If we consider the current situation of the Brazilian real estate market, we can concluded that the basic principle of financial, namely buy cheap and sell high, had been forgotten by Brazilian consumers, that are buying a property, right now, with prices at the top, with the fixed idea that property value will continue to appreciate over time. The story offers tire of pointing out examples of bubbles and how not to be a contributor (and, later, victim) of them, but It seems that Brazilian have distanced themselves from reality. After all the real estate market is a mirror of the current Brazilian economic situation, and by this, actually, the Brazilian real estate bubble is located in the commercial market, with empty commercial buildings. In residential sector, the dramatic situation of oversupply in many Brazilian cities, appears in its true dimension, and notes how the levels of prices are outside the reality of local income. This phenomenon is generalized, and it is since 2012 that builders offer discount, which can reach up to 35%. Higher construction costs, an increase in interest rates, price of property that grew much more than real income, difficult in obtain loan, result in a creation of a super stock, whose consequence is stalling construction in many cities, with decrease of new releases, and unemployment in the sector, that in a year rose from 6,4 to 9,4%.The bubble began to inflate because of the joint action of several factors. The allowance of MCMV program (a public subside to allow low-income families to buy a home), was obtained thanks to an artificial reduction of interest, an increase of the financing term, the signs of speculation based on the World Cup and Olympics, with rotten credit granted by builders to sell on the plant a large scale, with a default rate in the range of 20%.The rescissions and the competition in the delivery of homes fired from 2012, with an increase inflation forcing rising interest rates, which began to be transferred to the real estate finance. The visible result of all this was, the top five homebuilders in Brazil indebted, whose market price is lower than equity value, and with a stock equivalent to years of sales.The principal of this situation is the federal government, through its tax policies and stimulus to credit. The government's insistence on further heat an already heated housing market will only get worse the outcome. Current fiscal and monetary policies of the Brazilian government are clearly inflationary. Such policies inevitably will increase the cost of living in Brazil, and all other costs associated with the resurgence of inflation. When the Brazilian government will be obliged to increase the domestic interest rate, there will be a direct impact of this measure in real estate. So it will be Brazil's turn to deal with a crisis created solely by the bad management of fiscal and monetary policies of the Brazilian government. Market will not have been the creator of the crisis, but the government of Brazil.
Apart from being literate it is also important to be "financially literate" because 2/3rd of our lives is spent on earning, spending, saving and investing, for ourselves and for others. Given the uncertain times that we live in depending on bank fixed deposits, gold and/or real estate to build our wealth or reach our financial goals would be a futile attempt. It is time that we start looking beyond the obvious and start educating ourselves with the all important knowledge of managing our finances by understanding the opportunities. If we ignore or shy away from acquiring such knowledge there would be no one to blame except ourselves. There are several myths, misconceptions, prejudices and fear surrounding various asset classes that includes stocks, mutual funds and insurance which this book, stories weaved through conversational mode, endeavours to clear the haze by offering clarity over financial instruments answering several critical questions and can confidently say the content would enhance the knowledge on various financial products and services that is presented through lots of examples explained using simple language. The content can also be treated as a "self-help" book on simplifying the investment knowledge. The final outcome after reading the book would be the feeling of being an "informed investor."
Mainstream urban and real estate economics tend to ignore the supply side of the economy and to undervalue the significant role that the property market plays in the economic development of cities.
The Economics of Urban Property Markets is a cohesive analysis and synthesis of a wide range of factors that determine the regional development of cities. The book draws on institutional economics to explore the mechanisms, processes and dynamics through which the built environment is provided, and considers how these affect urban economic potential. The author advances the argument that the property market as an institution is a mediator through which economic potential can be realised and served.
This book is an invaluable resource for all students on urban and regional economics and built environment courses.
This book will show you how to make MONEY. That's the only reason it was written. I assume you would like to get rich.
If you roll up your sleeves and genuinely follow its clear directions, you will become a rich, semi-retired man or woman in 10 years or less.
HOW IT STARTED
LEARNING THE FACTS OF LIFE
DUMPING THE DEADWOOD
WHAT IS THE BEST BUY IN REAL ESTATE AND WHY
YOUR PHENOMENAL CHANCES FOR SUCCESS
GROW RICH ON BORROWED MONEY
WHAT TO CHECK FIRST
WHAT TO CHECK SECOND
THE TIME IS NOW
HOW TO FIND THE GOOD BUYS
THE IMPORTANCE AND USES OF THE VALUE FORMULA
THE FIFTEEN PER CENT RULE
TYPES TO WHICH THE VALUE FORMULA CAN BE APPLIED
FIGURING THE NET
BEFORE THE OFFER
PRECAUTIONS IN THE OFFER
CHECKING THE HEAT
AFTER TAKING TITLE
STRAIGHTENING OUT TENANCIES
TAX BENEFITS WHILE HOLDING
HOW TO SELL THEM
TAX ANGLES IN SELLING
Are inequalities of income created by the free market just? In this book Serena Olsaretti examines two main arguments that justify those inequalities: the first claims that they are just because they are deserved, and the second claims that they are just because they are what free individuals are entitled to. Both these arguments purport to show, in different ways, that giving responsible individuals their due requires that free market inequalities in incomes be allowed. Olsaretti argues, however, that neither argument is successful, and shows that when we examine closely the principle of desert and the notions of liberty and choice invoked by defenders of the free market, it appears that a conception of justice that would accommodate these notions, far from supporting free market inequalities, calls for their elimination. Her book will be of interest to a wide range of readers in political philosophy, political theory and normative economics.
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