Laos....Uber boom

Discussion in 'Investor Psychology & Mindset' started by hammer, 20th Nov, 2016.

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  1. TMNT

    TMNT Well-Known Member

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    is this due to?
    1. corruption
    2. lack of planning
    3. lack of competent people who know how to plan?
    4. Greed
    5. bad luck


    I know a balinese real estate agent, and he says prices went up 400% in a few years and now have dropped to 200% in a quick period which he was expecting with the stupid growth in a short time
     
    TMNT, 21st Oct, 2018
    #21
  2. hammer

    hammer Well-Known Member

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    Darwin
    All of the above and chinese money laundering.
     
    hammer, 21st Oct, 2018
    #22
  3. Air_Bender

    Air_Bender Well-Known Member

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    Melbourne
    I was in Laos almost 10 years ago and I fell in love with this country then. The people there were so friendly and everything was dirt cheap. The rock climbing we did in Vang Vieng was one of the highlights of my trip, not to mention the crazy nightlife in Vientiane.

    I would hate to think all those poor and very friendly locals are now being pushed out of these cities due to rising house prices.
     
    Air_Bender, 21st Oct, 2018
    #23
    hammer and Redwing like this.
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