eeuunikkeiexpat wrote:With the apparent speed that the Talca deal was done, I have doubts that all the i's were dotted and t's crossed properly. Could be fun to watch the flames when that one goes down.
I don't know enough about the financing and property transfer to have any comment there. My concerns for a place like that are more that they are not real communities, which grew and developed naturally over time with a decent amount of diversity of incomes, jobs, demographics, etc. The planned bolthole communities more resemble mining boom towns or 1970s hippie communes: designer communities with an expiration date. They are fragile and only sustainable with large inputs of resources. On this point, SB does have some valid ideas- he wants a productive farm to be the key to the success of the development. He's on the right path there, but it will be no guarantee of success as farms are notoriously low margin operations and often times can't even support a family. The cafayate deal in Argentina is big on getting the grape vines to do the heavy lifting- good luck with that.
What's interesting is that the people who buy into these places are oftentimes astute business people. I'm not sure how they manage to figure these places pencil out. Maybe trust funders are big buyers; maybe it's just play money for the wealthy guys. Maybe people you thought were astute business folks were only adept at their own business and relatively clueless otherwise.