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Local currency is up so I am actually up over 100% if I turn it back to dollars. I wouldn't so that is not part of the deal.
Rents are the crazy part of it. They are about .5% of the properties value. I live in a very nice area. A Louis Vuitton store is 3 blocks away. So in nicer areas rents tend to be a lower % of value but this is really low. So then renting to tourists gets you to 1.5 but there are costs and I am not in Rio 100% of the time etc.
Good news is nothing is on the horizon to change it today but I need a plan.
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