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Post by scumbuster on Oct 13, 2016 5:19:40 GMT -5
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Post by suba on Oct 13, 2016 9:01:35 GMT -5
It's not as if they can invest in agriculture.
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Post by billyb on Oct 13, 2016 10:02:20 GMT -5
Maybe they, the developers, are just finishing them because they have no other choice then to finish and sit on them. I don't believe anybody would invest in property in Venie at this time, no matter how rich. Perhaps these projects will become ghost cities like in China.
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Post by scumbuster on Oct 13, 2016 20:16:18 GMT -5
Foreign businesses that cant repatriate there moneys haven't many good choices. That seems like it could be a good strategy to stash a devaluing currency into a hard asset until things turn around.
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Post by billyb on Oct 13, 2016 20:42:05 GMT -5
But you can't trust the gov not to expropriate private property.
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Post by elexpatriado on Oct 19, 2016 7:35:06 GMT -5
Is that ever weird..
Its gonna take 5 years to clear up the office glut in a relatively sane place like Calgary, so I imagine these guys wont get any returns for at least 10 years..
But stranger things have happened..
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Post by elexpatriado on Oct 19, 2016 7:36:09 GMT -5
But you can't trust the gov not to expropriate private property. At 1600% inflation they are expropriating the cash, so better toput it in something tangible is the idea I guess.
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Post by billyb on Oct 19, 2016 23:00:46 GMT -5
I guess you are fokked either way. You loose any cash in local currency to devaluation caused by tbat 1600% inflation, or you can lose it by buying property or other assets in Venezuela and then having Maduro arbitrarily expropriating them. The best solution is to not throw away any more good money after bad, and just leave Venezuela until a responsible government takes over.
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