{"id":18025,"date":"2021-04-06T07:29:36","date_gmt":"2021-04-06T14:29:36","guid":{"rendered":"http:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/?p=18025"},"modified":"2021-04-06T07:29:36","modified_gmt":"2021-04-06T14:29:36","slug":"overnight-news-the-full-uruguay-intellectual-capital-is-now-transnational-and-so-are-commercial-and-residential-real-estate","status":"publish","type":"post","link":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/18025\/overnight-news-the-full-uruguay-intellectual-capital-is-now-transnational-and-so-are-commercial-and-residential-real-estate\/","title":{"rendered":"Overnight News: The Full Uruguay: Intellectual capital is now transnational \u2013 and so are commercial and residential real\u00a0estate."},"content":{"rendered":"

\"Ya

\u201cOff-shore your dog and you\u2019ve off-shored all the\u00a0world!\u201d<\/p><\/div>If you know when you hire them that your employees will never, ever be coming in to the office, why would you care where they live? Bandwidth-permitting, why not Uruguay? Better yet, why not recruit \u2013 with no worries about visas \u2013 from Uruguay’s intellectual elite, instead?<\/p>\n

That flips the script on the remote-work question: How are you gonna get \u2019em back to Paree, after they’ve smelled fresh air? You won’t. Instead of continuing to try to make that beehive disease vector of an office work \u2013 situated, as it is, amidst a newly-police-demoralized warzone \u2013 when employers wake up and embrace the actual<\/em> “new normal,” the whole world changes.<\/p>\n

Intellectual capital is now transnational, or it soon will be. California fears Texas, but Texas should fear Uruguay or The Philippines or the vast and hugely anglophilic subcontinent of India.<\/p>\n

Commercial real estate is now transnational \u2013 and immensely redundant.<\/a><\/p>\n

Residential real estate is now transnational. Ex-pat retirees have known this for decades: Living elsewhere on an American income makes for a nice life. Wages will flatten, but now you don’t have to retire to live in paradise.<\/p>\n

The Full Uruguay is already here, at least within the U.S. But it’s here, too, in all of the casual off-shoring already underway \u2013 and in the digital nomads who have been working this way for years. Elon Musk promises anywhere-internet, along with the power to drive it. ‘Knowledge workers’ can now work from anywhere, including Montevideo.<\/p>\n

Call it globalization-by-internet, The Full Uruguay will tend over time to flatten wages and housing prices \u2013 as it craters the value of office space.<\/p>\n

Incredible homes can be yours cheaply, but you must act soon. \ud83d\ude09 Meanwhile, consider that you now face global competition from people much better-prepared than you \u2013 who are willing to work for much less. Plan accordingly…<\/p>\n

In other news:<\/em><\/strong><\/p>\n

CNBC:<\/strong> \u2018This is not the time for amateurs,\u2019 says real estate agent in a fiercely competitive housing market.<\/a><\/p>\n

Housing Wire:<\/strong> CFPB proposes foreclosure ban until 2022.<\/a><\/p>\n

Fox News:<\/strong> Portland police look for exit, say they\u2019re \u2018burned out\u2019: report.<\/a><\/p>\n

The American Mind:<\/strong> Permanent Racism.<\/a><\/p>\n

The Read more<\/a><\/strong><\/p>\n","protected":false},"excerpt":{"rendered":"

