Every once in a while I get the shit kicked out of me, awakening me to the fact that I live in an insular world, protected from the realities of life on this viscious and hard little planet.
Here's some information from the Santiago Times that blows my mind:
SHARP PRICE INCREASE FOR SANTIAGO OFFICE SPACE
Tuesday, 17 June 2008
The price of office space in Santiago rose 51.1 percent in the past year, according to a report released on Monday by real estate giant CB Richard Ellis (CBRE). This increase was the highest in all Latin America.
CBRE's report is published twice a year and analyzes the trends in commercial rentals. According to the global survey, office space in Santiago has risen to an annual price of US$420 per square meter (3.28 square feet).
Offices in Rio de Janeiro continue to be the most expensive in Latin America at US$803 per square meter. Prices in Sao Paulo increased by 44 percent, reaching US$769 per square meter. Buenos Aires remains the most economical at US$53 per square meter.
Office space in Latin American remains significantly cheaper when compared to the rest of the world. The most expensive office rentals can be found in London’s West End for a staggering US$3,224 per square meter followed by Moscow for US$2,501.
Despite a precise explanation for the sharp rise in the report, some analysts cite new office buildings as the source of the “Chilean phenomenon.” The new office spaces simply did not satisfy the existing level of demand. “Until now, Latin America had managed to escape the effects of the sub prime crisis and the subsequent loss of economic optimism,” the report stated.
Even with the sharp increase of prices across the region, CBRE adds that there is no reason to worry. Additional office constructions should yield a positive economic turnout for Latin America and, more specifically, Chile in the remaining quarters of 2008.
In an effort to curb inflation, the Central Bank of Chile raised key interest rates to 6.75 percent last week, the highest in nine years. The move could further influence CBRE’s next report on commercial rentals.
Can you fucking believe it? That's like $128 per square foot per year! I'm going apeshit over paying $12 per foot! Businesses in Chile are paying ten times what I'm prepared to pay! That's absolutely absurd! There is no legitimate business in the world that would find $128 per square foot to be a reasonable price.
And if that's not enough to make you cough up blood, how's this?
AVOCADO PRICES FALL BY 12 PERCENT
Tuesday, 17 June 2008
A recent Ministry of Agriculture survey showed an average of 12 percent decline in avocado prices last week, after two weeks of sustained price increases.
Avocado has been one of the agricultural products most affected by price inflation, with recent Consumer Price Index (CPI) showing a 151 percent increase since last year (ST, June 6).
The Ministry’s weekly survey looks at the prices of the 20 most-consumed fruits and vegetables in supermarkets and street markets in the Santiago area.
According to the survey, avocado prices weren’t the only ones to decline last week. In supermarkets, the price of oranges and lemons each fell by 10 percent, while in street markets the biggest declines were in zucchini and kiwi, which dropped 38 and 16 percent, respectively.
In supermarkets, the highest price rises were seen in onions (21 percent), sweet peppers (16 percent) and kiwis (15 percent). In street markets, sweet peppers jumped by 33 percent, while green beans and bananas increased by 29 and 22 percent, respectively.
Can you believe week-to-week price variances of 21 percent in onions? Or 33 percent variances in sweet peppers? My god, if I had to cope with those prices and those price changes, I would most certainly go off the deep end, spraying large groups of unsuspecting and undeserving people with machine gun fire as I laughed wildly about the unfairness of the color blue!
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