Tuesday, July 14th, 2009
Hi there,
I was looking at a French national TV channel’s report of a visit to the Bulgarian Black Sea Coast last night. I won’t name it – but it’s French and the number comes right after one. I was not surprised – it was “confirming” the typical and predictable French opinion of the Bulgarian scene – and proceeded to report that “all” the large hotels on the Bulgarian Black Sea Coast are owned by the Mafia (Bulgarian or Italian, they didn’t say). Then they showed that the resorts were empty, and then they showed some 60% finished apartment units and ran them down as well. I have to admit, I was not surprised by the totally biased reporting (if you can call it that) and I reflected that it would be nice to see a balanced report about “our” coast at least one time on tv, but I guess that won’t sell air-time.
What really bugged me though was that they then – in the same program – switched to the (French) Côte d’Azure and proceeded to show how wonderful it is. With all the fancy Italian sportscars and all the fancy almost-naked models. Never mind that at least as many large hotels (and many more of the fancy girls) there are owned by the Mafia (French or Italian) as in all of Bulgaria, they speak French and that makes it okay. Did you ever swim there in the summer? Yuck!
Ciao for now
Craig
for
Bulgaria Realtor
P.S. Remember, you read it FIRST on
Bulgaria Realtor!
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Posted in Political Theory | No Comments »
Monday, July 13th, 2009
Hi there!
I just read this little bit on a blog – I’ll tell you where in just a minute, but please read this first:
“According to one source, [farm]land values have gone down 20% already in other countries, which would suggest the U.S. is lagging in a farmland price correction. Prices are down 18% in Brazil, 12% on the Canadian prairies, 20-35% in Russia and Bulgaria, and 70% in the Ukraine.”
This is a contrarian approach to the populist theory that farmland is a safe investment. The rationale? Farmland prices are being held up primarily by speculation, and as the speculator goes, so go the prices. Also, the theory that farmland will increase in value as the world population increases MAY be an ultra-long-term truth, but speculation in commodities can also kill that on the short- to long-term.
For me, the only reason to buy farmland is as an investment that you are going to work as a farm! And that comes with it’s own large family of speculation attached. Not a sure thing!
Oh – the quote comes from a blog called “Seeking Alpha” and you can find it at http://seekingalpha.com/article/148224-13-agriculture-myths-busted-this-bubble-is-ready-to-pop. It makes a fun read as long as you’re not heavily invested in farmland. :-D
Ciao for now
Craig
for
Bulgaria Realtor
P.S. Remember, you read it FIRST on
Bulgaria Realtor!
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Tags: Agriculture, Arizona Politics, Brazil, Bulgaria, Bulgaria Realtor, Bulgaria Realtor Blog, Canadian Prairies, Censorship, Commodities, Conservatives, Contrarian Approach, Craig, Craig Hesser, Dung, Farm Hub, Farm Land Values, Farmland Prices, Fun, Good 2004, Hypocrisy, Investment, Jimmy Craig, Jimmy Craig Hesser, Jimmy Craig Websites, Lagoa Dos Patos, Land Values, Little Bit, Myths, Rationale, Realtor, Retail Store, Russia, Sediments, Seeking Alpha, Speculation, Speculator, Sure Thing, Truth, Ukraine, Urban Farm, World Population Increases
Posted in Real Estate Market | No Comments »
Saturday, June 27th, 2009
Bulgaria Realtor
Hi there!
“Now is the Hour – Part 2″? What in the world do I mean by that? Well, think about it – if the first part talked about properties, this part has to be an update on financing, right?
Right!
What’s starting to happen is that the banks are starting to suffer from the lack of new funds and new sales – why? Restrictive to prohibitive terms for new mortgages. Remember what I did write in Now is the Hour – part 1?
“Bulgarian mortgage lenders have put the stops on the business with limits as to how much they will lend (typically 40% of the buying price, maximum), and also with really restrictive interest rates – 12-15% plus the Interbank rate plus signing fees, depending on the type and life of the mortgage.”
Well, there appear to be a few Bulgarian banks out there that are not satisified with their returns at those levels. What’s happening? They have dropped their interest rates by 50% or more, and are willing to go to 50-55% of the market value of the property (in extreme cases even 70%). This is still not like the glory days 2-3 years ago, but it will certainly help out the real estate market.
So, welcome to “Now is the Hour – Part 2″! :-D
It really IS the time to start choosing what you really want and start organising your purchase plans! For the names of the banks presently involved, see the Focus Information Agency article at http://www.focus-fen.net/index.php?id=n185477.
Ciao for now
Craig
for
Bulgaria Realtor
P.S. Remember, you read it FIRST on
Bulgaria Realtor!
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Posted in Finance | No Comments »
