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No fools strayed from 6%As I said before it is very...

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nippy

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07/05/24

22:01

Post #: 73713443
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Originally posted by nursery: ↑

I live in a duplex. It is waterfront. The owner of the other unit is a real bastard and a lot of a problem. I was offered the chance of buying his unit as he now has it for sale. Price $980,000.. It is rented for $700 week. Rates are $2,700 and insurance $2,200. Without allowing for maintenance, it would return
$31,500 pa. If I borrowed to buy it, I would lose around $20,000 per year.

On these prices I should sell mine and lease it back and save the Rates and insurance and be many thousands better off. It looks like it is the tenants that are the leaches.

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No fools strayed from 6%

As I said before it is very simple.

Reversion to the mean will occur. The only question is who will lose the most.

Lots of homeless right now is your first clue.
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