Search found 561 matches

by at46
Sat Oct 06, 2018 6:44 pm
Forum: Chile Real Estate, Property, and Construction
Topic: Housing market situation
Replies: 101
Views: 8321

Re: Housing market situation

Higher property values mean higher property taxes - and everybody's happy, right? While higher taxes on rental income mean higher rents, and that's only going to play well among socialists, and who wants that? Whatever. Anyway, the trend here has been to try to increase revenue over the years in or...
by at46
Sat Oct 06, 2018 2:05 pm
Forum: Chile Investment, business, and Money Issues
Topic: Opening A Bank Account
Replies: 142
Views: 28661

Re: Opening A Bank Account

Is it easier to get a current account here in my situation, or a mortgage? Same, same as they say in Thailand. Just get out there and start knocking on some doors. On the one hand, a mortgage is a much greater risk amount for the bank; on the other hand a foreigner cannot run away with a house as e...
by at46
Sat Oct 06, 2018 1:54 pm
Forum: Chile Real Estate, Property, and Construction
Topic: Housing market situation
Replies: 101
Views: 8321

Re: Housing market situation

But for the same price I can get two small rentals that'll pay for themselves in 20 years time Sooner or later the SII are going to turn their attention to income from rental property. Hey, don't give anybody any ideas, eh? :) Seriously though, I haven't seen much of an increase in rents over the l...
by at46
Sat Oct 06, 2018 1:43 pm
Forum: Chile Real Estate, Property, and Construction
Topic: Housing market situation
Replies: 101
Views: 8321

Re: Housing market situation

People seem to ignore the effects of a Valpo megaquake... In the end one's choice/free will/etc. Two meters of water falling on the roof of your cardboard house in Vancouver each year wash away your hard earned money just as surely as a big earthquake would here in Chile. Actually, having experienc...
by at46
Fri Oct 05, 2018 10:27 pm
Forum: Chile Real Estate, Property, and Construction
Topic: Housing market situation
Replies: 101
Views: 8321

Re: Housing market situation

convinced the prices were inflated. Since then prices has gone up anyway. Yes, it might be a bubble, but if you buy to live long-term, then I would still prefer to pay off a mortgage compared to paying rent. And buying in high-demand areas as Las Condes / Vitacura normally are the least affected by...
by at46
Fri Oct 05, 2018 7:02 pm
Forum: Chile Real Estate, Property, and Construction
Topic: Housing market situation
Replies: 101
Views: 8321

Re: Housing market situation

Pinera seems to be pretty committed to the Chinese, and that's a good thing. If Santiago were cleaned up a bit, and if the government were to sponsor some sort of Chile promotional campaign in China, they could take the sector oriente into the stratosphere. How many times did you hear the word Chine...
by at46
Wed Oct 03, 2018 9:47 pm
Forum: Chile Investment, business, and Money Issues
Topic: Opening A Bank Account
Replies: 142
Views: 28661

Re: Opening A Bank Account

If you've been a permanent resident for some years (around five I think) you don't need a current account to qualify for a mortgage, just the 20% pie (for example, in a fondo mutuo). Some banks will open one for you anyway when they approve the mortgage. I don't actually see any point in having a cu...
by at46
Wed Oct 03, 2018 5:56 pm
Forum: Chile Real Estate, Property, and Construction
Topic: Housing market situation
Replies: 101
Views: 8321

Re: Housing market situation

There are two distinctly different markets we're talking about here. The millionaires market, where the average Westerner can forget about buying but enjoy renting, for now. And the average Chilean market, where you can find a rental property that'll completely cover your mortgage and other costs an...
by at46
Wed Oct 03, 2018 12:17 pm
Forum: Chile Real Estate, Property, and Construction
Topic: Housing market situation
Replies: 101
Views: 8321

Re: Housing market situation

The number of dollar millionaires in Chile rose from 5K in 2007 to 57K in 2017, according to Credit Swisse. Unfortunately, there's no breakdown of house rich versus cash rich among them. But they're all in Santiago. And if you're sitting on a good chunk of equity, you can mortgage it to buy more. S...
by at46
Wed Oct 03, 2018 12:00 pm
Forum: Legal Issues
Topic: Buying a car with an expired carnet
Replies: 6
Views: 697

Re: Buying a car with an expired carnet

I've been trying to find a way to print a form off the sii site thay shows my name and rut without an expiration date, just to be safe. I tried doing the verify e-rut but it asks for a serial number on the document plus the rut, but nothing on my Carnet seems to be a valid serial number for the e-r...
by at46
Wed Oct 03, 2018 11:34 am
Forum: Legal Issues
Topic: New requirement for a "residence certificate" for temporary residency?
Replies: 10
Views: 982

Re: New requirement for a "residence certificate" for temporary residency?

My family are renewing our temporary residency, and we were told at the immigration office that we now (as of a few weeks ago) need to obtain a "residence certificate" to be able to renew the temporary residency Has anyone heard of this or encountered it? I am not even sure were to go to get this o...
by at46
Wed Oct 03, 2018 11:25 am
Forum: Chile Real Estate, Property, and Construction
Topic: Housing market situation
Replies: 101
Views: 8321

Re: Housing market situation

One thing that amazes me about Chile is just how big of an exporter of everything it is. I don't know if there's another country out there that sells so many goodies all over the world while being itself a small humilde place with just a few decent comunas in Santiago to live in. Unless they make mo...