100 years ago, there was a town. Commerce was going well and everything was normal until one Monday during September someone new in the city appeared at the central square and announced: “Whoever brings me one coat, I will pay him with 1 golden coin”. That time a coat’s price was maximum the equivalent of 0,1 golden coin”. People were confused, but some of them returned soon with a coat. They were curious to see what will happen. The unknown man paid them, 1 golden coin for each coat. The whole town started discussing about this. 50 coats were sold… (weekly investment: 50 golden coins) “2 golden [...]
Tips about buying your future house:1. The land: Location, utilities, access and many more
Investment in a new villa is more difficult than an apartment inside the city. It requires more personal involvement and the resolution of many problems which at first glance appear as “easy”. After the “first wave” of investors in this segment (2000 – 2004) and the second one (2005 – 2008), during 2010 the market clearly heads to a new direction. People are more careful and “opportunities” are analyzed thoroughly by everyone. If you want to build your own house (some call it “villa” too), you will need to start by choosing the location and buying the land for it. And you need to take into consideration [...]
“If you could pay all these for me, I would also love you”
Part 3 of the post: “100 suits, 100 pairs of shoes and “3.000.000 Euro” = 102.000 Euro lost…” (to read part 1 please press here) (to read part 2 please press here) “If you could pay all these for me, I would also love you” My “teacher” was clear: “He is not a professional, he doesn’t know”. The “old guy” and the “Greek smecher” confirmed: “Yes, he was a weak, pathetic crook. He didn’t have answers to all the justified questions we asked him”. I didn’t participate in the discussion. I tried to leave but I was asked to stay. A new lecture was on the way… “You know, women do love me. They really [...]
“Do you know how much is 3.000.000 Euro?”“Yes, I know. It is 3.000.000 Euro”
Part 2 of the post: “100 suits, 100 pairs of shoes and “3.000.000 Euro” = 102.000 Euro lost…” The “hot” 1977, the year of Thessaloniki’s earth quake My “teacher” asked me to go for a walk, in order for him to discuss with his respectable friends. While waiting for them, I found another 2 offers in the area. In about 15 minutes he called me back. “Look, young boy, it is ok… it is ok… it is ok! I know that it is not easy for you to find good offers, but at least you try” (my “teacher” was generous with me). “So I will grand an audience to this owner and I will negotiate directly with him. [...]
100 suits, 100 pairs of shoes and “3.000.000 Euro” = 102.000 Euro lost…
“Boy, you can take your white Dacia Logan and drive until the land. We will come by our Porsche monster. Hopefully you will not arrive more than 30 minutes later than us, we will not wait you forever”. We entered in our cars. It was 2005 and I was driving a brand new… Dacia Logan. My client chose to enter in the car of his friend, a Porsche Cayenne. The driver was a successful at that time Greek businessman in Romania. Before to leave, I also learned my lesson by my client, my… “teacher”: “This car costs 105.000 Euro”… “These clothes cost 3.000 Euro”… “These shoes cost 700 Euro”, “he showed [...]
I apologize but I thank you as well! Imi cer scuze si va multumesc in acelasi timp!
I apologize for the inconvenience, but due to the increased number of visitors my blog was down sometimes during the previous days. Now I have upgraded the server and I hope that there will be no problem again. But I would like to thank all of you, for your daily support and trust in my attempt to share with you all my tips, analyses and stories for the Romanian Real Estate market. Soon, more surprises are coming! Thank you! Imi cer scuze pentru inconveniente dar datorita numarului mare de vizitatori pe blog, acesta nu a fost functional cateva ore, zilele trecute. Acum, se lucreaza la schimbarea [...]
“Do you listen to yourself?”“No, why should I?”
- “Ilia, how are you today?” – “I survive, how about you?” – “I need to meet you, it is urgent. I have some big opportunities for you or your clients”. – “Nice, what is it?” – “A list of lands, all of them directly from owners”. – “How about the prices?” – “I will send you the email and you will check them by yourself”. – “Ok, shoot!” (20 minutes later…) – “Did you receive the offers?” – “No, I received a wrong email. I think you sent me something from the past”. – “What past? These are the offers of the owners today”. – “I like some of the properties, 3 or 4, but I don’t dare informing my clients [...]
Q: How did 2012 start for the residential market in Iasi?
Dan Mihoci: The real estate market is headed towards normalcy, without “sentimental” pretentions of the seller or unfounded requests from buyers with an evident need for consultancy, for both buyers and sellers. Despite the bad weather and the economic and political instability, the real estate market is an interesting chapter for everyone.
Q: In 2011, the year started with a high level of interest but few transactions. How did the market evolve ... 

5 questions regarding our Capitalism. Is it the one we wanted to live in?
Today I will not write to you about Real Estate. Respecting the national strike, I will just share with you some thoughts and questions I have about the world economic environment in which we all live. I don’t expect you to reply to me. Actually, I am sure that many of you will share the same opinions and questions. My beliefs: Capitalism with the State controlling the system and the weak people being protected I always preferred Capitalism. It is not the perfect system, but so far we have not found any other system which provides so many opportunities to so many people. On the other hand, I believe [...]