Chile Wealth, Inequality, and International rankings

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Re: Chile Wealth, Inequality, and International rankings

Post by admin » Tue Jan 08, 2019 7:38 pm

seen some further stats regarding cars.

1 million used cars sold in 2018

so, 1,500,000 vehicals sold

considering auto sales takened in almost every other country in the world, that is pretty impressive.
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Re: Chile Wealth, Inequality, and International rankings

Post by Space Cat » Thu Jan 10, 2019 11:29 am

admin wrote:
Tue Jan 08, 2019 1:32 pm
los rios had a 48% increase in new car purchases? what the hell are they doing in los rios?
I'm still puzzled where all this money is coming from. Valdivia has transformed a lot in the last 4 years. When we arrived, 30-40% of the stores and restaurants were not present (especially the ones with fancy "globalized" food). I ordered a PC from Santiago because we didn't have any electronics store beyond overpriced Falabella and Ripley in the mall. Now there's not only a PC Factory but also Reif — Apple's reseller. And a second mall is being constructed.

The region still has no significant industries (it's one of the top-3 poorest in the country). The city still has no income beyond students and tourists. But I keep seeing more and more really expensive cars (especially SUVs) on the roads, the ones you usually see in Las Condes.

The only possible explanation is the number of Santiago transplants I keep encountering. Valdivia just was selected as the best city to live in Chile, so probably even more are coming.

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Re: Chile Wealth, Inequality, and International rankings

Post by admin » Thu Jan 10, 2019 2:10 pm

well, as a fairly new region, with a relatively small pop, the goverment money gets spread pretty thick. that university also has some fairly fat paychecks associated with it. don't under estimate the forestry and agro industry. they are sort of out of site out of mind, but have some coins in the pocket.
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Re: Chile Wealth, Inequality, and International rankings

Post by admin » Thu Jan 10, 2019 4:26 pm

here is another head scratcher set of stats regarding americans and their wealth:

https://www.zerohedge.com/news/2019-01- ... s-affected

78% of the country is living pay check to pay check, 70% of those say they are in debt; but, somehow it is still a wealthy developed country?
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Re: Chile Wealth, Inequality, and International rankings

Post by admin » Thu Jan 10, 2019 4:28 pm

the other thing with Valdivia is the price of forestry products exported from chile have been doing realy well this year, and a lot of things like osb, chip board, etc comes from there.
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Re: Chile Wealth, Inequality, and International rankings

Post by admin » Sun Jan 13, 2019 8:52 am

well, finaly a international ranking showing chile's debt to gdp accuratly at 24%.

this is a great visual map showing all countries around the world's debt:

https://www.visualcapitalist.com/visual ... ment-debt/
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Re: Chile Wealth, Inequality, and International rankings

Post by admin » Thu Jan 17, 2019 4:40 pm

so, over 50% of the houses / apartments sold in santigo are over 3000 UF, or about $120,000 u.s.


https://www.df.cl/noticias/empresas/inf ... 34111.html

and sales increased 10%
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Re: Chile Wealth, Inequality, and International rankings

Post by admin » Thu Jan 17, 2019 4:48 pm

another article on the housing market:

https://www.latercera.com/pulso/noticia ... za/489352/

you simply don't get housing market like that unless there is a lot money sloshing around a strong middle class.
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Re: Chile Wealth, Inequality, and International rankings

Post by admin » Wed Jan 23, 2019 10:01 am

somewhere back around the 2008 housing bubble crash, i said somwthing like americas middle class was never coming back. too much of their wealth, purchasing power, credit was tied up in their houses to ever recover in this generation from such a shock.

the goverment shutdown has made this precariousness state of the united states very obvious:

https://www.marketwatch.com/story/gover ... op_stories
How far can families go if one or two income earners lose their jobs? With nearly 60% of Americans having less than $1,000 in savings and the next 15% having less than $5,000, I submit: Not very far.
with 80% living pay check to pay check, i guess that is how the u.s. keeps it's "inequality" spread so low.

in less than ten years, chile's medium wealth will easily surpass the united states; even if on paper the medium income does not. this is assuming it has not already (again depending how you count the chickens).

that is the staus of wealth with the "greatest economy ever" bla, bla, bla going on.

an even moderate recession in the united states, would be the last nail in the coffin for a middle class that is rappidly sliding down the rabbit hole of poverty (again, depends on what you call the 'middle').

problem with poverty is we now know you don't come back from it very easily.

