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Badboy81

Badboys Rio Adventures Oct 2016....

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Posted

Having had 3 Anerican friends buy homes there between 2006 and 2008, for me much easier and cheaper to rent umless youvare plannig to live there full time!  I have developed a relationshipwith the guy i rent from which means i don't have to send a deposit or pay a refundable damage deposit! I have a set of keys to the apt/bldg fulltime and just transfer the amount of the rental the day i arrive! It works great for both of us!

Posted
3 minutes ago, Tomcal said:

Having had 3 Anerican friends buy homes there between 2006 and 2008, for me much easier and cheaper to rent umless youvare plannig to live there full time!  I have developed a relationshipwith the guy i rent from which means i don't have to send a deposit or pay a refundable damage deposit! I have a set of keys to the apt/bldg fulltime and just transfer the amount of the rental the day i arrive! It works great for both of us!

I think you may have great relationshios because of your frequency of travel and how generous you are...

I still like to get the most out of my money and still work hard..I flew in and went straight to my office...

I have some time to decide since Im still heavily investes in acquiring holdings here in Atl...

There would have to be more pros than cons...

And while tourism stays consistent in Rio...the real to dollar changes way too much...

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Posted

I purchased in 2003 and again in 2005 since I knew I wanted to live here full-time. 

I doubt I would have taken the real-estate plunge on a part-time basis (Tomcal's point).

Although it turned out to be a very interesting time to buy in local or dollar terms, it could have just as easily gone the other way.  Market timing attempts - especially in Brazil, given the underlying and often extreme volatility- are even more tricky (read: futile) than elsewhere.

At the time, (financial) objectives were simply to eliminate rental and hotel expenses altogether and to establish a hedge against future inflation.    

For part-time buyers, currency volatility as you have mentioned makes a strictly financial modeling approach difficult to say the least.  Despite some recent downward price adjustments, the local real estate market is still a bit frothy - hardly a screaming buy at the moment.  

With a further 20% haircut and the local currency where it was say at the start of the year, then the local  market would be much more attractive for non-residents.  Although the latter might well happen, don't expect notoriously stubborn local sellers to budge on price....   

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Posted

Badboy-- thanks for posting!  I truly enjoyed the read and thought about my previous trips.  ...am seriously considering returning to "Mother Brasil" in August when a friend of mine will already have been there for two weeks!!!       

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