Editorial, by Stone Korshak
RIO DE JANEIRO, BRAZIL – Real Estate is one of those topics that divides people into two main camps: those who own something and those who would like to. Among foreigners and Cariocas, everyone has an opinion on issues surrounding real estate in Rio; depending on which camp one is in, the conversations differ.
For those who own property, or work in the real estate industry as developers or apartment renters, they see what has happened in Rio as a natural re-alignment of what was a tremendously undervalued commodity. Most will now admit that the approximately . . .