I am very much starting to think it will be very suprising if the u.s. does not end-up in some sort of civil war by 2030 or so. there is no buffer or capacity in that system to take another financial hit to the economy, and we all know what follows when a majority of the population in a country is not just poorer, but hungry.

but oxfam says this year the 26 richest people now have as much as the other 50% of the global population, down from 43 last time. that is a seriously stark concentration of wealth, and inequality.

yet, chile has an inequality problem? chile is one of the most unequal countries in the world?
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Re: Chile Wealth, Inequality, and International rankings

Post by admin » Fri Jan 25, 2019 9:17 am

well here is a survey of poverty and education among foriegners in chile, for what it is worth.

https://www.df.cl/noticias/economia-y-p ... 81519.html

now i can think of about million ways that study tells us little or nothing, and i have to doubt their conclusions.

the big one is that they consider foriegners poor, if they don't own a house. likewise looks like any foriegner not officialy being paid by a chilean source is somehow poor. i have hundreds of clients that would look as poor as any haiten laborer on paper, and most them rent at least when they first arrive. many rent for years simply because they dont want to buy.

it is not even clear how they gathered this information. as far as i know they sure did not reach out to anyone i know in the expat community. most they would probably not even be able to find.
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Re: Chile Wealth, Inequality, and International rankings

Post by PXYC » Sun Jan 27, 2019 9:12 pm

admin wrote:
Sun Jan 13, 2019 8:52 am
well, finaly a international ranking showing chile's debt to gdp accuratly at 24%.

this is a great visual map showing all countries around the world's debt:

https ://www .visualcapitalist com/visualizing-the-snowball-of-government-debt/
would expect to see Argentina with a lot more % debt :o

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Re: Chile Wealth, Inequality, and International rankings

Post by 41southchile » Sun Jan 27, 2019 10:42 pm

admin wrote:
Fri Jan 25, 2019 9:17 am
well here is a survey of poverty and education among foriegners in chile, for what it is worth.

https://www.df.cl/noticias/economia-y-p ... 81519.html

now i can think of about million ways that study tells us little or nothing, and i have to doubt their conclusions.

the big one is that they consider foriegners poor, if they don't own a house. likewise looks like any foriegner not officialy being paid by a chilean source is somehow poor. i have hundreds of clients that would look as poor as any haiten laborer on paper, and most them rent at least when they first arrive. many rent for years simply because they dont want to buy.

it is not even clear how they gathered this information. as far as i know they sure did not reach out to anyone i know in the expat community. most they would probably not even be able to find.
Yeah statistics are great they can be bent and shaped anyway you want by omiting some pieces of the picture or manipulated depending on who is issuing them and their agenda , 10 foreigners have 10 house between them but 2 have 5 each and the other 8 have none but on average they all have a house.
One statistic that caught my eye at the start though was Chile still only has 4.4 percent it's population born outside Chile in 2017? That is Literally nothing, or is the real figure higher than that? The only country I can think of off hand that would have a lower percentage than that would be Japan , or no, probably China .
If Chile didnt have that 4.4 percent, would there be a boom in fruit exports going on at the moment? Yeah there is some shitty immigrants, but the country wouldn't be growing on the back of all this needed labour , because there are plenty here that are wanting to work and doing a good job. What are the Chileans going to go out and do it ? They all want to live in the cities and play on their phones and social media all day, just like any other developed country, not enough rural folk left to get the export dollars flowing and keep the rural sector competitive, it is what it is.
In the Lakes Region Chile for 6 years. It looks like New Zealand in some ways, and is nearly at the bottom of the world too, but there the similarities end.

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