Quote:
Originally Posted by Hondaracer
My Neighbor has a friend in Brentwood I’m assuming it’s on the east side of the mall
His house is assessed at 860k and my Neighbor said it’s just some dumpy old house never been renoed, borderline hoarder etc.
A developer is offering 3.2 mill to the guy to buy it, likely to build a high rise. However I guess there is one stickler in the group who built a house in the last 5 years and isn’t budging. Told him to tell his buddy to get the rest of the people on board and each chip in 50k or whatever of their own profit to pay the guy off because fuck, you ain’t ever going to get an offer like that again.
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I know a guy who bought a Vancouver special for ~800K 7-8 years ago and capitalized on this exact situation. He sold it for 2.4M like 13 months later and avoided capital gains. Now he has a very nice place and no mortgage. Some people have all the luck.