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I buy a yacht. A nice relatively new 40' one should run less than 200K, which combined with slip fees, maintenance, etc. should be far less than whatever the market climbs to. Speaking of which, anyone here sail?
I have great faith in the ability of the masses to screw up, and in the ability of a few to Do What's Right. Oh, wait, I'm supposed to toss logic/experience/etc. Never mind then...
In theory, nominally it could happen. That means everyone will get paid 1M US peso a year (6.6 Peso Hahas, known as PaHa). Then perhaps we will enter a period of permanent plateau where the average house value of the United States of Latin America will cost around 20 Pahas.
Now, the problem is, how do we deal with the Latin Americanization part that happens as the dollar devalues to peso? If you can survive some random gunshots, robbery, riots, $50/gallon gas, food outage, etc. then I guess we will collectively arrive at the $3M-US peso-home-for-everyone Utopia.
I would go into the used RV and RV park business. Only way for the under 30 set to *own* anything in California.
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Okay, let's just disregard all the knowledge of economics, history, logic, etc.
So what if the market does exactly what David "Lerah" Lereah said it would do and continue to go up?
astrid