Baahahahahaa, I couldn't resist. It's late and I am a bit punchy
On a more serious note....at least compared to above. I get why people, not just here, but all over the world love to buy real estate on the coasts. However, unless it's a short term investment (less then 18-24 months) where you plan to seriously rehab/flip it quick, I would never LT invest anyway on the coast in Chile.
In fact anything within 20K of a coast is a show stopper for me. Chile may do all it can to build EQ resistant structures, but none of that matters when it comes to water. Water is hands down the single most powerful element on earth. A subduction induced tsunami will eat those modern EQ structures for breakfast and have the leftovers for lunch.
Would much prefer to invest farther inland and at higher elevation, generally east of the main 5 highway as a rule of thumb
That being said I think about land investment here in two categories.
1)Urban/Semi-Urban (Probably a no brainer)
I actually think the higher elevations of Eastern Santiago, I.E La Dehesa, El Arrayan, Barnachea....would be smart investments. I would not invest anywhere else in Santiago...dead serious. The eastern/high elevation areas are high enough up that they are generally above the smoggy haze of Santiago proper as well as any subduction tsunami risk or even torrential flooding, you can rent them and/or resell them. You are well away from the congestion of Santiago proper, but still totally accessible. Of course the cost of entry to these areas is higher, but its hard to go wrong in these areas as long as you can afford to invest in them.
Farmland with solid hectarage for crops or livestock. Definitely less up front to get into (compared to #1 above) and I think most if not all agricultural land is property tax exempt (an important consideration). I think some good places, again east of the 5 and at reasonable elevation:
Of course making sure you don't get taken on the deal is quite a bit harder with some rural areas. Lots more pit falls that can make your investment end up pearshaped if you aren't considering every angle.
If you have more time than money, go the inland farmland route. If you have more money than time, go the eastern Santiago route.
If you have plenty of time and money then do both.
That is a 'how long is a piece of string' sort of question. I could spend a pile of time giving a long list, and the reasons for each, and it still would not be very helpful as everyone has their own preferences in real estate.
I quit recommending specific real estate to people a long time ago. Besides, the best properties, and the best places in Chile, I am simply not sharing with anyone; because if it is that good, I would buy it first. Even in those locations, I got a long waiting list of close friends and family looking to buy, and waiting on us to pass along the super secret deals we rejected for our own portfolio of properties. So, my left-overs from real estate hunting to recommend to the general public would probably be something like that swamp land a meter below sea level I seen last year (it was near a nice beach however, and it will definitely be beachfront someday as the sea-level rises).
It is a big country, you need to visit, and hunt from the property. Your not going to find it online. Even something that is theoretically nice on paper, when you visit it, you can see that a few km one way or the other, and sometimes a few meters one way or the other, can be the difference between a good deal vs a dog.
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From USA and outside Chile dial 1-917-727-5985 (U.S.), in Chile dial 65 2 42 1024 or by cell 747 97974.
So you can do even less of your own homework? Even your recent stock market question, I'm pretty sure you can find the answers yourself, I just did and I'm an idiotBargain Hunter wrote:
While AllChile has a little bit of real estate info, the real estate related sub-forum is very underdeveloped considering you are one of the major expat forums for Chile. It would add a lot of value to the forums to have more real estate information and it is perhaps something you should look at developing more.
http://lmgtfy.com/?q=great+investment+d ... 4110%2C000
While I'm speaking for myself, I think some other forum members can hold the similar view.Bargain Hunter wrote:While AllChile has a little bit of real estate info, the real estate related sub-forum is very underdeveloped considering you are one of the major expat forums for Chile. It would add a lot of value to the forums to have more real estate information and it is perhaps something you should look at developing more.
I believe we here don't need this sort of "development" – hundreds of "bargain hunters" bubbling up the market while living overseas and denying locals from buying property.
We need folks who can actually live and contribute to their communities – money, skills, or just a good friendly vibe. Your hawkish attitude (especially towards women, ugh) multiplied by unwillingness to do your own research makes people defensive or outright hostile.
Thanks. :) I feel like most of Southern-born and transplants I know have this attitude. Maybe it's what brings people down here in the first place.Gloria wrote:AWWWWWWWWWW.....music to my ears! I never thought I would agree with you more!! :alien:
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Thanks to all these mediocre looking cold beaches. It doesn't look escaping-from-it-all enough.eeuunikkeiexpat wrote:I still like the fact that Chile never developed the expat promotion / scam / investment / IL / escape artist aura like so many places in Central and northern South America and the Caribe. Of course there was the temporary attention from the Simon Blacks, Galt type retreats, C obin and other quick high cash promoter types and even the repeatable libertarian tragedy that was GG. But they seem to have fallen off the radar in the past couple of years, TG.
You can't take a cool "paradise" photo with a fresh coconut near your laptop – only with a completo and a quiltro pack asking for it.
Also almost no old buildings, everything is made to sustain an earthquake and not for fancy looks. Again – no photos to post online.