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Luxury Apartment in Poblado 3 Bedroom for sale or rent

Hi Luxury apartment for sale or rent in Poblado. 3 bedrooms plus maid quarters .Fantastic views over Medellin and you can watch the planes come into land .The weather changing and some beautiful storms. The Balcony is huge and great for entertaining .The kitchen is totally modern granite benches and all the mod cons.
There is 24 hour security and a heated swimming pool . Garage for 2 cars and a store room.

The unit is on the 18th floor and there are only 2 units per floor ...

The apartment is for sale around 500 000 000 pesos or for rent fully furnished to American standards with a car ...Mazda CX 7 ..fully optioned only on a long term lease includes all bills for 8 000 000 a month ...Cable tv internet ..

Contact me

Michael.

By mikeinpuerto on Jul 28, 2008, 07:51 in Renting, selling & meetups.

tejasmarcos says on Jul 28, 2008, 08:08:

how big? and the price is approx. $4600 per month USD?

trying to walk a straight line on sour mash and cheap wine...

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paulr says on Jul 28, 2008, 08:22:

500 000 000 pesos(With car) with a return of 8 000 000 a month, wow, what an investment!, where do i sign? Sorry, sarcasm isn´t my strong point but the rent doesn´t match the value of the house, if you do get that type of rent you would be crazy to sell.

"paulr threatens me with death !" pobrecito

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tejasmarcos says on Jul 28, 2008, 08:27:

7% ROI is the normal rate of return here upcharge for furnishings upcharge for car.

trying to walk a straight line on sour mash and cheap wine...

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paulr says on Jul 28, 2008, 08:41:

Mike, any chance you could post some pics of the place?
Come on Tejas, that´s not reality. I know it´s expensive to rent with furniture but 7%! Where are we, Tokyo?

"paulr threatens me with death !" pobrecito

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tejasmarcos says on Jul 28, 2008, 08:46:

7% ROI in Poblado without furniture. so, a 250,000 USD apartment should rent for up to 7% depending on location, condition, amenities, etc. ($1500-1700 USD a month).

but then again, this is BIZARRO world sometimes....

trying to walk a straight line on sour mash and cheap wine...

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robi666 says on Jul 28, 2008, 08:52:

Average renting price for a 500,000,000 apartment:

Rent = 8% per year including administration and taxes = 40,000,000 per year
Furnished = 50% surcharge = 20,000,000 per year
Utilities paid = 400,000 per month
Car = 2,000,000 per month including insurance, tax, etc.

Total = 7,400,000 per month, not far from what he is asking

Now, if you want to have an idea of the value, how big is the apartment and how old the building?

"I am a citizen of the most beautiful nation on earth. A nation whose laws are harsh yet simple, a nation that never cheats, which is immense and without borders, where life is lived in the present."

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tejasmarcos says on Jul 28, 2008, 08:55:

there ya go. i guess the ROI went up a point since the last time i looked!!!

- it would be my guess that inventory at these higher levels far exceeds demand.

trying to walk a straight line on sour mash and cheap wine...

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robi666 says on Jul 28, 2008, 08:58:

That 8% is gross, with administration and taxes.
Bigger and furnished apartments are harder to rent, but that would be the asking price.

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tejasmarcos says on Jul 28, 2008, 08:59:

sounds right.

trying to walk a straight line on sour mash and cheap wine...

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paulr says on Jul 28, 2008, 09:21:

mmm, what about reality? It´s alright putting down fthe figures of how much return you would get, in the real world what would you get and for how long? "Furnished = 50% surcharge" come on? I´ve looked at enough places, furnished and unfurnished to know that´s not true, yes, you can charge a lot more but 50%? I rent an unfurnished 1 bedroom place in Laureles for 800,000 pm, no way you could ever double it if it had furniture. Where are you getting these figures from?

You might be able to get that on a weekly basis from Gringos coming over for a few weeks of fun but what a headache that would be to keep full. Is there anyone here who has experience in this and could give us a reality check here (Taking the car out of the equation )? 500,000,000 is not a huge investment the figures of return you gave.

"paulr threatens me with death !" pobrecito

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robi666 says on Jul 28, 2008, 09:28:

Paul,
50% surcharge is definitely what any respectable Colombian agency considers when promoting your apartment in the Colombian market. Long term rental.
The 800,000 pesos apartment would go for 1,200,000.

