These are a few recent headlines and predictions about when the real estate market will bottom out. Of course, there are a select few who have been calling the bottom for some time now. Oddly enough, these tend to be real estate agents and newspaper columns. Speaking of newspaper columns, we are sad to see the end of “Raising the Roof,” the erstwhile International Herald Tribune and more recently, New York Times’ very own property blog. Kevin Brass will continue to write the print edition property column for the NYT, but the online version is no more. Honestly – this was one of the few international newspaper property blogs worth reading, and I don’t think I ever once saw a “We have reached bottom, Buy Now!” headline – which may be why it has gone the way of all things? Newspaper advertising is drying up faster than the 120% mortgages did.
Since their 2001 monetary crisis, Buenos Aires has been experiencing an ever-expansive boom in tourism that has driven the short-term apartment rentals, for visitors. Rising hotel room rates and easy internet browsing have made this urban vacation option increasingly attractive for many world travelers who yearn to spend less and live more like locals–even if only for just a week.
