Thursday, January 13, 2011

Metallic Taste Tomatoes



Adriano 's comment provides an opportunity to explain why if there are people who own second homes, which are expected from a revaluation of the PII their property, these people are destined to a crushing disappointment.

A golden rule says that the economic value of the property quickly adapts to events. In this rule if it goes another one: the bad drives out the good property.

you remember anything? Well done, the story of the good money and bad money, just that it works in reverse (with the coins, is that a bad drives out good).

Follow me, dear owners of second homes, it is not difficult.

Postulate 1, Property: a house is an investment if and only if, when the sale is effected, net of taxes, a profit greater than the sum of purchase costs, maintenance, of tenure, and taxation, re-evaluated according to inflation. Easy!

What determines the shape of the curve that describes the profit? Some minor little things, for example: 1, Axiom

Manufacturer: your home is an investment for me that I built that one quarter of the sell it to you. This axiom is often accompanied by Corollary Real Estate Agent: Your home is an investment for me (acting as an intermediary between you and the manufacturer, you sell it without risking a chip only and collection fees from both) .

It was over here, there would already be satisfied. Unfortunately, however, is tortuous and fraught with danger the road to Paradise.

2 ° Postulate Real Estate: Hey head, is that the new house is worth more than the old one.

Postulate 3 rd Real Estate: Hey head twice, that is to sell the new one I have to make your old still worth less than it's worth. And here

fall for the donkeys, that is those who beano illusion that the construction of new houses will increase the value of their old homes.

the exact opposite will happen, and for a banal reason, let's say your old house, built in Piazzatorre, mainly between 1975 and 1985 (the boom years), TODAY is worth € 1 / m (use this value non-Dummy immediately trigger the chorus of the precise shift). The new buildings, constructed according to current standards, and equipped with standard quality far superior to those of your hovels Jurassic (and because of this value far greater than most buildings in later years), put on the market price that would be correct in relation to the basic exogenous parameters (position, level, availability of parking space / garage, private garden any) will be worth at least € 3 per square meter, three times then walked on the same floor area.

Well, at this point, there are two possible scenarios: Scenario 1

- the sellers if they fuck you and placed on the market the new homes at 3 € / sqm because both have "key" that will sell everything without problems. In this scenario, the market is aimed at all new development, is fully satisfied, does not need to buy the Jurassic shack that you wanted to sell, your profit is deferred until a later date.

scenario 2 - the sellers will know that whistling fools enough to sell at € 3 per square meter, then, as the very large margins (and who claims otherwise go to segarsi Pinocchio's nose that came from) will reduce the selling price at 2.5 € / sqm, or 2, or 1.5. This will be returned as long as enough, then it will be able to raise needed. This second scenario scenario inevitably involve the automatic loss of value of old buildings, because the potential buyer is gonzo yes, but to a certain point, and in front of a house that costs 1 € / sqm, but has twenty-five or thirty or forty years, for recycling, has the energy performance of class Z, with the whistle who buys from you because he knows that the purchase price may have to add the costs of reorganization, restructuring, plant. And who makes you do? Unless bricklayer or plumber, and then makes them work on their own, better to spend € 2 per square meter and buy a little house with beautiful new and comfortable. And even in this case your profit hypothetical, your valuable investment, reveal the that they were bluffing. Amen.

And now, well run to put the sign "SALE".

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