Quote:
Originally Posted by Presto
It looks like the guy bought the property for 1.4m back in Jul 2021. Along with the 100k fines, and other costs like demo and rebuild, makes it look like he's gonna take a bath on this for sure.
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No way, that 1 year had sizzling 20% returns
1.4mil x20%= 1.68mil, bump it to 1.78 or 1.88 with the "renovation"
Take off 0.1 for fines he's never gonna pay, another 0.1 to swindle the buyer, another 0.1 for current interest rate "losses", another 0.1 to revert property back to normal
Unless the banks and courts put on a stop sell order, he might even break even
I'm just talking out of my ass, someone please quote this 5 years from now when it's all settled, and someone posts a theonion or dailyhive article on it