If I was in a position to, I would be on the sidelines waiting for their bonds to crash. Then buy everything in sight for pennies on the dollar. Or real, as the case may be.
I hear the Olympic guys rowing boats are getting sick, physically sick, because of the unbelievable pollution in the water. Rousseff’s really done a bang up job down there; is she trying to be another 0bama?
First, we hear this before every summer Olympics....Greece, China....Brazil. I will not let the press lead me around. I was just there and the beaches and water are fantastic. Is there pollution? Of course....these are urban areas.
Second, Dilma Rousseff is a communist.....do you think she knows how to run a capitalist economy? Brazil is mired in corruption, kickbacks and crime. The good news is that the younger generations are rejecting this and looking to have real ethics for business and government.
The laws are dead set against you when buying property in Brazil. A tenant can basically claim ownership after a certain period of a rental property. Americans in particular, unless on site, would find property management a challenge during good times. If you have family in Brazil it’s a different story but again, you have be to be very careful about who you rent to and for how long. Don’t go for “its the same as it is here” stuff. This is based in nightmares I’ve heard from Brasilians. Research carefully...cheers!
One of the things I remember from my visiting days was that in Rio, the favelas basically let raw, untreated sewage flow right down into the waters by Ipanema. The locals would still go swimming but it was well known that this was the norm.