Real vs Dollar and other currency issues

[Magic2000]

Your calculations seem to be accurate. Good for you.
But can you please explain to us what short of taxes you will have to pay and how are you gonna get that money out of the country in case you sell?

Thanks

Hi,

Is one to assume that when you sell a property in Brasil taking the cash from the proceeds is not allowed? I hope this is not the case!

Regards,

Magic

[Exec Talent]

Your calculations seem to be accurate. Good for you.
But can you please explain to us what short of taxes you will have to pay and how are you gonna get that money out of the country in case you sell?

Thanks

Is that when you buy an apartment in Rio you need to put up all the money. Then there is the cost and time to remodel. Give me the same amount of money you spent and the returns would be through the roof (so to speak). You guys can talk all you want about the great investments you made in buying an apartment in Rio. You did not make a good investment.

If you want to say you own an apartment in Rio, by all means, buy one. Just don't blow smoke up everyone's ass by saying you made a good investment. You didn't.

[El Greco]

I will assume that many of the Forum's members own real estate, house or apartment in Brazil. Given that one realize these values, this compensate in part in the last years of currency changes, and mongering costs.

I choose to give an example, just to explain what I mean :
Since I bought my (very reasonable) house in 2005, the increase of BR$ is about 17 - 20% of my currency from then til today. This amounts to approx. U.S. $ 20,000.

In addition, general inflation, in my area, it has been very pleasant, about 40 - 50% in 4 years. My new neighbors buying houses and apartments are not American or Europeans, they are all essentially the Brazilian.

Given that, in my case, I sell, I am left with a pretty profit to just under U.S. $ 100,000.

I know that the math is not complete, here is interest rates, maintenance and operating costs, and on the other hand, rental income.

In any case, a view of a nice profit in the very intimate setting and the benefits of lovely brazilian ladies.

Photo is from Beira Mar Fortaleza.

Your calculations seem to be accurate. Good for you.
But can you please explain to us what short of taxes you will have to pay and how are you gonna get that money out of the country in case you sell?

Thanks

[Balluba]

I will assume that many of the Forum's members own real estate, house or apartment in Brazil. Given that one realize these values, this compensate in part in the last years of currency changes, and mongering costs.

I choose to give an example, just to explain what I mean :
Since I bought my (very reasonable) house in 2005, the increase of BR$ is about 17 - 20% of my currency from then til today. This amounts to approx. U.S. $ 20,000.

In addition, general inflation, in my area, it has been very pleasant, about 40 - 50% in 4 years. My new neighbors buying houses and apartments are not American or Europeans, they are all essentially the Brazilian.

Given that, in my case, I sell, I am left with a pretty profit to just under U.S. $ 100,000.

I know that the math is not complete, here is interest rates, maintenance and operating costs, and on the other hand, rental income.

In any case, a view of a nice profit in the very intimate setting and the benefits of lovely brazilian ladies.

Photo is from Beira Mar Fortaleza.

[Alex Deuce]

You can't say it to me because in early August I said the same thing as you.

But ... where is Alex Deuce????

Im here licking my wounds. Literally, im in Brazil. What im lickin aint none of ya business. However, i still think the dollar will fall when third quaters gdp is released. But for now, im in search of thin mulatas. Right now im being hounded by a bunch a fat 5 and 6's.

[George90]

Can I say "I told you so" yet?

You can't say it to me because in early August I said the same thing as you.

But ... where is Alex Deuce????

[Jasperhup]

EDITOR'S NOTE: This report was deleted in accordance with the Forum's SPAM policy prohibiting reports containing political commentary. Please read the Forum's Posting Guidelines for further information. Thank You!

[El Greco]

Exec, Interesting. The article was good, except didn't like the part on US stocks. Me thinks they have another couple of legs down before this bear has finished mauling anyone that wants to be in this market.

A couple of months ago I could see the bottom near the 9800 figure.

Last November I told them in the Argentina forum that bottom was around 11300 points and I was correct.

Now I am a little confused for the time being. Let's see.

[Edward M]

They offered 1.70 last night for a dollar. Since this was less than the current bank rate I paid in Reais. Hopefully they will catch up and offer more than the exchange rate next week.

[Exec Talent]

The current rate is 1.74

Site I use is:

http://www.xe.com/ucc/

[Exec Talent]

Exec, Interesting. The article was good, except didn't like the part on US stocks. Me thinks they have another couple of legs down before this bear has finished mauling anyone that wants to be in this market.

I have a number of stocks on watch lists to buy at the right price. Definitely think we have a way to go on the downside.

[Bubba Boy]

Exec, Interesting. The article was good, except didn't like the part on US stocks. Me thinks they have another couple of legs down before this bear has finished mauling anyone that wants to be in this market.

[Exec Talent]

http://articles.moneycentral.msn.com...ars-surge.aspx

[Bubba Boy]

Be nice guys........

[Exec Talent]

Since you have been waiting for about 6 months to say it, sure go ahead you deserve it.

why six months here or there matters to a guy who comes to Rio once every five years but has a need to write about his experiences nearly every day. Enjoying Rio the home game?