“Let me make cars. You stick to making tractors.”
Just these 9 words uttered by Enzo Ferrari changed the course of supercars forever.
He was speaking to none other than the now world-famous founder of Lamborghini.
The story goes that Ferruccio Lamborghini, a tractor manufacturer, went to Mr Ferrari to complain about the clutch of his car.
And because he was rudely turned down, Ferruccio Lamborghini went on to create his own supercar.
Source
It’s a real classic cause-and-effect story.
So you might be asking, how does this relate back to investing in overseas real estate?
Well, did you know that property cooling measures in 2010 caused a flurry of local buyers to purchase properties overseas?
Likewise, the same situation is likely to happen now, with the recent cooling measures raising the Additional Buyer Stamp Duty (ABSD) to 17% for buying a second property....