Efficient markets/jurisdictions to put 20-30m in real estate for passive income?
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I guess cryptofriendly means trusts - Law on Trust was published in 2019. It's not something "secret" that should not be posted here, honestly. It's also not a legal ownership at all. It's just a bit more formal way of the old nominee arrangements. Now nominees are called trustees, need to get a license and trust deeds should be entered into government database. Trusts are supposed to be about trust (ugh). The law is new and not tested, Cambodian lawyers are not really known for trustworthiness or the government for stability.
Yeah, that's right. One doesn't really need a lawyer for that, it can be done directly via the banks that have been licensed as potential trustees. Two of the eight with license look pretty safe and established for me.
Regarding the stability of the government, the same government has been in power since 1984, are there any governments in existence worldwide with a longer track record nowadays?
And if it's good for the Chinese, it should be good enough for myself as well, as long as it's not something some okhna wants to have for himself. I don't have the current numbers, but:
"Trust Law has had a profound impact on foreign investment in Cambodia's real estate sector. As of the second week of November 2023:
- Trust registrations reached 683 cases
- Total investment volume surpassed USD 1.223 billion
- 552 foreign investors were involved, contributing USD 580 million"
true, but then what is something that could 1) store/preserve value 2) generate income irrespective of financial shocks?
I am getting more paranoid that bitcoin has been completely hijacked by us politicians and wall street and nothing good will come of it...
yes, global economic collapse; yes, possible USD crash; Great Taking is a conspiracy theory that seems to check out; google it; sounds scary;
not sure if real estate is a good harbour, but possibly it's the least worst?
read above about my concerns about bitcoin having been hijacked
Dubai is such a crowded trade that the contrarian in me avoids it. Literally all sorts of scammy characters (crypto scammers, sanction evaders, organized crime leaders, etc) are all cashing out into properties in Dubai. From what I understand they have a hard time to resell, since there is so much new supply; also quality of real estate goes down;
I also don't trust that place in my gut; something tells me Dubai is a big mousetrap (maybe I'm paranoid....) - also, why does every person of significance who moves there suddenly takes to social media to say how wonderful everything is. are they kept as financial hostages?... (again, maybe I am paranoid; but I am not singing on social media about a place where my life is great); feels like one of those movies about some perfect happy village, which in the end is revealed to hide a horrible secret.
sorry for the confusion. in this case i meant efficient for me, not for markets
Maybe, just maybe self-custodied BTC survives the great taking. the question is whether it will still maintain its value
Great Taking scenario does not predict confiscation of real estate, provided there is no mortgage / debt attached to it.
expropriation is something that concerns me and I am painfully aware that even places that used to respect right to property and rule of law, have been eroding those values, hence I am only looking at stable / safe places.
if that exists. I am trying to brainstorm here, since I have found no interesting offers / options elsewhere and I have been everywhere.
every single offer I have reviewed seems like a scam
trading has probably given me more health problems from stress and unhealthy lifestyle/habits than anything else... and it's anything but passive
Yes, whole apartment blocks or self-storage is something I would be interesting
SPX is in a parabolic ATH with metrics way above the dotcom bubble, etc. if it collapses, which I think it will, it can take a decade for it to recover (2000 crash, then double top by 2007 whereby it crashed again and it returned to same dollar values only by 2010 or 2011)
Also, banks holding my SPX can also collapse; I think this is coming soon
I am already in liquid gold. And I am very paranoid about us gov and wall street hijacking it
it was supposed to be an alternative to the parasitic financial and political system, and has become entirely absorbed and integrated into it
they can also short it all the way to 0 using infinite dollars they have at their disposal
anything i keep in banks i assume is not mine and can disappear at any moment; thus i try to keep not more than i need for my immediate expenses short-term;
physical gold (i would not trust a piece of paper) is extremely challenging to source in large quantities, verify and then store safely, or move)
bitcoin uptrend ? I am a bit concerned both about the diminishing returns of cycles, fishy TA (one could interpret the upcoming new ATH as a bearish retest of a 13-year-long trendline) , I am just not sure how everyone is so sure bitcoin will keep going up;
it has become almost a universally accepted wisdom -- and that scares me!
I like the place; but owning anything serious there is sketchy on many levels
physical gold (i would not trust a piece of paper) is extremely challenging to source in large quantities, verify and then store safely, or move)
Wouldn't this provider fulfill all your requirements?
https://www.bullionstar.com/buy/gold-bars
Safe location, audited, insured, offers storage, withdrawal / buy / sale online or on the ground in person, allows purchase with crypto/cash/credit card, big selection of coins / bars / etc., bigger bars close to spot price, quite long track record.
The negative points: big spread on purchase via crypto, and them asking for SOF above a certain amount, but that shouldn't matter if your money is clean.
Not using them personally though, so DYOR.
Last edited: Feb 10, 2025
Hah you got me on stability of government 🙂 As long as those guys are in power trusts should be fine.
It's practically a family business.
With the strong ties to Chinese investors and government, the last thing they'd do is killing the golden geese.
https://www.rfa.org/english/news/cambodia/cambodia-hunsen-07062016175905.html
yeah this one is a good thing and it works smoothly assuming the world remains sane BUT its a big fat sitting duck.
Its all very transparent and just one legal action away from being used for the greater good / defend the monetary system or whatever is the new current thing or simply being invaded by whoever.
This is probably one of the smartest things I've ever read. It deserves to be highlighted.
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