It seems that the entire world is creating money at a very fast pace. It is to the point that it is down right stupid to save a significant amount of cash for a long period of time. No to mention the risk of some type of bail in. We are forced to speculate somewhere. I am not just talking about since 2008 but look at the price increases in general from 2000 to 2010, a lot of basic necessities doubled in price.
Condo buildings are popping up around the world and shooting up in price. I have been looking into buying a condo in South America(gotta park cash somewhere, right?) and I noticed that in a lot of places it's hard to even find decent listings of already build buildings. There are so many in mid or preconsturction.
Out of curiosity I went on to check out apartments in Thailand. Half or more of the apartments for sale are preconstruction, especially apartment buildings on the beach.
Its not just that, there seems to be a little America in every small city in the world now(outside certain places obv). I'm currently in a 3rd tier city(1 mil) in Mexico working and there seems to be a wings restaurant opening every month and condo buildings being thrown up in the new part of town, their version of little America and that is exactly what it looks like.
In English Teacher X he talks about the transformation the Russian city where he lived made in just a few years. Same shit has been happening all over the world. Obv we hear a lot about the Chinese ghost cities.
On the other hand, we now have the internet. It's very easy for retirees or anyone to do some research and find out that a place like Lima, Santiago, Medellin aren't all that dangerous. Or that Pattaya is a retirees disney land.
I'm at a loss. Is there a worldwide bubble? Will these buildings, shopping malls, and restaurants mostly turn into run down ghettos? Or will this stabilize.
What do you guys think?
Condo buildings are popping up around the world and shooting up in price. I have been looking into buying a condo in South America(gotta park cash somewhere, right?) and I noticed that in a lot of places it's hard to even find decent listings of already build buildings. There are so many in mid or preconsturction.
Out of curiosity I went on to check out apartments in Thailand. Half or more of the apartments for sale are preconstruction, especially apartment buildings on the beach.
Its not just that, there seems to be a little America in every small city in the world now(outside certain places obv). I'm currently in a 3rd tier city(1 mil) in Mexico working and there seems to be a wings restaurant opening every month and condo buildings being thrown up in the new part of town, their version of little America and that is exactly what it looks like.
In English Teacher X he talks about the transformation the Russian city where he lived made in just a few years. Same shit has been happening all over the world. Obv we hear a lot about the Chinese ghost cities.
On the other hand, we now have the internet. It's very easy for retirees or anyone to do some research and find out that a place like Lima, Santiago, Medellin aren't all that dangerous. Or that Pattaya is a retirees disney land.
I'm at a loss. Is there a worldwide bubble? Will these buildings, shopping malls, and restaurants mostly turn into run down ghettos? Or will this stabilize.
What do you guys think?