Housing market situation

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tiagoabner
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Re: Housing market situation

Post by tiagoabner » Wed Oct 30, 2019 12:42 pm

Baltimore wrote:
Wed Oct 30, 2019 12:27 pm
http://www.diarioestrategia.cl/texto-di ... tributario

451 contribuyentes tienen entre 51 y 100 viviendas

255 contribuyentes tienen entre 101 y 200 viviendas

62 contribuyentes tienen entre 201 y 300 viviendas

40 contribuyentes tienen entre 301 y 400 viviendas

28 contribuyentes tienen entre 401 y 500 viviendas

51 contribuyentes tienen entre 501 y 1.000 viviendas

23 contribuyentes tienen entre 1.000 y 2.000 viviendas y

25 contribuyentes tienen 2.001 y más viviendas

Let's see what comes out of the tax debate that is coming...
51 to 100 isn't too far fetched. A cheap, 1 bedroom rental apartment starts at - say - 2000 UF, or USD $75,000. 20% down payment would be USD $15,000. I can easily see it being feasible for people in the top 5-10% income range to be able to buy a couple of these every year to build a real estate portfolio.

Chileans do like to invest in real estate, and getting to 50+ properties isn't too far fetched on a 10-20 year horizon. Heck, these properties probably pay for themselves after the initial down payment.
I'm NOT your lawyer, accountant or financial planner. All information at this post should be considered for your entertainment only. Consult a professional before making a decision regarding whatever topic was mentioned in this post.

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Re: Housing market situation

Post by admin » Wed Oct 30, 2019 1:46 pm

tiagoabner wrote:
Wed Oct 30, 2019 12:42 pm
Baltimore wrote:
Wed Oct 30, 2019 12:27 pm
http://www.diarioestrategia.cl/texto-di ... tributario

451 contribuyentes tienen entre 51 y 100 viviendas

255 contribuyentes tienen entre 101 y 200 viviendas

62 contribuyentes tienen entre 201 y 300 viviendas

40 contribuyentes tienen entre 301 y 400 viviendas

28 contribuyentes tienen entre 401 y 500 viviendas

51 contribuyentes tienen entre 501 y 1.000 viviendas

23 contribuyentes tienen entre 1.000 y 2.000 viviendas y

25 contribuyentes tienen 2.001 y más viviendas

Let's see what comes out of the tax debate that is coming...
51 to 100 isn't too far fetched. A cheap, 1 bedroom rental apartment starts at - say - 2000 UF, or USD $75,000. 20% down payment would be USD $15,000. I can easily see it being feasible for people in the top 5-10% income range to be able to buy a couple of these every year to build a real estate portfolio.

Chileans do like to invest in real estate, and getting to 50+ properties isn't too far fetched on a 10-20 year horizon. Heck, these properties probably pay for themselves after the initial down payment.
that whole article makes no sense. there are hundreds of real estate development companies that own massive tracks of homes and apartments, just as part of their standard stock of houses for instance. there are others that hold a big portions in their rental portfolio, like RIETs do in the United states.
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