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Re: Forum gossip thread by Lokmar

I just paid $5000 US for a rare coin....

Started by JOE, November 03, 2023, 08:01:42 PM

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JOE

#105
Anyway Oerdin isn't that the tricky problem with real estate? Find a way to get something at a bargain in order to avoid getting caught holding the bag in the end? Where the seller either cant resell ir pay back the loans to buy their re.

I suspect with the slowing economy re prices will drop in 2024 and there should be deals in the coming year if you're in that business

Btw there was a story the other day about a major Vancouver developer who are getting sued in the usa because they can't repay their loans. Looks like its part of the commercial re crisis which we were warned about

Anyway this post sort of relates to my previous one in this thread

TheProwler

Quote from: JOE on December 07, 2023, 05:09:30 AMA person should never buy things unless they can resell them.

What an absolute idiot.


Thiel

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