And it feels goooooood!

Feb 28, 2016 12:21 AM

ImBrewEr

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And it feels goooooood!

Some background story. I moved to Ireland from Brazil with my parents when I was 14 years of age. I started working as a waiter on weekends and, after a few years, I had saved €7k. Used €2k to travel around South America and an opportunity presented itself: Buy some land. Brazil wasn't doing so well, so for the remaining €5k, I managed to buy 3 x 200m2 plots of land. I kind of just left them there, as I had no money to develop them (I was 19 when I bought them)

Brazil economic boom came and went, price of real estate shot through the roof. My plots increased around 13x in price since then.

I returned to Ireland that summer, studied, did a whole bunch of things and, as if this was meant to be, got offered a really good job in Brazil, to start in July. I made an offer to a local real estate developer, who had an apartment in Sao Paulo, to exchange my plots for one of his apartments + €6k (R$27k), and he accepted!

Now, returning to Brazil with no mortgage, some money in the bank and a cool job! Times are good!

I could have spent that money, as most of my friends who worked with me did, and decided to risk it... it paid off!

It takes luck and being at the right place, at the right time for something like that to happen!

TL;DR: Made an smart investments, now I own an apartment.

memes

awesome

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[deleted]

10 years ago (deleted Feb 28, 2016 12:06 PM) | Likes 0 Dislikes 0

Glad you realize the right price right time thing! Also good job seeing the opportunity though!

10 years ago | Likes 2 Dislikes 1

Land is usually a good investment, they're not making it anymore.

10 years ago | Likes 2 Dislikes 0

There's something wrong with your 'C' button.

10 years ago | Likes 1 Dislikes 0

Parabens!

10 years ago | Likes 2 Dislikes 2

This land is worth over 7,000 schmeckles

10 years ago | Likes 3 Dislikes 0

6 is a higher number than 5... Congrats on your success!!

10 years ago | Likes 1 Dislikes 0

Fair play to you man!

9 years ago | Likes 1 Dislikes 0

Ôtimo!

10 years ago | Likes 2 Dislikes 0

So basically you're a lucky bastard who made a good choice. Good on you, OP :-)

10 years ago | Likes 2 Dislikes 0

That's indeed what I am!!

10 years ago | Likes 2 Dislikes 0

This is the first time I've ever seen capitalism benefit someone.

10 years ago | Likes 2 Dislikes 0

How's that Zika treating ya?

10 years ago | Likes 1 Dislikes 0

Still abroad, haven't gone there...

10 years ago | Likes 1 Dislikes 0

You sir are a fucking professional

10 years ago | Likes 3 Dislikes 2

Thanks......?

10 years ago | Likes 2 Dislikes 0

Are you sure you don't have a bracelet with an extra yang line?

10 years ago | Likes 1 Dislikes 0

Nice, can I borrow our apartment later this year?

10 years ago | Likes 55 Dislikes 1

Sure! When?

10 years ago | Likes 15 Dislikes 1

That's so awesome! What area is it in?

10 years ago | Likes 1 Dislikes 0

No plans yet, why don't you tell me when, lol. Good job BTW, smart to buy the land, and happy it worked out so well.

10 years ago | Likes 12 Dislikes 1

Thanks! It was a good investment... no mortgage, right?

10 years ago | Likes 4 Dislikes 1

Considering inflation and real value of the money invested, I received €300 for an apartment

10 years ago | Likes 8 Dislikes 1

@OP Did you live in Gort?

10 years ago | Likes 7 Dislikes 0

All Brazilians in Ireland live in Gort... That's all there is in Gort

10 years ago | Likes 2 Dislikes 0

Nope! Not in the we brazilian colony in Ireland! hehehehehe

10 years ago | Likes 4 Dislikes 0

Who the fuck are you, the Dos Equis guy?

10 years ago | Likes 2 Dislikes 0

I wish!!!

10 years ago | Likes 2 Dislikes 0

Step one: Have spare money.

10 years ago | Likes 1 Dislikes 0

That's speculation not investment

10 years ago | Likes 42 Dislikes 4

a little of both

10 years ago | Likes 3 Dislikes 1

Potayto, potato... To do any of them, required me having any knowledge of the market... and I had none... just took a risk, I guess

10 years ago | Likes 28 Dislikes 2

Investing is buying capital that increases productivity and creates growth. Speculation is like gambling trying to time the market.

10 years ago | Likes 12 Dislikes 5

...You traded physical land for an apartment? ...Yep no holes in that decision what so ever.

10 years ago | Likes 19 Dislikes 11

I have no money for development and the land is in the countryside. With the crisis, it is going down in price much faster than apartment 1/

10 years ago | Likes 17 Dislikes 1

in the city. I needed somewhere to live and the real estate market in Brazil is stagnant... noone is being able to sell anything...

10 years ago | Likes 22 Dislikes 1

Ah oh, it's a best outcome from a shittier situation kinda deal. Well if it makes your life better then congrats OP.

10 years ago | Likes 6 Dislikes 7

Considering inflation, €5k in 2005 €5.7k today. It means that I received €300 for the apartment, in real evaluation of investment...

10 years ago | Likes 7 Dislikes 1

Yes but, had you been able to sit on the land and even provide minor development when the market recovered you'd have done better.

10 years ago | Likes 1 Dislikes 8

have waited another 10 years. My plan is to save as much as I can in the next two years, when I expect brazil to hit rock bottom and 2/

10 years ago | Likes 5 Dislikes 0

real estate hits rock bottom again, then reinvest, but now do it all at once, buy land and develop straight away. Paying rent would 3/

10 years ago | Likes 4 Dislikes 0

Have put a huge dent on my savings

10 years ago | Likes 6 Dislikes 1

What @OP means, more succinctly, is that sometimes choices are not about money, they're about happiness in the now. :)

10 years ago | Likes 3 Dislikes 0

I would! Given that I live in England now and earn in £, I could have done that, but there is no economic recovery in sight. I could 1/2

10 years ago | Likes 3 Dislikes 0