I sold a house in 2018 for $700,000 that originally cost $34,000, new, in 1963. Haven’t figured out what the gold-to-house value was then and more recently, but I have noticed that inflation has probably shaved around $100,000+ off the supposed “gains” since the sale. What the Fed giveth, the Fed also takes away.
This is a fun exercise but I'm not quite sure of its utility. Over the last 15 years my home's value has appreciated by 60-70% ( I live in fly over country), but I would say the real value lies in everything family-related. That my friends, as they use to say in the Mastercard ad, is priceless.
Thanks for sharing your insights and knowledge with us. Since you´re in Brazil and commented about Real apparent "stability", would you mind giving your insights about local companies, BRL treasury bonds and investment opportunities there? May be you find some time in between caipirinhas.
I sold a house in 2018 for $700,000 that originally cost $34,000, new, in 1963. Haven’t figured out what the gold-to-house value was then and more recently, but I have noticed that inflation has probably shaved around $100,000+ off the supposed “gains” since the sale. What the Fed giveth, the Fed also takes away.
Great observation
Yep
This is a fun exercise but I'm not quite sure of its utility. Over the last 15 years my home's value has appreciated by 60-70% ( I live in fly over country), but I would say the real value lies in everything family-related. That my friends, as they use to say in the Mastercard ad, is priceless.
Great observation. Just spent a week mostly offline with family... best investment ever.
Still waiting on the transcript of the last podcast!
I’ll get to it this week! Mea culpa!!
Hi Joel, nice to see you're enjoying being in Brazil! Have a nice day! Tenha um bom dia!
I’ve said it before and I’ll say it again: Brazil is one of my favorite reasons for living in Argentina. 2 hours to paradise!
Joel
I was in Búzios a few weeks back. It’s full of Argentinians! You really don’t want to leave them.
Andrew
São Paulo
What can I say? I love cheerful neurotics...
Wifey wrote a nice piece on the locals as epicureans here. She’s killing my like ratio...
https://open.substack.com/pub/classicalwisdom/p/brazilian-epicureans?r=deuf2&utm_medium=ios&utm_campaign=post
Hey Joel,
Thanks for sharing your insights and knowledge with us. Since you´re in Brazil and commented about Real apparent "stability", would you mind giving your insights about local companies, BRL treasury bonds and investment opportunities there? May be you find some time in between caipirinhas.
BR!