If you do not believe it, try to call RamonH or Santa Maria & Associados. They have a vast inventory of "apartamentos amueblados".

Short term would be higher.

You could actually expect 6-7% net ROI from your investment in an apartment (without the appreciation) in Medellin. More for the furnished part (furniture are depreciating items).

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tejasmarcos says on Jul 28, 2008, 09:29:

Paul - 800,000 plus a 50% surcharge for furnishings would put you at 1,200,000 in that same apartment in Laureles. Also, furnished apartments are aimed at the short-medium term tenant as an option to hotels.

* i would be interested in the car at 2,000,000 a month.

trying to walk a straight line on sour mash and cheap wine...

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pedro says on Jul 28, 2008, 09:32:

Just listen to Robi, he's correct in his assessment.

que nota!

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robi666 says on Jul 28, 2008, 09:34:

Yes, I was low on the car.

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tejasmarcos says on Jul 28, 2008, 09:38:

hey, don't go backwards on that original car price now! you've got me interested!

trying to walk a straight line on sour mash and cheap wine...

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Brians says on Jul 28, 2008, 10:31:

Paul I can atest to the fact that I rent my apartment at these same rates and it rents quick. My place is in the same approximate range. Only rent to Colombians through an agency. Lease turned over 4 months ago and had it rented to another contract within two weeks.

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paulr says on Jul 28, 2008, 11:42:

Low on the car price too "Car = 2,000,000 per month " 24 million a year to rent the frekin car and you´re low? ha ha Saying that, speculating on the type and year.

Brian, good luck to you man. Think i´ve missed the boat here with house prices in the uk dropping like a brick and house prices here very stable at the moment. Can´t get over the fact that you could generate more rent here than the uk.

"paulr threatens me with death !" pobrecito

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pedro says on Jul 28, 2008, 12:45:

Tejas, if I ever fall on hard times, you can rent my car for 2 million a month.

We all know Tejas is a mellow guy and would only use the car to drive it to church on Sundays. :o)

que nota!

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tejasmarcos says on Jul 28, 2008, 13:01:

exacto. church in popayan!

trying to walk a straight line on sour mash and cheap wine...

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pavo says on Jul 28, 2008, 13:03:

No way a 500 million peso apartment and car will go for 8 million. Whoever has 8 million a month to blow has better connections than that.

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Waterdawg says on Jul 28, 2008, 13:14:

Sure seems like it cost more to live in the Med than Bogota !

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robi666 says on Jul 28, 2008, 13:36:

About the car...
Paul, a car like that is sold at around 110 millions in Colombia.
Insurance is around 5 millions per year.
Taxes around 3 millions per year in Envigado.
What about maintenance? A set of tyres would be at least 1,600,000.
So, tell me, which would be a normal price?
I would not rent a car like that for two millions per month. I would definitely sell it.

About the apartment...
So Waterdawg and pavo, which would be a normal price to rent for a 500 millions unfurnished, long term, no utilities paid, apartment?

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papiChulo says on Jul 28, 2008, 13:40:

the deal breaker for me is the mazda. Mazda=Ford a POS by anyother name is still a POS... ;)

some of the rudest people I know don't smoke

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tejasmarcos says on Jul 28, 2008, 13:45:

robi - you are decreasing my chances of getting the car by the hour....

trying to walk a straight line on sour mash and cheap wine...

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robi666 says on Jul 28, 2008, 13:50:

"Can´t get over the fact that you could generate more rent here than the uk."

That's mainly because of higher interest rates here and that's why the prices of properties are getting higher here. Typical of a developing country.
There will come a day when you'll get 2-3% per year on the value of an apartment, interest rates will be at 6% for buying a property and the price per m2 will be comparable to the one in Europe.

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tejasmarcos says on Jul 28, 2008, 13:54:

yeah, in 2035...

trying to walk a straight line on sour mash and cheap wine...

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paulr says on Jul 28, 2008, 14:05:

WHat kind of cristal ball do you have Robi? I hope your taking advantage of all what you know?

"car like that is sold at around 110 millions in Colombia.
Insurance is around 5 millions per year.
Taxes around 3 millions per year in Envigado.
What about maintenance? A set of tyres would be at least 1,600,000."

