Foreign Real estate Investing

[Jacob Rahn]

Hey guys I have a general question about up and coming countries that some of you have had your eye on. 

I have been involved in this cryptocurrency bull run and have a lot of capital I'm looking to invest in real estate that is cheap and in countries with growing free markets. I feel that where I live (Canada) the real estate will not be able to sustain the crazy price points it is reaching. I'm looking to buy various properties in a country or a few countries that are up and coming with high rental yields and low taxes.

If you guys are able to give me a few ideas that I am able to do some research on, id appreciate it.

[Mike Lambert]

@Scott Mac

@Jacob Rahn and I are Canadians. I think it's fair to say that we love our American brothers and follow you in your footsteps most of the time. And we have been in this instance, even outspending you on a per capita basis. This is why Jacob is looking at investing elsewhere, as I understand it.

Let's try and see things from a more and more common perspective, where I think Jacob is coming from in this instance.

Are you talking about the countries in which countries already higher indebted governments give supposedly free money they don’t have to their citizens by the boatload? Burdening their children with debt they’re never gonna be able to repay?  Should we call that investing? Now, of course we should have helped all the people victim from Covid for no fault of their own. However, if you want to know how this kind of policies work, look no further than Japan, where the economy has been an absolute disaster they’ve unsuccessfully trying to get out of for decades.

Contrast this situation with countries where governments don't have the ability to print money but the middle class is emerging, lifting tens of millions out of low wages and downright poverty. Countries where real infrastructure investments are really made rather than talked about for decades with nothing to show up for it.

Countries where the work-from-anywhere crowd is flocking, as they're able to rent a huge villa for less than their shoebox apartments in San Francisco or New York City. In doing so, they reduce their cost of living several times over and say goodby to traffic, commuting, pollution and bad weather. More and more retirees are doing the same. Northern Americans move to Latin America and the Caribbean while Northern Europeans move to Southern Europe.

I'm currently in the beautiful Riviera Maya in Mexico and coming across many of those. And they're not going back to the office anytime soon. The airport here is way nicer than most airports in North America, which helps drive tourist by the boatload. Real investments are being made here. Construction has started on a high-speed train and another airport is on the cards.

Let's be clear. The US is a great country but it makes sense for most Americans and Canadians to diversify their investments outside of the own country/continent. Those who don't might find out that they've made a huge mistake a few years down the line.