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<blockquote data-quote="TheFunto" data-source="post: 124813" data-attributes="member: 5839">I get it, you mean that the real value corrected for inflation could double. I agree. Heck, it could triple, quadruple or just skyrocket 10 fold.The issue is they have been in this hole for 20 years now. Chavez first took power in 1999. No one knows how much longer it may last.For sure, the day the regime crumbles, and private property and the rule of law is re-established, it will be very good for whomever owns property there. Until then there is nothing that guarantees a piece of property you own will not be seized by their corrupt totalitarian state, especially if you are a foreigner investor, as opposed to a local citizen. The current government literally hates foreign investment, unless it comes in the form of allied socialist government subsidized loans, as Lula and Dilma Rousseff from Brazil did repeatedly in the last 2 decades, bankrolling Venezuela's failed regime with brazilian citizens's tax money and political support.That is now gone, which means the only regional support they have now is other failed countries like Bolivia and Cuba. This could speed up their population's revolting back into control. Or not. Just look at North Korea. Argentina has been a mess for 2 decades as well. I would not invest there unless you actually moved into the country, to hold the property you own yourself.In the current state of poverty, there is nothing to stop your property from being claimed by outlaws, homeless and worse, the state itself.</blockquote>

[QUOTE="TheFunto, post: 124813, member: 5839"] I get it, you mean that the real value corrected for inflation could double. I agree. Heck, it could triple, quadruple or just skyrocket 10 fold. The issue is they have been in this hole for 20 years now. Chavez first took power in 1999. No one knows how much longer it may last. For sure, the day the regime crumbles, and private property and the rule of law is re-established, it will be very good for whomever owns property there. Until then there is nothing that guarantees a piece of property you own will not be seized by their corrupt totalitarian state, especially if you are a foreigner investor, as opposed to a local citizen. The current government literally hates foreign investment, unless it comes in the form of allied socialist government subsidized loans, as Lula and Dilma Rousseff from Brazil did repeatedly in the last 2 decades, bankrolling Venezuela's failed regime with brazilian citizens's tax money and political support. That is now gone, which means the only regional support they have now is other failed countries like Bolivia and Cuba. This could speed up their population's revolting back into control. Or not. Just look at North Korea. Argentina has been a mess for 2 decades as well. I would not invest there unless you actually moved into the country, to hold the property you own yourself. In the current state of poverty, there is nothing to stop your property from being claimed by outlaws, homeless and worse, the state itself. [/QUOTE]

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