Help the Homeless. Buy a 2nd Home in Venezuela
A new proposal to change the constitution in Venezuela would make major changes to the rights of property owners in that country. It would authorize homeless persons to occupy properties designated as 2nd homes. This would include apartments, beach houses, and homes in club communities. It would limit a family to one home per 3 members.
The law would prohibit the use of mini-skirts, string bikinis and stretch pants. Who would want to go to the beach anyway? It would also outlaw Mickey Mouse. These changes are nominally called “socialist reform”. I thought socialism was supposed to improve the lives of the people. With the limits on property rights, entertainment, access to internet and other sources of information, it seems the lot of the people would be reduced to that of domestic animals.
President Chavez has done everything he can to destroy a country that was once a bright spot in Latin America and a cultural example to the world. How far will the Venezuelans allow him to go?
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 Venezuela. Show all posts
Showing posts with label Venezuela. Show all posts
Monday, March 30, 2009
Monday, November 17, 2008
Russia & Venezuela in the Caribbean
Russia & Venezuela in the Caribbean
A recent Economist article mentioned Russia and Venezuela holding joint military exercises in the Caribbean. Some people see this as an invasion of the USA sphere of influence. I see it as a real estate marketing opportunity. Venezuelans and Russians are both major customers in the Miami real estate market. Why not invite the Sailors to take liberty in Miami.
They could come into the cruise ship terminal. Developers could pick them up and have parties for them. They could show them their property inventory. Having been in the navy myself at one time, I am fairly certain the sailors don’t have the wherewithal to buy right now. Some of the officers probably do. At any rate they will be exposed to the wonderful climate and lifestyle of the USA. Some may wish to return. Some may wish to change things at home.
Excluding people for what ever reason usually promotes disharmony. The people of Venezuela and Russia are not our enemies. Their leaders are using us as a bogey-man to frighten their citizens into obedience or to incite national pride. Shine the light under the bed or in the closet and the monsters go away.
David Segrest is a REALTOR in Charlotte NC. His website is http://www.segrestrealty.com His email is david@segrestrealty.com
A recent Economist article mentioned Russia and Venezuela holding joint military exercises in the Caribbean. Some people see this as an invasion of the USA sphere of influence. I see it as a real estate marketing opportunity. Venezuelans and Russians are both major customers in the Miami real estate market. Why not invite the Sailors to take liberty in Miami.
They could come into the cruise ship terminal. Developers could pick them up and have parties for them. They could show them their property inventory. Having been in the navy myself at one time, I am fairly certain the sailors don’t have the wherewithal to buy right now. Some of the officers probably do. At any rate they will be exposed to the wonderful climate and lifestyle of the USA. Some may wish to return. Some may wish to change things at home.
Excluding people for what ever reason usually promotes disharmony. The people of Venezuela and Russia are not our enemies. Their leaders are using us as a bogey-man to frighten their citizens into obedience or to incite national pride. Shine the light under the bed or in the closet and the monsters go away.
David Segrest is a REALTOR in Charlotte NC. His website is http://www.segrestrealty.com His email is david@segrestrealty.com
Tuesday, April 29, 2008
Oil, Agriculture and Real Estate
Oil, Agriculture and Real Estate
Land, like any other income producing property, is priced according to the income it produces. As the high cost of oil and available tax incentives induce normally reasonable people to do unreasonable things like burning up their food to power their SUVs, the price of agricultural commodities are skyrocketing. This increases farmer’s profits and thus increases the value of the land.
How long will it be before the governments in countries like Venezuela see foreigners taking away their “national heritage” in the form of corn, soybeans and sugar cane. In most of the civilized world, property rights are inviolable. Even in nominally communist countries like China, property rights are being strengthened as the economy grows. Look at the economies of the countries where property rights are protected. Look at Venezuela and Zimbabwe.
Lula, in Brazil, is a socialist; but he realized that in order to boost the well-being of the poorer parts of his society, he would have to boost the economy. He has done this by protecting and enhancing property rights and guarding the security of investments in the country.
David Segrest is a REALTOR in Charlotte NC. His website is http://www.segrestrealty.com His email is david@segrestrealty.com
Land, like any other income producing property, is priced according to the income it produces. As the high cost of oil and available tax incentives induce normally reasonable people to do unreasonable things like burning up their food to power their SUVs, the price of agricultural commodities are skyrocketing. This increases farmer’s profits and thus increases the value of the land.
How long will it be before the governments in countries like Venezuela see foreigners taking away their “national heritage” in the form of corn, soybeans and sugar cane. In most of the civilized world, property rights are inviolable. Even in nominally communist countries like China, property rights are being strengthened as the economy grows. Look at the economies of the countries where property rights are protected. Look at Venezuela and Zimbabwe.