Again, where the fuk are we? rent more than the UK or even Tokyo and 24 million pesos a year to rent an average car!

"paulr threatens me with death !" pobrecito

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tejasmarcos says on Jul 28, 2008, 14:09:

colombia is not simple....

trying to walk a straight line on sour mash and cheap wine...

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paulr says on Jul 28, 2008, 14:11:

"colombia is not simple" it is if you´ve got a truck load of cash, or so it seems.

"paulr threatens me with death !" pobrecito

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papiChulo says on Jul 28, 2008, 14:13:

everywhere is simple when you got a truck load of cash

some of the rudest people I know don't smoke

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tejasmarcos says on Jul 28, 2008, 14:26:

then screw the car, it looks like i need a truck!

atleast bolivia is still cheap....

trying to walk a straight line on sour mash and cheap wine...

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nbenjamin says on Jul 28, 2008, 14:30:

Yeah, the only problem with Bolivia is, well, you are in Bolivia.

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tejasmarcos says on Jul 28, 2008, 14:31:

that is what they used to say about colombia....

trying to walk a straight line on sour mash and cheap wine...

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tomtom33 says on Jul 28, 2008, 14:33:

I paid 10 million pesos to buy my very used jeep. Five tires cost less than 1 million.

And us estrato 4 guys spend 175 million for a house.

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paulr says on Jul 28, 2008, 14:34:

The girls are cute though..

"paulr threatens me with death !" pobrecito

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tejasmarcos says on Jul 28, 2008, 14:38:

uffffff

- ok. i hear thailand is still cheap....

man, i swear that lady looks like RAAAY's twin sister!

trying to walk a straight line on sour mash and cheap wine...

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robi666 says on Jul 28, 2008, 14:59:

Paul,
it is not a matter of having a crystal ball.
I don't even know if it will be like that, in 2035 (as Tejas wrote) or ever.
I was just trying to explain why you get a better rent on an apartment in Colombia than in UK.
Colombia is still a risky market.
Look at your apartment: a one room apartment in Laureles would probably cost around 80 millions and you pay 800,000 for renting it. That's an hell of a return. Frankly, it looks like you're paying a gringo price for it.

Again about the car: I am sure that those are the right figures of a new Mazda CX 7. I don't have a car like that but a 93 Toyota. But if I had that car, I wouldn't rent it for 2,000,000. As you can see from the maintenance and buying price, I would be loosing money.
If well managed, in Colombia 110,000,000 should give you at least 15% per year. For example buying an apartment like yours. Do not forget that inflation this year would be probably near to 10%.

Tejas, that mazda is a SUV. Or am I wrong?

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Lisa Zee says on Jul 28, 2008, 15:07:

Guys you are so Colombinized!.... and I am such a gringa? I wish you were talking in dollars, so I know what the heck you are talking about!
Can someone just tell me how much is this place to buy or to rent? por favor!!!! Gracias

Feliz Navidad!

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papiChulo says on Jul 28, 2008, 15:07:

paulr is your rent for a furnished falt w/ elec. etc...? I had somebody there just check out a house in Laureles 5 bedrooms, garage, 3 levels... 800,000 per month with elec. etc...

some of the rudest people I know don't smoke

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robi666 says on Jul 28, 2008, 15:09:

papiChulo, you're right.
If it is unfurnished and no utilities paid, 800,000 sounds like a gringo price.

Again, figure out the buying price, and calculate 8% of it.
That would be the yearly rent, unfurnished and no utilities paid. Simple.
80,000,000 place? 540,000 pesos per month sounds about right.

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robi666 says on Jul 28, 2008, 15:14:

Lisa, it is just a matter of percentage. So we could talk of "onions" and that would be the same.

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papiChulo says on Jul 28, 2008, 15:14:

ouch robi... that is too much. I'm lucky I guess because I know colombians that will put their name on the lease for me... some are even respectful members of medallo... I haven't a cule why the like me though... :)

some of the rudest people I know don't smoke

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papiChulo says on Jul 28, 2008, 15:23:

I must be chichipato because I told him to check out something cheaper like near Barrio Anitoquia... :P

some of the rudest people I know don't smoke

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paulr says on Jul 28, 2008, 15:23:

Just wanted to know where you got this from "There will come a day when you'll get 2-3% per year on the value of an apartment, interest rates will be at 6% for buying a property and the price per m2 will be comparable to the one in Europe."

