Search found 52 matches

by Baltimore
Tue Mar 10, 2020 4:27 pm
Forum: Chile Real Estate, Property, and Construction
Topic: Does Chile Property Price Bubble?
Replies: 21
Views: 4322

Re: Does Chile Property Price Bubble?

https://www.elmercurio.com/Inversiones/Noticias/Analisis/2020/03/09/Grandes-fondos-inmobiliarios-caen-hasta-40-tras-crisis-y-no-preven-pronto-repunte.aspx “Aquí no había un golpe fuerte a la economía desde el año 82’: mucha gente pensaba comprar varias propiedades, porque creían que esto iba a subir...
by Baltimore
Thu Feb 27, 2020 10:49 am
Forum: Chile Real Estate, Property, and Construction
Topic: Does Chile Property Price Bubble?
Replies: 21
Views: 4322

Re: Does Chile Property Price Bubble?

Now, what I find very particular of Chile market is the price cost to rent ratio, which is pretty low, you need to wait a few generous years so that inflation works your way - on other countries it starts working on your favor almost as soon as you buy it. Comparing it with the rest of the world, w...
by Baltimore
Tue Feb 25, 2020 3:20 pm
Forum: Chile Real Estate, Property, and Construction
Topic: Does Chile Property Price Bubble?
Replies: 21
Views: 4322

Re: Does Chile Property Price Bubble?

I forgot to add one more thing, if you want to invest in real estate in Chile you don't really need to buy a property, there are investment funds available. However, they have not performed very well lately https://www.elmercurio.com/Inversiones/Noticias/Analisis/2019/09/24/Los-planes-de-Independenc...
by Baltimore
Tue Feb 25, 2020 3:13 pm
Forum: Chile Real Estate, Property, and Construction
Topic: Does Chile Property Price Bubble?
Replies: 21
Views: 4322

Re: Does Chile Property Price Bubble?

Hard to say in terms of the whole real estate market in the country, I think it is more of a bunch of local markets. As others have mentioned it, there are long threads of discussion on the topic. Here are my main opinions about it: 1) Chileans love real estate, buying a house or a piece of land is ...
by Baltimore
Fri Nov 15, 2019 11:17 am
Forum: Chile Crisis, Emergencies, Disasters
Topic: Pesos and Protests
Replies: 263
Views: 16103

Re: Pesos and Protests

Good deals out there if you have the cash, also look for bonds, yesterday they lost almost 12% after the "wizard" of Felices & Forrados told people to switch from Fondo E to Fondo A, pure panic, no change in underlying conditions...
by Baltimore
Thu Nov 14, 2019 7:17 pm
Forum: Chile Real Estate, Property, and Construction
Topic: Housing market situation
Replies: 484
Views: 41960

Re: Housing market situation

Independencia Rentas Inmobiliarias
Screen Shot 2019-11-14 at 1.38.07 PM.png
43% drop so far, from 2.634 to 1.501 today...ouch!
by Baltimore
Tue Nov 12, 2019 8:02 pm
Forum: Chile Real Estate, Property, and Construction
Topic: Housing market situation
Replies: 484
Views: 41960

Re: Housing market situation

Very good point, the 30% drop is a loss in profitability and not necessarily a 30% drop in property prices. My bad, that 30% number might not have anything to do with the estimate of overvaluation of property prices we came up with. Most properties in the portfolio are for rental though, so it is st...
by Baltimore
Tue Nov 12, 2019 6:47 pm
Forum: Chile Real Estate, Property, and Construction
Topic: Housing market situation
Replies: 484
Views: 41960

Re: Housing market situation

They have a portfolio of properties all over Chile, including some in the US. If the fund is 30% down, that means that some individual valuations might be down way more than 30%. I'm really curious about that number, 30%. Me and a group of friends from all over the world that work in hedge funds in ...
by Baltimore
Tue Nov 12, 2019 3:25 pm
Forum: Chile Real Estate, Property, and Construction
Topic: Housing market situation
Replies: 484
Views: 41960

Re: Housing market situation

Fondo Independencia Rentas Inmobiliarias nearly 30% down from the beginning of the crisis:

http://www.independencia-sa.cl/renta/indepen02
by Baltimore
Tue Nov 12, 2019 12:32 pm
Forum: Chile Crisis, Emergencies, Disasters
Topic: Pesos and Protests
Replies: 263
Views: 16103

Re: Pesos and Protests

It went up to 800 and dropped 15 clp in just 4 min
by Baltimore
Fri Nov 01, 2019 4:08 pm
Forum: Chile Crisis, Emergencies, Disasters
Topic: Pesos and Protests
Replies: 263
Views: 16103

Re: Pesos and Protests

Yeap, the Central Bank has nearly 100 billion USD in reserves, not sure they would let the peso lose much more value without intervention.