1/🧵
Here's a Threadstorm where I talk about important facts about supply and demand around the price of real estate in Venezuela.
1/🧵
Here's a Threadstorm where I talk about important facts about supply and demand around the price of real estate in Venezuela.
2/ Many say that house and apartment prices in Venezuela are too cheap relative to real estate prices in the rest of Latin America. Now, this is relative.
3/ As an investor, in these situations, you really have to ask yourself what is cheap and what is expensive. In economics it is known that nothing is cheap or expensive and all depends on the approach you give to the matter.
4/ The law of supply and demand says that when the demand for a good exceeds the supply, an increase in price occurs. And the same thing happens in reverse. That is, when demand exceeds available supply, the price of the good tends to rise.
5/ In Venezuela there are a series of factors that are causing the price of real estate to be undervalued in relation to other countries in the region. These factors must be considered and evaluated before investing.
Read the whole article by clicking here
https://leofinance.io/@piensocrates/important-facts-about-supply-and-demand
#gosh