Things could turn any way at any time here, that´s why it´s risky(not stupid) to make investments here. Happily, things are looking good for the future but i´m very sceptical on the figures you have.

I don´t know how much my apartment is worth but i would def say it´s more than 80 million, probably double. I looked at apartments until i was sick and it wasn´t bad for value for what it has.

Seeing what i have seen for 500 million, you wouldn´t get 5.5 million a month unless you were renting to gringos on a day/weekly basis.

"paulr threatens me with death !" pobrecito

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paulr says on Jul 28, 2008, 15:28:

"i know colombians that will put their name on the lease " what other way is there to do it?

"paulr threatens me with death !" pobrecito

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tejasmarcos says on Jul 28, 2008, 15:37:

that is an awesome building, paul. looks like a deal to me. how many meters?

- the mazda is an SUV.

trying to walk a straight line on sour mash and cheap wine...

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papiChulo says on Jul 28, 2008, 15:40:

well paulr, I'd get a amigo/a to do the ground work fotos all that shite and I'd keep low profile until moving day... btw, it wouldn't surprize me if apts. go for more than houses. I think they are prefered for the security.
Nice looking buliding though... to nice for the likes of me... ;)

some of the rudest people I know don't smoke

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paulr says on Jul 28, 2008, 15:41:

DOn´t know exactly Tejas, it´s about 90mtrs, it´s not big but it´s a cool place and if any were going for less than 150 million i would snap it up but i´ve not seen any for sale yet.

"paulr threatens me with death !" pobrecito

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bickerss says on Jul 28, 2008, 15:45:

how can anyone be judging the price here on the place inquestion when they dont know how big it is - or did I miss the sq metre quote?

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paulr says on Jul 28, 2008, 15:45:

"I'd get a amigo/a to do the ground work fotos all that shite and I'd keep low profile until moving day" good move man. I had to get my teacher to rent it and my GF sister(property owner) to sign another doc and pay 3 months in advance, what a pain.

I would love a house though, i think the houses here are beautiful.

"paulr threatens me with death !" pobrecito

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paulr says on Jul 28, 2008, 15:49:

Hey bickers. I´m judging the rent compared to the price it´s up for sale- 500 million = 5.4 million a month in rent, or 8 million with car.

"paulr threatens me with death !" pobrecito

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papiChulo says on Jul 28, 2008, 15:50:

paulr... I think I need a house more so than want one. I might be looking for somebody to rent 1/2... not at gringo gouging price either just 1/2 rent elec, internet that kinda thing... if you're intrested PM me... I'll probably be renting by december.

paz

some of the rudest people I know don't smoke

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newtron says on Jul 28, 2008, 17:41:

I am trying to learn about real estate in Medellin...or the area, so I find this thread very interesting. I was in Medellin this past weekend and looked at a finca north of the city that I liked very much. 6BR house with pool on 3 hectares and a million dollar view of the valley north of the city....$400,000,000 asking price. It is currently being used as a party rental....$150usd/day. Appears to be a similar percentage return as those listed above...IF you can keep it rented. Also, I am sure it can be bought for less than asking. (anyone can tell I'm a gringo from 100 yards away, so it was a gringo asking price.)

So, the question is...what is the curve for real estate prices as you get farther from the city...or is there one? I can't imagine rural property commanding the same prices as Poblado.

Thanks,

Larry

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dwr says on Jul 28, 2008, 17:47:

In Bogota a 500,000,000 pesos apartment rents for around 3,500,000 to 4 million month unfurnished if your lucky. I wouldn't give it a 50% bump for furniture. And let's face it, nobody is renting their car. Common.

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tejasmarcos says on Jul 28, 2008, 18:50:

newtron - you know you would pay a little more than $400 million COP for a 6 BR house on 3 hectares in Poblado, right?

trying to walk a straight line on sour mash and cheap wine...

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robi666 says on Jul 28, 2008, 21:20:

Being curious, I asked today how much it is an Aveo per day in Medellin.
It is 100,000 on a week base.
An Aveo costs less than 40,000,000.
A Mazda CX 7 costs 110,000,000.
So, what would be for a month?

