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Prime Office Rent Higher in Rio De Janeiro than Manhattan
Frederico Azevedo went to Florida looking for a second home. He left with three, paying $300,000 and $500,000 for condos in two Miami towers, and $1 million for a unit at the Trump International resort in nearby Sunny Isles.
“I bought one to use as a vacation home and the other two as investments,” Azevedo, 39, president of Construtora Altana Ltda, a housing-development company, said in a telephone interview from his office in Sao Paulo. “It’s actually very cheap in Miami compared to here.”
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Buyers from Brazil also accounted for about half of sales of more than $1 million in Miami Beach.
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http://www.bloomberg.com/news/2011-06-21/brazilians-buy-miami-condos-at-bargain-prices-after-45-surge-in-currency.html
Frederico Azevedo went to Florida looking for a second home. He left with three, paying $300,000 and $500,000 for condos in two Miami towers, and $1 million for a unit at the Trump International resort in nearby Sunny Isles.
“I bought one to use as a vacation home and the other two as investments,” Azevedo, 39, president of Construtora Altana Ltda, a housing-development company, said in a telephone interview from his office in Sao Paulo. “It’s actually very cheap in Miami compared to here.”
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Buyers from Brazil also accounted for about half of sales of more than $1 million in Miami Beach.
(From SNL) Swwwiiiiinnnngggggggggggg!
Link⇒ Rio Office Buildings
You have similar problems here in the US too:
http://www.nytimes.com/2008/01/15/washington/15bridge.html
http://hollywood.patch.com/articles/officials-at-helen-bernstein-ignored-warnings-of-shoddy-construction-work#photo-8758164
http://www.deccanherald.com/content/71797/shoddy-construction-building-public-works.html
http://www.dispatchmarketinginc.com/eNewsletters/ConstructionSafetyDispatch/ConstructionSafetyDispatchArticles/tabid/4859/articleType/ArticleView/articleId/4115/Shoddy-concrete-pouring-blamed-for-worker-killed-in-building-collapse.aspx
http://www.treklens.com/gallery/photo631137.htm