Investing In Real Estate?
I keep coming back to the idea of investing in real estate as a great way to get a decent return on investment. I remember the quote by Will Rogers that said invest in land, they ain’t making any more of it. I have to agree with that. Land will become scarcer and scarcer as time goes on and as it becomes scarcer then the price has to go up.
This is why I am looking around the world for places to find good real estate, as I mentioned earlier. I think international real estate represents a unique buying opportunity. My first report is going to be on real estate in Argentina. I am just getting report all prepared now. There are huge tracts of land available there cheaply.
Argentina Farmers Protest Taxes
I was reading today that farmers in Argentina are up in arms over new export taxes. These export taxes only affect the food products that are exported. Foods that remain in the country do not have these taxes. In effect, it’s a way to make it more financially advantageous to sell food locally and that keeps inflation down.
In a normal market, this could be atrocious, but we are not in a normal market. Commodity prices around the world have soared and farmers have likewise seen their income increase. I think it’s perfectly acceptable for a country to make a decision that feeding its own people at a reasonable price is more important than having some farmers make windfall profits.
Just my opinion.