ImBrewEr
5681
1464
75
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.
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IconicM
Glad you realize the right price right time thing! Also good job seeing the opportunity though!
Beaverbait
Land is usually a good investment, they're not making it anymore.
HeLiesInDrink
There's something wrong with your 'C' button.
ProtectorOfDunwyn
Parabens!
TheSwallowSavvyGuard
This land is worth over 7,000 schmeckles
Lickmyspoon
6 is a higher number than 5... Congrats on your success!!
Hilsog1
Fair play to you man!
joedesigner
Ôtimo!
PurplePixieUK
So basically you're a lucky bastard who made a good choice. Good on you, OP :-)
ImBrewEr
That's indeed what I am!!
NocturnalDaedra
This is the first time I've ever seen capitalism benefit someone.
MaxFrench
How's that Zika treating ya?
ImBrewEr
Still abroad, haven't gone there...
MichaelJCabooseLeaderOfTheBlueArmy
You sir are a fucking professional
ImBrewEr
Thanks......?
Banned4da12thtime
Are you sure you don't have a bracelet with an extra yang line?
blacke00
Nice, can I borrow our apartment later this year?
ImBrewEr
Sure! When?
DoubleKouzy
That's so awesome! What area is it in?
blacke00
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.
ImBrewEr
Thanks! It was a good investment... no mortgage, right?
ImBrewEr
Considering inflation and real value of the money invested, I received €300 for an apartment
StarryPlough
@OP Did you live in Gort?
hagmiester
All Brazilians in Ireland live in Gort... That's all there is in Gort
ImBrewEr
Nope! Not in the we brazilian colony in Ireland! hehehehehe
marywanna
Who the fuck are you, the Dos Equis guy?
ImBrewEr
I wish!!!
KGBinUSA
Step one: Have spare money.
trout007
That's speculation not investment
YaKnowItsJoe
a little of both
ImBrewEr
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
trout007
Investing is buying capital that increases productivity and creates growth. Speculation is like gambling trying to time the market.
krugle
...You traded physical land for an apartment? ...Yep no holes in that decision what so ever.
ImBrewEr
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/
ImBrewEr
in the city. I needed somewhere to live and the real estate market in Brazil is stagnant... noone is being able to sell anything...
krugle
Ah oh, it's a best outcome from a shittier situation kinda deal. Well if it makes your life better then congrats OP.
ImBrewEr
Considering inflation, €5k in 2005 €5.7k today. It means that I received €300 for the apartment, in real evaluation of investment...
krugle
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.
ImBrewEr
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/
ImBrewEr
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/
ImBrewEr
Have put a huge dent on my savings
twominutesforhighsticking
What @OP means, more succinctly, is that sometimes choices are not about money, they're about happiness in the now. :)
ImBrewEr
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