"Hey bickers. I´m judging the rent compared to the price it´s up for sale- 500 million = 5.4 million a month in rent, or 8 million with car."
Paul, compared with your apartment, unfurnished and without utilities, it would be 3,3 million a month, asking price. Pretty normal in my book.

Have a look a www.coninsa.com.co. Ramon H is probably the most known realtor in Medellin.

Just some examples in that price range:

Poblado Medellin Apartamento
3 Alcobas, Biblioteca, Estar, Cuarto De Servicio, 2 Garajes Sencillos, 171 (m2) Area, Estrato 6, Cocina Mixta, 4 Baños, 4 Closets, Sala Comedor, Amoblado, Piso En Porcelanato, Madera , Un Nivel, 2 Balcones, Vestier,
4.500.000

Poblado Medellin Apartamento San Fernando Plaza
2 Alcobas, Biblioteca, 2 Garajes Sencillos, 122 (m2) Area, Estrato 6, Cocina Mixta, 2 Baños, 2 Closets, Sala Comedor, Piso En Madera , Un Nivel, Balcón, Vestier, Cuarto Util,
3.300.000

Poblado Medellin Apartamento Pinar De La Calera Urb.
3 Alcobas, Biblioteca, Cuarto De Servicio, 2 Garajes Sencillos, 200 (m2) Area, Estrato 6, Cocina Mixta, 4 Baños, 5 Closets, Piso En Madera Y Marmol , Un Nivel, Balcón, Vestier, Cuarto Util,
3.200.000

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deathnova says on Jul 28, 2008, 21:44:

A CX7 costs $110M? The U.S. price is under $25,000 .

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robi666 says on Jul 28, 2008, 23:22:

From Revista Motor
CX-7 2.3 Turbo
Precio Sugerido: $106,900,000

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newtron says on Jul 29, 2008, 06:40:

Tejas....hahahaha.....if all the people I know pooled their money, we would not be able to buy a 6BR house on 3 hectares in Poblado.

Since Robi was making a point of percentages, I was trying to determine if the percentages changed by location...especially as you get out of the city. I liked the finca above Girardota, but I'm still looking around Guatape, too. It would be nice to have a little elbow room, but that is out of the question in Poblado...at least on my retirement income.

C Ya,

Larry

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mcheasley says on Jul 29, 2008, 07:24:

I priced the CX-7 in December in Medellin at $52,800. U.S. Loaded (we saw the car at Tesoro mall on display)... I came back to the states and was quoted $29,500. for the same vehicle (except that included the navigation system in the states)....

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mikeinpuerto says on Jul 29, 2008, 07:28:

So if you rent a car in Medellin and I have priced it ..you would end up paying off the car for the rental agency .. remember this car comes with insurance and all the paper work done ...wait till you pay the registration fee and all the other costs with a car ... a car like in Medellin will set you back about 3 million a month.....sorry those are the numbers ...remeber to add in all the running costs not just the purchase price...

Smile and everyone will wonder what they are missing.

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mikeinpuerto says on Jul 29, 2008, 07:30:

Car rental in Medellin is a joke .....plus thye have boundaries you cannot go out of ....plus the aveo at 100 000 a week I think he meant 1 000 000 ... I was quoted 980 000 for a week ...

Smile and everyone will wonder what they are missing.

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mikeinpuerto says on Jul 29, 2008, 07:30:

my email is mikeinpuerto at yahoo.com

Smile and everyone will wonder what they are missing.

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tejasmarcos says on Jul 29, 2008, 08:06:

robi - i happen to know a few gringos that have negotiated down those "asking prices" for furnished apartment in the past............RAAAY not included.

trying to walk a straight line on sour mash and cheap wine...

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nbenjamin says on Jul 29, 2008, 08:19:

Larry - It just depends. How far away from the city are you? If you are going into Rio the price goes up right? But then further out it gets cheaper.

Someone here put me onto this website:

http://www.miactivo.com/propiedad_raiz.aspx

It is pretty helpful and gives a bunch of listing - you can probably beat a lot of these by being on the ground. And dont buy anything without paying an appraisor some a little money to give you a legit value.