Lula, in Brazil, is a socialist; but he realized that in order to boost the well-being of the poorer parts of his society, he would have to boost the economy. He has done this by protecting and enhancing property rights and guarding the security of investments in the country.
David Segrest is a REALTOR in Charlotte NC. His website is http://www.segrestrealty.com His email is david@segrestrealty.com
Thursday, March 20, 2008
More Questions
More Questions
Is the price of oil really going up so much; or is it just reacting to the drop in the dollar? How long before the oil producers get fed up and switch to the Euro? Does it matter? It seems that oil producing nations should be awash in cash. They should be using their new found wealth to bolster education, promote non-commodities based industries and provide for the general welfare of their citizens. Fat chance.
Look at Venezuela. The Bolivar is going down the toilet like a super-flush. Chavez’s “Bolivarian revolution” uses revolution in the sense of the word that means “to revolve”. They are headed back for the old “banana republic” days. How long can he last? Is this a market landmark? Is the time right to buy in Venezuela? Will someone who knows respond? That is of course, if anyone actually reads this blog.
The news for the last few days reminds me of the old Chinese curse: “May you live in interesting times.” These are definitely interesting times. I am interested in benefiting from the changes. How?David Segrest is a REALTOR in Charlotte NC. His website is http://www.segrestrealty.com His email is david@segrestrealty.com
Is the price of oil really going up so much; or is it just reacting to the drop in the dollar? How long before the oil producers get fed up and switch to the Euro? Does it matter? It seems that oil producing nations should be awash in cash. They should be using their new found wealth to bolster education, promote non-commodities based industries and provide for the general welfare of their citizens. Fat chance.
Look at Venezuela. The Bolivar is going down the toilet like a super-flush. Chavez’s “Bolivarian revolution” uses revolution in the sense of the word that means “to revolve”. They are headed back for the old “banana republic” days. How long can he last? Is this a market landmark? Is the time right to buy in Venezuela? Will someone who knows respond? That is of course, if anyone actually reads this blog.
The news for the last few days reminds me of the old Chinese curse: “May you live in interesting times.” These are definitely interesting times. I am interested in benefiting from the changes. How?David Segrest is a REALTOR in Charlotte NC. His website is http://www.segrestrealty.com His email is david@segrestrealty.com
Thursday, December 13, 2007
Rocket Economy and Real Estate
Rocket Economy and Real Estate
Brazil has the fastest growing economy in the world. Lula (elected on the socialist Workers Party ticket) has turned out to be great for capitalism. Lula’s fiscally conservative policies have strengthened the economy and the middle class. His social programs have boosted 36 million people from poverty to lower middle class.
What does this mean for real estate? It means demand. According to the National Real Estate Investor magazine http://www.nreionline.com , office rents jumped 25% from 2005 to 2006 and 28% from 2006 to 2007. Demand for retail space is still strong and demand for housing is really skyrocketing.
Brazil is an excellent example of what South America needs. For too long the wealthy people have had their status preserved by benefiting disproportionately when times are good and moving their money out of the countries when times are bad. Lula has used the national wealth to build the prosperity of everyone and expand the middle class (which is the backbone of any successful economy). Hugo Chavez is a perfect example of the old style South American caudillo. He is using the wealth generated by the surge in oil prices to bolster his own position and feed his own follies.
David Segrest is a REALTOR in Charlotte NC. His website is http://www.segrestrealty.com His email is david@segrestrealty.com
Brazil has the fastest growing economy in the world. Lula (elected on the socialist Workers Party ticket) has turned out to be great for capitalism. Lula’s fiscally conservative policies have strengthened the economy and the middle class. His social programs have boosted 36 million people from poverty to lower middle class.
What does this mean for real estate? It means demand. According to the National Real Estate Investor magazine http://www.nreionline.com , office rents jumped 25% from 2005 to 2006 and 28% from 2006 to 2007. Demand for retail space is still strong and demand for housing is really skyrocketing.
Brazil is an excellent example of what South America needs. For too long the wealthy people have had their status preserved by benefiting disproportionately when times are good and moving their money out of the countries when times are bad. Lula has used the national wealth to build the prosperity of everyone and expand the middle class (which is the backbone of any successful economy). Hugo Chavez is a perfect example of the old style South American caudillo. He is using the wealth generated by the surge in oil prices to bolster his own position and feed his own follies.
David Segrest is a REALTOR in Charlotte NC. His website is http://www.segrestrealty.com His email is david@segrestrealty.com
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