South American Spring
One of the things I really love about South America is the ability to enjoy Spring and Fall twice. CIA (Camara Inmobiliaria Argentina) and SECOVI (The Sao Paulo real estate professionals) are both having conferences in September. I will be enjoying Spring in both of them. Another Brazilian group Conaci is having a conference in Fortaleza. Fortaleza is pretty close to the equator. You can’t really call the season there Spring. All you can call it is hot.
SECOVI really knows how to put on a conference. The day before the conference begins they have the Premio Master Imobliaria, which the 1st stage for the FIABCI Prix de Exellence. This real estate award ceremony is held in the old railway station in Sao Paulo, which has been completely refurbished to a very high standard of excellence. The speakers at this conference are always fantastic. One year they had President Cardoso. They also have a Chef who could cook at any 5 star restaurant anywhere in the world. More info at http://www.convencaosecovi.com.br
The Argentines are having their conference at the Hilton in Puerto Madero, Buenos Aires. The conference is called Mundo Inmobiliario 2008. Information can be accessed at http://www.mundoinmobiliario.com.ar There is an all star, action packed two days of intense education. Plan to stay an extra day or two to really enjoy Buenos Aires.
David Segrest is a REALTOR in Charlotte NC. His website is http://www.segrestrealty.com His email is david@segrestrealty.com
Showing posts with label Buenos Aires. Show all posts
Showing posts with label Buenos Aires. Show all posts
Thursday, August 21, 2008
Sunday, October 7, 2007
Currency Trends, Good or Bad
Currency Trends, Good or Bad.
When I studied the trend between the USA dollar and the Argentine peso a couple of months ago, I was amazed that the peso had held its own against the dollar for several years. No more. When I checked the peso for my trip to Argentina, I was happy to see that it was at about 3.19. Sad for Argentina. Great for me. I need new shoes and Argentina and Uruguay make the best.
I say sad for Argentina; but is it? I will probably buy 2 pair of shoes instead of one. Maybe my wife will get a new pocketbook. The pesos will still pay the workers and buy the leather and keep up the location for the shoemaker just like before. Only if he wished to buy something imported will he be worse off. Even then because of the extra business, he may have more pesos.
My wife and I went to Buenos Aires back when the peso was tied to the dollar. The stores were full of merchandise. Everything was incredibly expensive and nobody was buying. Argentina is basically a commodities based economy. Economy prices were down so nobody had much money. Now the peso reflects the economy of the country and the prices of the commodities. The people’s income will not change in pesos. Financial misery will be avoided.
Tomorrow I will report on conditions on the street in Buenos Aires.
David Segrest is a REALTOR with Segrest International REALTORS. His webpage is http://www.segrestrealty.com/
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When I studied the trend between the USA dollar and the Argentine peso a couple of months ago, I was amazed that the peso had held its own against the dollar for several years. No more. When I checked the peso for my trip to Argentina, I was happy to see that it was at about 3.19. Sad for Argentina. Great for me. I need new shoes and Argentina and Uruguay make the best.
I say sad for Argentina; but is it? I will probably buy 2 pair of shoes instead of one. Maybe my wife will get a new pocketbook. The pesos will still pay the workers and buy the leather and keep up the location for the shoemaker just like before. Only if he wished to buy something imported will he be worse off. Even then because of the extra business, he may have more pesos.
My wife and I went to Buenos Aires back when the peso was tied to the dollar. The stores were full of merchandise. Everything was incredibly expensive and nobody was buying. Argentina is basically a commodities based economy. Economy prices were down so nobody had much money. Now the peso reflects the economy of the country and the prices of the commodities. The people’s income will not change in pesos. Financial misery will be avoided.
Tomorrow I will report on conditions on the street in Buenos Aires.
David Segrest is a REALTOR with Segrest International REALTORS. His webpage is http://www.segrestrealty.com/
y
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