Venezuela city turned to ghost town after massive migrationQuote:CARACAS,
Three years ago, asphyxiated by Venezuela's economic meltdown, Francisco Rojas and his wife Elena packed up four suitcases with the barest of essentials and walked out of their Caracas apartment.
It has remained empty ever since.
DESERTED
Toothbrushes are still perched on the bathroom sink, the refrigerator runs with only ice and tomato sauce inside, and the bar is empty except for a lone bottle of rum.
Deserted homes, desolate apartment blocks and stagnant markets for both renters and buyers are yet another disheartening by product of the South American country's dire economic straits, which have prompted a mass exodus.
Quote:When the couple left Venezuela, they simply locked the doors to the apartment rather than selling it, even though the money would have helped. Bought for $100,000 in 2014, their home had already lost half of its value.
Quote:Roberto Orta, president of the Metropolitan Chamber of Real Estate in Caracas, says properties have lost 70 to 80 percent of their value over the last five years.
"An apartment that cost $170,000 is worth no more than $70,000 today. Someone offers $50,000 and the owner prefers to leave it locked," real estate broker Carolina Quintero told AFP.
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Be careful as the NSE 20 Share Index goes sub 2000s. The Crises that will accompany that fall will be devastating.
As a start buy a Safe and keep your
hard cash under the mattress. Avoid debt and divest from the NSE. Be safe.
Conventional thinkers waste time building shelters when they are unnecessary and then have no shelters when they need them the most. Socionomists do the opposite.