Jim, This is not an issue subject to ongoing debate. Only time will tell who the real idiots are. > I have made my opinion clear in a response to Velho's "when", "when", "if", "when" philosophy based on local demand. > Even before the growing global economy, the experience of central and south America and Europe is that the demand from locals has little or nothing to do with the increasing value of properties WITH AMBIENCE in tropical climes. As with any investment the buyer has to be able to tell the difference. > If someone doesn't think so, it's their money and they have the right to do whatever they please. > --- Jim Fernandes <[EMAIL PROTECTED]> wrote:
> Please read my email once again in its entirety, if > you'd like to debate on this issue. > > Jim F. > New York. > > -------------- Original message > ---------------------- > From: Mario Goveia <[EMAIL PROTECTED]> > > --- velho <[EMAIL PROTECTED]> wrote: > > > > > > Jim Fernandes, > > > > > > If considered in pure economic terms, your post > is > > > right on the button. You really would have to be > an > > > idiot, if you were a foreign national(of > non-Goan > > > descent) buying property in Goa for purely > > > investment purposes in the long term. > > > > > Mario asks: > > > > > I know several "foreign nationals of non-Goan > descent" > > who purchased property in Goa a few years ago, and > the > > property has more than quadrupled in value and the > > value continues to increase. > > > > > So, can Jim or Sunith please explain how these > people > > are "idiots"??? > > > > > And, while you are at it, can you please explain > how > > property values, which are based on supply and > demand, > > vary depending on whether the investor is a Goan > or > > non-Goan? > > > > > > > > > _______________________________________________ > > Goanet mailing list > > [email protected] > > > http://lists.goanet.org/listinfo.cgi/goanet-goanet.org > > > _______________________________________________ > Goanet mailing list > [email protected] > http://lists.goanet.org/listinfo.cgi/goanet-goanet.org > _______________________________________________ Goanet mailing list [email protected] http://lists.goanet.org/listinfo.cgi/goanet-goanet.org
