real estate

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41southchile
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Re: real estate

Post by 41southchile » Thu Oct 08, 2020 12:01 pm

fraggle092 wrote:
Thu Oct 08, 2020 11:26 am

My guess is that the Black Economy is much larger than is generally admitted, and I know a lot of small businesses that work cash-only.
I think thats a big part of it too, so much stuff goes under the radar, and not exclusive to small businesses either
“Facts do not cease to exist because they are ignored.”

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41southchile
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Re: real estate

Post by 41southchile » Thu Oct 08, 2020 12:12 pm

hlf2888 wrote:
Thu Oct 08, 2020 11:08 am
Maybe the concept of land value has evolved slower in Chile than in other countries. At least away from the megacities. After the big quake of 2010 for example. A lot of the rural people were living in adobe houses which were badly damaged by the quake. The government offered them new houses in town which most accepted. A house in town was considered a step up in the social ladder. Their land with the rubble of their homes was not perceived as that valuable and was probably sold under value to the rich.
Yeah, I think you are right, and probably even predates the 2010 quake , the urban drift from the 70s meant many left rural areas too. Wealthy neighbors offered to take it off their hands or they left the land to the remaining brother etc.
I know people that own a few hectares or whatever but often its tied up with family inherantence issues. In the local village near me theres only 3 or 4 houses that actually have property title's, the rest , about 80 houses, are in total disarray and there's no paperwork. The value of the land cant be realized if its impossible to sell, or even used as a guarantee, so technically cant be considered an asset can it?
“Facts do not cease to exist because they are ignored.”

for31
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Re: real estate

Post by for31 » Thu Oct 08, 2020 12:13 pm

admin wrote:
Wed Oct 07, 2020 9:06 pm
This thread pretty much covers it:
Thanks a lot ! A very insightful read :D

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hlf2888
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Re: real estate

Post by hlf2888 » Thu Oct 08, 2020 2:12 pm

41southchile wrote:
Thu Oct 08, 2020 11:57 am
hlf2888 wrote:
Thu Oct 08, 2020 11:08 am


And realtors, what a disappointment. No licensing, no regulation, no insurance. Highly unprofessional, they don't even want to give an estimate without a guarantee of a listing. Quite different from NA. It is the Wild West in many ways.
Hmmm, Yeah, thats putting it mildly/politely, I think my description of them may have been a bit more critical 🤔.
I was trying to be diplomatic lol. lets hear your description ;-)

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41southchile
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Re: real estate

Post by 41southchile » Thu Oct 08, 2020 4:31 pm

hlf2888 wrote:
Thu Oct 08, 2020 2:12 pm
41southchile wrote:
Thu Oct 08, 2020 11:57 am
hlf2888 wrote:
Thu Oct 08, 2020 11:08 am


And realtors, what a disappointment. No licensing, no regulation, no insurance. Highly unprofessional, they don't even want to give an estimate without a guarantee of a listing. Quite different from NA. It is the Wild West in many ways.
Hmmm, Yeah, thats putting it mildly/politely, I think my description of them may have been a bit more critical 🤔.
I was trying to be diplomatic lol. lets hear your description ;-)
Lol I thought you must have been.
“Facts do not cease to exist because they are ignored.”

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nwdiver
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Re: real estate

Post by nwdiver » Thu Oct 08, 2020 9:06 pm

The other reason there are many smaller plots all over, is the reassignment during the early 70 when many large farms were split up into 7 hectare lots and redistributed, of course these lots were not viable and many people abandoned them..... later they were repurchased and amalgamated into larger properties, but many remain.....
It's all about the wine.

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