Category Peru

Guest post: Popular!

Let's see this guy get 75% approval.

Let's see Bieber get 75% approval.

Otto writes: Every few months, reliable Mexican polling company Mitofsky puts together its Poll of Polls on the popularity of Heads of State in The Americas, then publishes its findings. That’s what they did scant hours ago and here’s how things look for the continental bigwigs at the moment, colour-coded chart and all. We even do a table if that big graphic is too messy and big for you.

Lima real estate: Stats underestimate bubble

In which your correspondent is informed that he was more right that he knew. (Image by Christian Haugen, CC-BY-2.0, www.creativecommons.org/ licenses/by/2.0, via Wikimedia Commons)

(Another guest post from our friend Otto.)

After yesterday’s post on the rapid rise in real estate prices in residential ‘hoods of Lima, Peru, your author had an interesting exchange with a friend who lives there and is immersed in the issue (his ID will be reserved, however). Here’s what he said:

…those are average, not real prices, so don’t try to go shopping for apartments relying on them. As my stats teacher said: ‘beware of statistical data because if I eat a chicken and you eat none, statistics will say we ate half each, which is not true.”

So number-nerd is as number-nerd does, I poked him with a stick by shooting this back:

Good news from Peru!

Falabella worker offering credit cards to riot cops in Lima, Peru, March 2011. Photo by Steven Bodzin

(Special guest post from Otto Rock.)

The good news is that newly available personal credit and expansion of low-to-no downpayment mortgage market hasn’t caused a dangerous looking real estate price bubble in the country as yet.

Oh, hold on a moment….