\u201cOff-shore your dog and you\u2019ve off-shored all the\u00a0world!\u201dIf you know when you hire them that your employees will never, ever be coming in to the office, why would you care where they live? Bandwidth-permitting, why not Uruguay? Better yet, why not recruit \u2013 with no worries about visas \u2013 from Uruguay’s intellectual elite, instead? That […]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_crdt_document":"","_jetpack_newsletter_access":"","_jetpack_dont_email_post_to_subs":false,"_jetpack_newsletter_tier_id":0,"_jetpack_memberships_contains_paywalled_content":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":"","jetpack_post_was_ever_published":false},"categories":[29,26,6,5],"tags":[],"class_list":{"0":"post-18025","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"hentry","6":"category-group-therapy","7":"category-lending","8":"category-marketing","9":"category-real-estate","11":"no-featured-image"},"jetpack_featured_media_url":"","jetpack_sharing_enabled":true,"jetpack-related-posts":[{"id":1093,"url":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/1093\/lucky-number-13-james-hsu-a-math-god-for-our-pantheon\/","url_meta":{"origin":18025,"position":0},"title":"Lucky number 13: James Hsu, a math god for our pantheon","author":"Greg Swann","date":"March 1, 2007","format":false,"excerpt":"Today we are adding contributor number 13, James Hsu: James Hsu is a Realtor and Real Estate Investor working in suburban Seattle. From math to computer science to medicine to web development, James may be the whole Realtor 2.0 package personified. These capsule biographies are cruel in their brevity, so\u2026","rel":"","context":"In "Blogging"","block_context":{"text":"Blogging","link":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/category\/blogging\/"},"img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":818,"url":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/818\/bloodhoundblog-at-six-months-getting-our-legs-under-us\/","url_meta":{"origin":18025,"position":1},"title":"BloodhoundBlog at six months: Getting our legs under us . . .","author":"Greg Swann","date":"December 29, 2006","format":false,"excerpt":"BloodhoundBlog is six month's old today. The first post, an accidental prophesy, was about the incipient disintermediation of for-pay content providers in the age of the internet:If almost-as-good is free or nearly free, what is the market value of slightly-better?I documented the birth of the blog soon thereafter, but it's\u2026","rel":"","context":"In "Blogging"","block_context":{"text":"Blogging","link":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/category\/blogging\/"},"img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":2874,"url":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/2874\/as-california-goes-so-goes-the-nation\/","url_meta":{"origin":18025,"position":2},"title":"As California Goes, So Goes the Nation","author":"Sean Purcell","date":"April 1, 2008","format":false,"excerpt":"Sometimes local news is national in nature.\u00a0 This is often true when it comes to California.\u00a0 With such a large population and a history of \u201cactive\u201d politics, many of the laws and regulations that California passes eventually migrate to other states; sometimes this is reminiscent of a rainbow spreading across\u2026","rel":"","context":"In "Blogging"","block_context":{"text":"Blogging","link":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/category\/blogging\/"},"img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":18028,"url":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/18028\/overnight-news-if-ibuyers-sell-slowly-and-weakly-in-an-impossibly-easy-market-how-much-worse-will-they-do-when-the-worm-turns\/","url_meta":{"origin":18025,"position":3},"title":"Overnight News: If iBuyers sell slowly and weakly in an impossibly-easy market, how much worse will they do when the worm\u00a0turns?","author":"Greg Swann","date":"April 7, 2021","format":false,"excerpt":"Real estate is kids and dogs, but real estate sales is entrepreneurs. I was interviewed yesterday on the future prospects of the big-name iBuyers, whose numbers are everyday augmented by many, many no-name iBuyers. I'm a bear, of course. When the market turns, the slow-selling pontificating poindexters will discover why\u2026","rel":"","context":"In "Group Therapy"","block_context":{"text":"Group Therapy","link":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/category\/group-therapy\/"},"img":{"alt_text":"Ya think it's easy?","src":"https:\/\/i0.wp.com\/www.bloodhoundrealty.com\/BloodhoundBlog\/wp-content\/uploads\/2020\/08\/BHBNewTopImage-300x225.jpg?resize=350%2C200","width":350,"height":200},"classes":[]},{"id":9538,"url":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/9538\/pardon-me-sir-but-have-you-seen-the-special-on-grey-poupon-at-wal-mart\/","url_meta":{"origin":18025,"position":4},"title":"“Pardon me sir, but have you seen the special on Grey Poupon at Wal Mart?”","author":"John Rowles","date":"August 17, 2009","format":false,"excerpt":"UPDATE: Buy the T-Shirt at Cafe Press! Yep, that's a Rolls Royce Phantom (2008 MSRP $340,000) in the parking lot of the Newport RI Wal Mart captured with my phone on Saturday. The headline is my best shot at a caption (YouTube has the old Grey Poupon commercial). What's yours?","rel":"","context":"In "Real Estate"","block_context":{"text":"Real Estate","link":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/category\/real-estate\/"},"img":{"alt_text":"rolls_royce_phantom_wal_mar","src":"https:\/\/i0.wp.com\/www.bloodhoundrealty.com\/BloodhoundBlog\/wp-content\/uploads\/2009\/08\/rolls_royce_phantom_wal_mar.jpg?resize=350%2C200","width":350,"height":200},"classes":[]},{"id":138,"url":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/138\/the-elemental-aimlessness-of-mls-lessness\/","url_meta":{"origin":18025,"position":5},"title":"The elemental aimlessness of MLS-lessness . . .","author":"Greg Swann","date":"July 26, 2006","format":false,"excerpt":"Citing an article from the Boston Globe, the Real Estate Investing For Real bog insists that:There should be a system where anyone, real estate agents, FSBOs, etc., can list or search for properties.Great news! Such a tool exists. It's called the classified section of the newspaper. Not so cheap to\u2026","rel":"","context":"In "Blogging"","block_context":{"text":"Blogging","link":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/category\/blogging\/"},"img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]}],"_links":{"self":[{"href":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/wp-json\/wp\/v2\/posts\/18025","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/wp-json\/wp\/v2\/comments?post=18025"}],"version-history":[{"count":2,"href":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/wp-json\/wp\/v2\/posts\/18025\/revisions"}],"predecessor-version":[{"id":18027,"href":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/wp-json\/wp\/v2\/posts\/18025\/revisions\/18027"}],"wp:attachment":[{"href":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/wp-json\/wp\/v2\/media?parent=18025"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/wp-json\/wp\/v2\/categories?post=18025"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/wp-json\/wp\/v2\/tags?post=18025"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}