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Originally Posted by quiet
and now we are going to get hit with a deflation in property value (at least in Whistler).
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I have been reading a lot on this as I live in Rio and we have the summer 2016 games. I bought a second condo close to the action and on the beach in the hopes that we get a runup.
They are pouring 15 billion USD into infrastructure before the games. Add in the world cup in 2014 and hopefully Rio will benefit from the world spot light from all of this BUT it does seem as if the gaains are before the games and it is better to sell before then reap the rent benefits of the 17 days. Is that what you are hearing too?
There is a definite benefit to the tourist industry for a few years after the games.