post by barrumundi on Oct 21, 2015 20:46:30 GMT -5
So your opinion gallito is that my friend should buy sooner rather than later because even though the dollar will (maybe) increase in value, the coastal real estate will probably go up in price. I see your point.
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Post by gallito on Oct 21, 2015 20:56:44 GMT -5
There are "certain" areas that your friend should concentrate on,places a little further out,not in city center ...if he wants he can employ my negotiation skills;my international property seminars are only a plane ticket away
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Post by barrumundi on Oct 21, 2015 21:23:05 GMT -5
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Post by gallito on Oct 21, 2015 21:50:23 GMT -5
Yep, now you're barking up the right tree...it has potential,a little dated though...could make a decent B&B with a cash injection,heck knock some off the asking price.
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Post by gallito on Oct 21, 2015 21:52:22 GMT -5
This could also work..well maybe a tad over the top!
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Post by robbierobnj on Oct 22, 2015 14:30:38 GMT -5
I don't really like Colombian realty as an investment. If i were to buy Colombia it would be in Bogota based on the population increase over the next 20 years or so it is set to double. I don't see why anyone would buy in Colombia on the beach when Mexico and Many other places are just as cheap and much nicer. Cartagena is a 72 hour stop I wouldn't live there if you paid me Boring and quite ugly in my opinion. As for the peso I like the dollar to strengthen more as soon as US rates rise I'm thinking close to 4000 before next summer. Colombia is pegged to commodities and I don't see gold or oil helping much. Now if your friend just wants to buy a place to live in Colombia not an Investment and doesn't need to be able to get out I hope he enjoys the new place.
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Post by caliconnection on Oct 23, 2015 14:04:52 GMT -5
Robbie, do you think 4000 would be tied to a US interest rate rise? I can't see it going much higher than 3000, but if it does, this also has implications for me as a strong US$ also means a weak(er) Canadian $. I've made some good money this year purely based upon owning US$ stocks and the rise in the US$. Recently, I sold some of my US positions to purchase more Canadian $ stocks - the best being ACQ.TO - which I managed to purchase at the bottom - and has since surged.
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Post by robbierobnj on Oct 25, 2015 12:34:09 GMT -5
Cali , I think the US rate rise will happen but it wont be a steep incline probably no more than 3/4 of a point in 18 to 24 months that will strengthen dollar but with foreign markets continuing to ease Europe and china etc I don't see anyway the dollar has peaked vs the peso or other currencies. Just my .02 cents
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Post by robbierobnj on Oct 28, 2015 13:14:36 GMT -5
Cali, The Fed may go in December per 2 pm today The euro just dropped big verse the dollar its 109 to the dollar now and may go to par value quickly I expect to see the dollar strengthen big time the next few days and weeks to come against the peso 3500 here we come.
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Post by caliconnection on Oct 28, 2015 21:02:18 GMT -5
I'm keeping an eye on it. Thanks. The world is becoming a much cheaper place for most Americans.
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Post by gallito on Oct 29, 2015 14:45:28 GMT -5
One would hope our brother from the south will help our $can gain some strength along the way.Perhaps they could start buying North American.
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