A look at real estate... as measured in real money.
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.
Still waiting on the transcript of the last podcast!
Hi Joel, nice to see you're enjoying being in Brazil! Have a nice day! Tenha um bom dia!
I was in Búzios a few weeks back. It’s full of Argentinians! You really don’t want to leave them.
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.