Brazil housing surge raises fears of bubble

[viniciusb]

Unfortunately, people in Brazil will lose a lot of money. The market is way overvalued, even in small towns outside Rio and Sao Paulo. I'm telling everyone in Brazil to sell their properties right after the World Cup or even before then in certain cases.

[MsAlqamar]

Im a realtor in the USA. Why do people tend to believe that horrid things can happen to everyone but themselves? I wish for nothing but Allah's blessings on Brazil. But I pray that they will learn from Babylon's (America) mistakes, and not repeat them....

[lovetohate028]

@mrkjsmooth23 1st, where did you get 100 million? I'd like to see a source. 2nd, Do you have the SLIGHTEST idea of the violence in Africa CAUSED by blacks? you've never heard of the Diamond cartels in West Africa, the genocides in Central Africa, any of it? Hell, when former slaves from America went to Liberia, do you know what they did? they ENSLAVED the natives, under the same plantation system they were put through. 3rd, what do Iraq and Afghanistan have to do with blacks?

[KawaiiDesuNekoBCSK]

@mrkjsmooth23 "Black people aren't violent"

Explain how every location niggers infest(Such as Haiti and cities in the United States) invariably turn into shitholes.

[lovetohate028]

@mrkjsmooth23 so Black people=Violence and turmoil?

[KawaiiDesuNekoBCSK]

@lovetohate028 Niggers+Jews=Bad news.

[lovetohate028]

@KawaiiDesuNekoBCSK :O

[KawaiiDesuNekoBCSK]

@lovetohate028 Why'd you censor your name? :(

[lovetohate028]

@KawaiiDesuNekoBCSK I dont exactly know

[intuitiveexplorer]

Obama wants to know if his broke ass can borrow some money from Brazil.

[sqekcx]

god housing is a universal problem.

[Meathead36]

Can you say realestate bubble?

[lovetohate028]

@mrkjsmooth23 lol Zimbabwe 

[neverfearchrisishere]

$120000 for a studio in Rio rofl. That price has no serious relation to either the ability to earn within the city nor the intrinsic value of the property.

[cdltpx]

Folks the rich are bailing out of the nations they have pillaged and think they can find refuge in these nations. They will be found and hunted like NAZI war criminals. They orchestrated this NWO but will soon find they only set up NWDisorder.

[danmarino1970]

another market that will blow up right in their faces... banks who make the mortgages win win either way.

[rogerpenna]

@danmarino1970

there are no mortgages in Brazil. Thats the difference.

houses and condos are paid in only 2-4 years at most.

[danmarino1970]

@rogerpenna

i didn't know that.. awesome.. i wish the best to those who seek progress.. hopefully by doing it the right way.. without exploiting the earth or harming others. be well.

[viniciusb]

@rogerpenna Wow, you're either ignorant or you're lying for whatever reason. Of course there are mortgages in Brazil, 10,15 even 30 year mortgages.

[rogerpenna]

@viniciusb

there are "virtually" no mortgages in Brazil. Thats because the creditor has few garantees, since brazilian law gives preference to worker and tax credits.

therefore, mortgages are never used, in favor of the "alienação fiduciária". (which I know no translation to english)

[rctube1958]

The real estate scam won't end until the whole world falls prey to it.

[eidius1989]

Best quality EVA

[RafaelFernandeSantos]

One should have in mind that housing credit is but small fraction of GDP and total consumer credit. Costs are surging mainly as a result of land shortages and weak supply, as seen in small vacancy rates. Al Jazeera is looking more like the Financial Times by engaging in this sort of speculation.

[TheTruth006]

So much for the Olympics.I bet their going to regret that decision soon.

[BMWg84]

It's never a bubble until it bursts. lol

[soccerdude601]

The same will happen to them if they don't watch it.

[filipechannel]

this is a really bad news because is becoming more difficult for the locals to aquire a house .