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Bob Warner
New member
Username: Ltlredwagon

Post Number: 1
Registered: 3-2009
Posted on Tuesday, March 31, 2009 - 3:01 pm:   Edit PostPrint Post

I'm seeking historical information on what happens in the real estate market (homes, residential income property, commercial property) during hyperinflationary times and the run-up to such times such as occurred in Argentina, Brazil, Bolivia, etc. My wife and I have a small business and have a few income properties and are just looking to be smart and help others be smart in these unusual times we are now all experiencing in the U.S.. I'm looking for hard data on what actually happened values, liquidity, mortgages, rental/lease income, foreclosures, etc.. I would like to learn from those who went through it, whether they did well, "survived" or suffered, and what they learned, what they would have done differently. I'm guessing most U.S. citizens (and all political officials) are as good at whistling past the graveyard as those in other countries and won't spot the problems until it is too late. I'd rather be prepared. Can anyone refer me to sources of such information?
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Bob Frassinetti
Member
Username: Frassinetti

Post Number: 70
Registered: 1-2005


Posted on Wednesday, April 01, 2009 - 10:59 am:   Edit PostPrint Post

Yes, I remember the crises 2001, here in Argentina, it痴 one of the frequent and continuing occurrences of economic waves, its ups and downs, so, as to what I would have done, in all the crises I lived through if I had been thoughtful I would have SOLD EVERYTHIG, to SELL all properties when they where HIGH or are still High, as well as all my ANIQUES and ART and most of all shares and Wall Street type investments,.. turn them into GOLD, as now not even the Euro or USD Dollar will hold up,.

Prices in the supermarkets would change from morning to afternoon, money was only worth something to nearly nothing, prices of the Apartments dropped daily as the Peso dropped, no one was able to sell, companies just closed there doors, and people where left out of work, selling anything they had for a bag of food at the supermarket as that痴 where the cash was used,.. and I would move to some out of the way village or small town, where I could survive exchanging goods with the neighbors for food,.. second hand items, like fridges, cycles, etc become a BIG market, as they are assessable for less than the new ones,. As well as buying JEWLEARY!

Doomsday!

Meantime, ...............

Read daily Up Dates on Art and Antiques for Buenos Aires, Argentina http://www.frassinetti.biz
Argentina also exports antiques over 100 years old with the help of Bob Frassinetti Read all about the South of South Amerca, Argentina, chile and Uruguay on this link.

Updated and new web site, The Buenos Aires Toy Museum, Argentina


Chat some more soon, ................................ Bob Frassinetti.

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