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FOUR You said pictures are transportable and houses not. Ok but a Picasso cost 100.000.000 And a Le Corbusier 1.000.000 If a collector would buy another Picasso, I would think, why not to buy 100 architecture masterpieces all over the world instead! A Le Corbusier in Paris 1.000.000 Another masterpiece In London 2.000.000 Another in Tokio a Niemeyer in Rio de Janeiro Some in Singapour, What we shoud have in Sydney? In buenos Aires I,d recommend a Clorindo Testa and an apartment at the Kavanagh of course! in Berlin oh! Here buy 3 or 4 cause it,s (any doubt) undervalued now and so on, ONE HUNDRED!, If there is some problem in Paris, well Move to another city. FIVE And here is a ,,classic,, real estate interpretation: While you wait for the revaluation that the masterpiece could have itself in the future Today you could live in the house you could get a rent, (You cannot do that with the picture), or could have a rent. And being creative... Rent it for art-collectors doing tourism, than instead of sleeping in a hotel, could live and smell the air of let say Le Corbuiser 6 days. (any doubt could ask 3-4 times an average hotel) Or to design related studios (Design: fashion, cinema, etc, etc,) (this is provably also happening somewhere) Or as I said above to house art collections! For art collectors, a painting is a painting, About a chair..., they could sit on it... but we can,t think that they buy it for that. But about architecture, yes they can collect them and also use them, (at least by now, with today prieces). SIX Examples of the past: Many examples of undervalue architecture/areas In Rome The downtown central area of Rome, the very historic center is now the more expensive area, for the very rich, but was absolutely abandoned not so long time ago, And I don,t know how long time ago the ruins where abandoned and people walked over ruins and take the marbles ofthe ruins home to make it,s own house!, In Egypt happened the same. Soho NY Buenos Aires Palermo Viejo neighborhood San Telmo neighborhood Here there was a time that eclectic buildings, were cheap. And about ,,casas chorizo,, ((sausage houses)), very typical from Italian immigration, 15 years ago nobody wanted them, and today are gems that everybody young people looks for. the same I heard happened in San Francisco with the beautiful typical houses. SEVEN Kavanah undervalued? I made a little research: And the Kavanah it,s about a 10%-40% more expensive than an average ordinary apartment some meters away. I,ll be back with a deeper research about it.
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