Keynesian Central Bank Craziness Causing Insane Asset Bubbles In Real Estate

Keynesian Central Bank Craziness Causing Insane Asset Bubbles In Real Estate

Posted on May 5, 2015 by Jeff Berwick — No Comments ↓

And they say there is no inflation!

When you begin pricing condominiums in the fractions-of-a-billion dollars I think its safe to say there is a lot of inflation!

We’re not saying it isn’t incredibly nice, but it better be for over nearly half-a-billion dollars! Yes, this penthouse in Monaco is on offer for $400 million:

A bit out of your price range? Don’t worry, all the other units in the building are in the affordable $100 million range.

Property bubbles are popping up all over the place after seven years of Quantitative Easing. Hong Kong, Los Angeles, New York, Vancouver and London are just a few places where you can barely get a small bachelor pad flat for under $1 million.

As just one example, here is an 837 square foot, one bedroom, one bathroom condo in San Francisco available for only $929,000!

A little too small for your needs? You can get this 1,050 square foot shack in Buena Vista, California, for only $1.1 million!

That condo can even be managed and rented out for a good ROI if you aren’t there all the time. Or you can own it as an investment property in a self-directed IRA as well.

If you are more in the market for a house, compare this six room villa in Acapulco for $1.3 million compared to that shack in California for $1.1 million.

It has its own maid, chef and bartending staff if you so choose who can serve you poolside at the bar. All of the staff cost, on average, $15/day, so for far less than what you would pay in property taxes in the US you can live like a king.

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To be fair, though, even though that villa can be bought for $1.3 million due to the seller needing to sell, it is probably worth $2-3 million. But it just shows you the opportunities in Acapulco to live like a king whereas, for about the same amount of money in places like California, you live in a shack by the pawn shop. (You can see more photos of that villa here)

Of course, in Latin America, there are numerous other options. There are countless beautiful cities and pueblos in Mexico. Other places currently offering amazing value for property include Nicaragua and one of my current favorites, Colombia.

In Asia, I have been beating the drum on opportunities in Cambodia where business and property prices have nearly increased 10-fold since I first told TDV subscribers it is an incredible opportunity in 2010… but it is still very cheap.

TDV newsletter subscribers (subscribe here) get access to TDV Groups ( which has hundreds of subscribers, around the world, who have expatriated and made a life for themselves and they are happy to tell you about opportunities or real estate in their region. I highly advise anyone looking to connect with liberty-minded expats to utilize this great resource.

This coming collapse will change everything and your government registered financial advisor likely doesn’t even know it is coming much less knows how to help you internationalize your assets. Stick with us here at TDV as your trusted source to surviving and prospering, during and after the dollar collapse.

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