Choosing the Best Place to Invest in Real Estate
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- Опубликовано: 28 авг 2024
- nomadcapitalis...
Where should you be investing in Airbnbs? In this video, Andrew shares an article from Mansion Global and discusses how to find the best countries to invest, property and transfer taxes, and the future of Airbnb restrictions.
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Great job Andrew, and I'm loving the open-mindedness towards NON-legacy brand countries and cultures; unfortunately you are in the minority in this regard, especially among the wealthy class. Perhaps a cool idea for a future video (assuming you haven't done it already!) would be a sort of "country equivalent" video, along the lines of "If you like Spain, a cheaper alternative featuring better value would be ___. If Sweden is more your style, try ___".
Albania might well be a good alternative to Spain and Georgia might be a good alternative to Sweden.
This is why I don’t buy rentals in California.
It makes sense for developing countries to be airb&b friendly, its a cheap and fast way to quickly increase your tourism capacity, a lot of them don’t have a high hotel room capacity outside of big cities or resorts, especially by legacy brands, on the flip side those hotels in established countries pay some of the highest taxes around, I know it’s one of Chicago’s favorite tax revenue wells/avenues to increase, those hotels and cities are looking to protect their revenues and taxes respectively.
This channel is such a breath of fresh air. Incredible content. #addicted
Love this guy. The information put out is fantastic. I subscribed.
Thanks for subbing
Here in the US they vote on property taxes, and the voters raise them all the time! Many renters (usually the same people who will be screaming about gentrification) vote yes to increase property taxes because (I guess) they don't think they will be paying them. Of course they will, because rents go up as taxes go up. But they are just too dumb to see it. It makes me understand why in some places in the past only property owners could vote. People who are not invested in the system have equal say - who would run their own business or household like this? Nobody.
This week Portuguese government said it will not raise taxes to pay for the pandemic... so aspect new taxes on the next budget
don't believe them.
Just love this guy , hugs from Serbian fan in Miami.
I wish I watched the video before. I bought 5 properties in Spain for the last 3 years where now the government trying to take 3 away from me :(
Nadya Widen, why are they trying to do that?
Please give us an updated home tour of the Bogota home before you leave for Mexico.
What do you think of the tax reform that is being proposed in Colombia?
I hate airbnb.
Apartments shouldn't be rented out for people to party in.
Makes life miserable for the local residents.
yes, there are zoning for a reason. what is meant for residential becomes a hotel.
@@Atlas_21 Have a thought for their neighbours and the disruption having a transient community creates.
Dear God people like you are short sighted and beyond stupid.
The wisest thing that should be on every individual list is to invest in different streams of income that don’t depend on the government to bring money especially now the pandemic is hitting economic hard.
In Singapore you pay huge stamp duty but your property appreciate the moment you buy. It is the safest place in the pandemic
How do you feel about the Dominican Republic as a place to invest in an investment/second home? There is still good value there but on the rise, it seems. I've been warned against the North Coast of Cyprus due to the criminal element even though International Living sent me an email about a really inexpensive condo there in a new complex by the beach. But then IL was also recommending Nicaragua during their uprising a while back lol
Trump lifted parts of the embargo on cyprus
Careful Andrew. Colombia is not the safest country in the world. Also Colombia taxes residents on their worldwide income if they stay longer than 6 months in a year. Not sure if they mean 6 months in a calendar year or 6 months out of a 12 month period.
Good advice as usual :-)
Glad you think so!
I love that freedom channel.
Great stuff Andrew...
Great vid as always. What do you think of Abu Dhabi property?
I also would like to know... Watching from far away, Dubai seems to be "dying" in terms of investment returns and Egypt seems to be cloning the model... It would be a good option to diversify geographically but I don't want to be dumb money
@@rubensnogueira5838 , Take into account the currency exchange. Some countries, you can bring your monies in but not out!
@@rubensnogueira5838 q
I can see property taxes rising in the future globally and wonder if those governments are wise enough to accept crypto as payment for taxes....
When you say "governments", you really mean: Unproductive dastardly delusional self-appointed lazy gang members under the guise of "government", right?
To pay for the Covid mess
@@mobileandroid5299 Ha yes, they exist to expand and fund their own cancerous growth.
In Budapest Hungary, the Airbnb licence is into the hands of the building board and also of the local government.( good luck..).this is new.
What are the best places to invest, I live in france and it sucks.
Always great content.
So glad to hear it 😊
I cringe at real estate. Although I've developed my share of the desert in the Gulf its really hard for me to go through the 2-5 year process to do something that's gonna give me that 20-40% return. These days one can have 20-40% returns in a couple months, and then re-invest the earnings again on another asset category.
But it works... and a lot of people make their living out of it.
In which categories are you getting the biggest returns rn?
@@therealashleycrouch Hot air machines, It's the latest.
Hi Andrew, I've seen a lot of digital nomads going to Buenos Aires, would this city make a good place to invest in an property for airbnb market?
Awesome video! 👊
Thanks! 👍
I try and talk to people about how creating bad tax situations for businesses creates the motivation to move. I have yet to find anyone who will listen. They still believe tax them to 90%!! without consequences.
Andrew how do you feel about having an airbnb in the carribean? If you could suggest any carribean places where would they be?
Nomad Capitalist, can you comment on why world bank discontinued publishing Ease of Doing Business report
You need arable farmland to live from in times ahead, which defies this illogical assumption of peaceful and prosperous times to come...
Andrew, you have fantastic videos, but this is the most targeted to today's (2021) hot button issue - wealth redistribution - as expressed in the political climate and ever-shifting economic and tax policies of so many countries.
