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Why Are Homes Still EXPENSIVE in Venezuela??? Hyperinflation

 
DragonKiller
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User ID: 75493907
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08/07/2018 07:26 PM
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Why Are Homes Still EXPENSIVE in Venezuela??? Hyperinflation
so according to this thread,

Thread: Venezuela’s Economy CRUMBLES, $1 Can Purchase 924,602 GALLONS of GASOLINE


you can buy a shit ton of gas for a buck, but i went to Venezuela real estate site, and homes are still very very expensive (american dollars)...


shouldnt homes be worth like 100 buxs or some shit?????


what gives

Last Edited by DragonKiller on 08/07/2018 07:27 PM
DragonKiller
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08/07/2018 07:30 PM
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Re: Why Are Homes Still EXPENSIVE in Venezuela??? Hyperinflation
bump
DragonKiller
Spelurker

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08/07/2018 08:21 PM
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Re: Why Are Homes Still EXPENSIVE in Venezuela??? Hyperinflation
I don't know how housing markets work, but I would assume the people there aren't mobile at the moment. Most of them likely have nowhere else to go and no real means to go anywhere anyway, thus no real incentive to sell.
Edmontonian

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08/07/2018 08:28 PM
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Re: Why Are Homes Still EXPENSIVE in Venezuela??? Hyperinflation
They just are not hungry enough yet. Be patient.

Also....the banks own the homes and they still want their money at us prices.
Keilani

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08/07/2018 08:33 PM

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Re: Why Are Homes Still EXPENSIVE in Venezuela??? Hyperinflation
I don't know how housing markets work, but I would assume the people there aren't mobile at the moment. Most of them likely have nowhere else to go and no real means to go anywhere anyway, thus no real incentive to sell.
 Quoting: Spelurker


That and why sell if you aren't going to get anything for it? Their money is worthless there anyways. It's like their whole system is broken, so money almost meaningless to them now.

Another possible issue though, is I have some friends that live here now, but were saying something about "they" were scooping up their old property. I wasn't clear on who the "they" was. My friend said it was a condo, but sounds almost like they're confiscating property.

This could very well be how government is getting their money to survive, by stealing houses from fleeing populations, then getting big US bucks for them....
"If fascism ever comes to America it will come in the form of liberalism." Ronald Reagan, 60 minutes, 1975





GLP