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360Degrees says on Jul 29, 2008, 08:40:

Hey Robi or anyone.........can you get the email address for Coninsa in Poblado area? Their website contact form does not work.

Thanks

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robi666 says on Jul 29, 2008, 09:13:

mikeinpuerto:
I was talking about 100,000 PER DAY on a week basis. It seems that I got an excellent price...
And as I imagined, I was being low on your car.

360:
Carlos Mario Arias Garcia
Asesor Consignador
carlos at coninsaramonh.com
310 417 78 83

tejas:
I am sure that you can negotiate those high prices.

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robi666 says on Jul 29, 2008, 09:17:

But, as it got demonstrated again, never post anything on PBH about selling or renting a property.
It is extremely difficult to show how things really are.

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paulr says on Jul 29, 2008, 10:35:

You´re all fookin mad! 2.7 million for an average car a month and 5.3 million for a house that has a value of 500 million. That is higher than any city in the world, NYC, Milan, Tokyo and certainly Manchester. Who the hell pays that? Surley that market is small. If there are many, that really does show the huge gap between rich and poor here.

I know you don´t like it when people don´t agree with you RObi but weather you are right or wrong you have to admit that when you see it written down, it does sound a little fishy pphheewww

"paulr threatens me with death !" pobrecito

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tejasmarcos says on Jul 29, 2008, 10:40:

paul - you have to analyze each factor in and of itself. property aside, the cost factor here for some things is pretty outrageous, including cars, furniture, etc.

and always remember, colombia is not simple.... if it were, everybody would be here.

trying to walk a straight line on sour mash and cheap wine...

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robi666 says on Jul 29, 2008, 11:36:

" 5.3 million for a house that has a value of 500 million. "

Paul, again, it is not fair to throw out a value like that. 5.3 million is the asking price with furniture and utilities paid. 3.3 million is a more representative value of the rent.

PS Admitting a real value of 500 million. Take a calculator and try to apply the same % I did to your apartment and you'll see it.

Now, you pay a rent of 800,000, then your apartment should be worth around 120,000.
Now a one bedroom apartment in Laureles is pretty well sold for 120,000. By the way, I'd bet your apartment is more near to 60 m2 and not 90m2 (that would be a common size for a one room modern apartment). But I could be wrong.
FIRST thing you should look when you buy or rent an apartment to decide if the price is right is how big it is.

"I know you don´t like it when people don´t agree with you RObi but weather you are right or wrong you have to admit that when you see it written down, it does sound a little fishy pphheewww"

I don't know about that. I do not give moral judgement on something you can define with a calculator and a little on field research.

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paulr says on Jul 29, 2008, 12:28:

Again, you are all as mad as a box of frogs. No matter what way you look at it, twist it, turn it, the prices don´t make sense, but, they are what they are, if people pay that amount people will rent for that amount, madness. I will do as i always do, foot research, see as many as possible in my price range and choose the one i feel most happy with. I don´t know how much my pad is worth but i would really hope to see it on the martket for 120 milion but i don´t think that will ever happen.

"paulr threatens me with death !" pobrecito

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Brians says on Jul 29, 2008, 12:39:

Paulr I find it hard to believe that people rent my place for what they rent it. However I actually had my choice of three different families who wanted to rent it. I think I have great views and it is unique in some ways in the way I had it designed different and had floor plans changed. Anyway after everything is said and done I gross about 7.5% on my purchase price. Now I do pay administration and that eats into it a bit and I guess maybe it is a net of 6.5%. However I am sure if I looked I and negoiated I could have gotten the same basic location cheaper so 8% is not unreasonable as I really just walked in an bought it and really didn't have time or desire to negoiate.

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tejasmarcos says on Jul 29, 2008, 12:41:

robi - wanna buy a lotus esprit and lease it to me for $40 USD a day?

paul - you are also analyzing the high end market with this example. i can cuss mcmansions full of custom, high dollar furniture all day long back in the USA. that does not mean i am in the market to buy (or lease) one. the properties on the affordable end of the spectrum will always make more sense.

* if i had millions of dollars stashed in the bank and i were running on $15,000 - 20,000 interest per month, i would not be sweating $4600 per month. it would be a solution for me. by the way, i am not that guy ;)

trying to walk a straight line on sour mash and cheap wine...