Anytime someone drops "MSM" or "Mainstream media" I am super cautious about what they have to say. Also, Mansion global is borderline a blog and not exactly a news media source.
So you’re a naive sheep who believes all that the lame stream media spews out to you. Thanks for sharing that with us. Good to know
Great decorating
Thank you! 😊
I’m hoping someone can help me get my head around the argument that bitcoin is like digital gold and a store of value. I get that only a certain number of Bitcoin will be created. Okay fine that supply is limited. People compare this to gold. The thing is there can only be one gold. On the other hand there is an unlimited number of crypto currencies. Exact Bitcoin clones can be created out of thin air. How can we say the supply is truly limited? I don’t get it
I don’t buy the store of value argument at all. It sounds like bitcoin holders trying to rationalise their investments in the face of newer, better alternatives. And I don’t think it will last long
Cryptocurrency is a proof-of-concept application of the blockchain technology and smart contracts. Those underlying technologies have much greater long term value than cryptocurrencies. They are going to revolutionize how we interact on the web. Are you only doubting the value of coins, or also of blockchain and smart contracts?.
You can create as many clones as you want, but unless you have adoption it won't matter.
All currency is a belief system based on Joules. The old store of value was gold, which required energy to mine. The new store of value is proof of work, which also requires energy to mine. It now takes more energy to mine Bitcoin that gold. Thus, it is trusted based and its backing of Joules.
I think you’re right, Kat. Bitcoin is not Gold and shouldn’t be compared to gold. Bitcoin (and most crypto) isn’t private, either. Monero and Pirate Chain are exceptions. The advantage of crypto is portability, but crypto is an entirely different asset class than gold/silver.
The Turkish 250,000 citizenship via Property investment could well be scrapped in June this year for new apps.
What is the best way to transfer the money for an acquisition abroad? ANYONE with experience have insight? ESPECIALLY A CASH TRANSACTION
You want to get bent over by regs go to key west, FL
I love the intro music, what is it from?
Your thoughts on Cyprus for property investment?
@@jackykuk4436 2+2= decent area? 😂 you’re so funny. As an investor I have to say I’m out
As a person living in Cyprus I recommend….. don´t! Locals all have their own houses/apartments already and nobody is ever moving because distances are small. Even if you´re job is in Nicosia and you´re living in Limassol, you just drive daily. Golden Visa programm is stopped and will not be live again soon. Nobody is going to buy these properties built for this scheme anymore. Formere Golden Visas investors always drop their properties after mandatory holding time, but these properties are so overpriced, it´s ridicolous to even think about buying them with 50% discount! That´s the market in Cyprus. Good luck :) .
San Juan, Puerto Rico
i have borrowed 5 times my income. Is there a country that is not bound by this rule?
There ARE a LOT of tax advantages, however, to buying real estate in the USA.
I was expecting a list of places.
"A government that will change on a dime." That would include the United States.
Vietnam?
Turkey isn't a western country first. Second, you may be one of the few to consider turkish citizenship as a reward....
hi
people will accept whatever the government doles out to them. History has proven that. Only the few will say "I'm over this" and leave their country.
Singapore won't allow AirBnB 😢
Yes it does! Look it up
Turkey's tax rates are high
Just don't invest in social welfare states. All the legal framework will be set up in favour of the poor tennants, not the "rich" RE investor. All governments want everyone to rent because this is how they get as much tax as possible from a property.
What was funny about the name Knight Frank?
Name one country where Airbnb is allowed and unrestricted to work with..... USA has outperformed all Asian European and South American countries in terms of residential appreciation since the pandemic. Airbnb is heavily regulated everywhere My foreign properties have stayed the same (vacant since the pandemic) while (I know you hate the USA) but this is where the yields are.
Yes I stayed in lovely airbnbs all over the USA. Also rental yields are pretty good.
I’m under contract to sell my Mexico property for 21x what I paid for it 12 years ago. I sold my LA property last year for 2.5 times what I paid for it. You couldn’t be more wrong.
Have you ever considered investing in something which benefits the community rather than damages it ?
Such as?
Sorry, no time to watch the video. Which countries does he mention?
Georgia
No kidding.....I have a house in Conway NH which I want to retire to. Conway is a tourist town, making their money off of summer and winter hospitality. But wouldn't you know, they passed a ban on short term rentals this year! How silly is that....they don't want the tourists that these homes bring in. The concept was that this would lower the cost of homes.....yes, it will because it might just squech the economy! The voter are dummies.....if they want lower cost housing, there is PLENTY of land in the area.....the town leaders need to allow the sort of zoning that allows lower cost housing.....but no, the voters strike out at the AIRB&B folks.
How would zoning lower housing cost?
@@haveaniceday7950 Allow higher density, or cluster building that allows the same density say in land that doesn't have some required parameters like frontage because of wetlands.....how about allowing multi-unit building......some places just don't allow that.
meow
Foreigners SHOUND NOT be allowed to buy land ... only to rent it ... and YOU, yes you, you KNOW that is how it SHOULD BE !
A country's land should NEVER be given to foreigners, unless they come with a huge army and take it.
The trouble is this is happening en masse in my western country & the effects have been devastating. So now we are going to be forced to look elsewhere. I'm looking forward to further debate below on this!
That's right.
Why should other people del land to you?
Yay CANADA. Built on foreign investment and immigration. Even immigrants tell me it’s too expensive now BECAUSE of immigration.. how ironic.
you aint pick places to move