tag:blogger.com,1999:blog-6955370338439917430.post7287387634688087726..comments2023-10-20T07:31:25.948-07:00Comments on Not Fooled By Property Spruikers Hype: Sunk In SorrentoNot The Greater Foolhttp://www.blogger.com/profile/07017076350566919683noreply@blogger.comBlogger5125tag:blogger.com,1999:blog-6955370338439917430.post-50126263598927023612011-11-25T19:48:41.971-08:002011-11-25T19:48:41.971-08:00As I've said in a more recent thread, the plac...As I've said in a more recent thread, the place is now on offer (26th November 2011) for "Offers from $1,990,000" Since Sasha paid $2,175,000 for it in the first place (no doubt thinking she had a bargin beating the seller down from $2.5 million) she is now making a loss of $185,000 on the purchase price alone. If, as our host says, she really put $200,000 into the renovation work, she has now LOST $385,000 - assuming someone buys it now at the asking price! And she's a "professional", not some "mum and dad investor type" or some OS investor who knows little about Perth. I notice that she displays this house on her website claiming that the renovation work has INCREASED the value by $500,000!!! If that's really the case, does this mean if left in original condition (with just regular maintenance) it would not be worth just $1,450,000? I guess that explains why it's rented out at about $1500 per week. Weekly rent was always reckoned to be about 1/1000th of the property value before the hubris of "the boom".PThttps://www.blogger.com/profile/02930527627157033174noreply@blogger.comtag:blogger.com,1999:blog-6955370338439917430.post-8233865825093900732011-11-25T19:41:41.708-08:002011-11-25T19:41:41.708-08:00Nice looking place, Brandon. Why don't you ta...Nice looking place, Brandon. Why don't you take it off her hands! I'ts now 6 months down the track and she's been forced to slash the asking price by 25% and apparently has no takers!PThttps://www.blogger.com/profile/02930527627157033174noreply@blogger.comtag:blogger.com,1999:blog-6955370338439917430.post-81397435753059441832011-07-25T23:23:17.016-07:002011-07-25T23:23:17.016-07:00It's a beautiful house before.It becomes perfe...It's a beautiful house before.It becomes perfectly beautiful after.Love looking at it.<br /><br /><a href="http://www.BillBarnettNow.com" rel="nofollow">Real Estate Seminar</a>Brandonhttps://www.blogger.com/profile/09648429759411943978noreply@blogger.comtag:blogger.com,1999:blog-6955370338439917430.post-88339631153621613462011-04-23T03:01:50.628-07:002011-04-23T03:01:50.628-07:00There are so many people that are going to be smok...There are so many people that are going to be smoked by this...not only housing but also exposure to shares as many have borrowed to buy shares.<br /><br />Making money by not doing a lot...well not actually creating anything of meaning.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-6955370338439917430.post-7249834286051906442011-04-20T22:10:44.500-07:002011-04-20T22:10:44.500-07:00Who's a greedy girl then!
Got to love all thos...Who's a greedy girl then!<br />Got to love all those smilling faces, they all have diplomas and stuff. Making money was never easier.newsandgroperhttps://www.blogger.com/profile/00792486781941903280noreply@blogger.com