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paulr says on Jul 29, 2008, 12:48:

Someone needs to come into this country and lower the borrowing interest rates by half so people can buy rather than paying unbelievable high rents, which landlords are taking full advantage of.

Can´t blame the landlord, i would do the same but you have to feel sorry for the family having a choice of paying extortionate rents or extortionate interest rates.

"paulr threatens me with death !" pobrecito

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tejasmarcos says on Jul 29, 2008, 12:58:

why don't you work on that paul? start a low cost/low return hedge fund and make loans for homes, auto and consumer items. 4-5%, fixed rate programs.

- $20,000,000 USD would be a good first traunch of funding.

trying to walk a straight line on sour mash and cheap wine...

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paulr says on Jul 29, 2008, 13:00:

I would Tejas but i have a slight problem "$20,000,000 USD would be a good first traunch of funding"

"paulr threatens me with death !" pobrecito

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tejasmarcos says on Jul 29, 2008, 13:41:

that is what investors are for. you have 300 billion in the US CD market barely making 2% right now.

- what are aussie banks paying on certificate of deposits these days?

trying to walk a straight line on sour mash and cheap wine...

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robi666 says on Jul 29, 2008, 14:48:

The rates are high for a reason: risk.
You can buy something in Colombia or have your money in the US CD market.

Giving 20,000,000 at 4% in one year in Colombia, it is like donating 1,200,000 (assuming 10% inflation this year): maybe someone could start with it (donating 1,200,000).
Hey... it is like paying part of the interests at the bank.
:)

By the way, I would not put a coin in Colombia if I was not living here.

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BillBigD says on Jul 29, 2008, 14:56:

I have said many times the rental market in Colombia is crazy. Prices are way to high!

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Lisa Zee says on Jul 29, 2008, 15:14:

Geess... at this prices I will have to raise the rent to the nice gringo in my apt!......hummmm
LOL

Feliz Navidad!

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tejasmarcos says on Jul 29, 2008, 15:17:

lisa - i can let you borrow my furniture and we can double the price! ahhhh, santa fe dreaming....

robi - at 30-40% down, we would want to see those defaults, right?

trying to walk a straight line on sour mash and cheap wine...

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Lisa Zee says on Jul 29, 2008, 15:20:

You know Optima has homes for sale there..... Buena idea.

Feliz Navidad!

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robi666 says on Jul 29, 2008, 15:21:

Especially since he is surely a sex tourist, partying all nights with grillas and annoying the neighborhood...

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Lisa Zee says on Jul 29, 2008, 15:24:

Is he? You don` say?..... How well do you know him. He seams like a very quite guy!? ( no quiebra un plato)

Feliz Navidad!

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tejasmarcos says on Jul 29, 2008, 15:24:

who, paul?

trying to walk a straight line on sour mash and cheap wine...

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robi666 says on Jul 29, 2008, 15:27:

No, I don't know him but he knows a good friend of mine...

How you say in Colombia? Un Comecallado?

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tejasmarcos says on Jul 29, 2008, 15:29:

paul is a good guy, even if he parties hard and hangs with grillas....

trying to walk a straight line on sour mash and cheap wine...

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Lisa Zee says on Jul 29, 2008, 15:41:

LOL!

Feliz Navidad!

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paulr says on Jul 29, 2008, 16:04:

Who is it that knows me that you know Robi?? I don´t know many people personally from here.

Especially since he is surely a sex tourist, partying all nights with grillas and annoying the neighborhood... I can´t defend that. ..I am a tourist and i have sex, i do go to all night parties sometimes, not sure if i´m with Grillas, what do they look like?
I do annoy the neighbours with constant moaning about the cost of renting property. You´ve got me worked out.

"paulr threatens me with death !" pobrecito

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robi666 says on Jul 29, 2008, 16:35:

No, I am sorry, Paul... I was not talking about you but about another Gringo... it was Tejas' joke. :)

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paulr says on Jul 29, 2008, 16:55:

ha ha, no worries, just sounded like me

"paulr threatens me with death !" pobrecito

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Lisa Zee says on Jul 29, 2008, 17:02:

Well you know all gringos look alike, or is it all sound alike?, or act alike?, I dono....

Hey almost 100 posts, and no pictures yet!?

Feliz Navidad!

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