Michelle Farrugia
Region: CA
Sunday 24 September 2023 18:29:41 GMT
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Comments
MillennialMoron :
Lots of cases like this. And yet my comments are still full of people saying nobody ever loses money in real estate lol
2023-10-02 07:31:15
102
Hopelessgarden :
Exactly! That’s why landlords need to realize it’s a risk and not expect tenants to make them rich.
2023-09-28 00:27:29
15
JWood :
Real trick was to be 30 years younger so you could buy when homes were not priced based on there 30 year rent potential outlook.
2023-09-26 17:55:30
57
Lubin Tasevski Realtor 🇨🇦 :
this example is the same as gambling at roulette with the money you got from a credit card cash advance. "put everything on red"...
2023-10-04 02:09:30
14
JmeWeb :
If you’re a contractor buying into real estate, if you can’t fix and flip it in 30days, don’t do it.
2024-03-30 23:20:54
1
Gen X :
Very good explanation of real estate risk
2023-10-06 11:32:07
8
brandnewinb0x :
Nah the builder contracts are always totally in the builders favour. THEY WROTE THE CONTRACT!
2023-11-13 15:43:42
1
PETROS :
You must be able to close !!
2023-11-25 03:36:02
1
lulutonic :
He clearly gambled and lost but shouldn't be legal to sign the agreement in the first place if you already can't afford the original price
2023-10-11 17:34:17
1
bex_rdw :
There are also fewer and fewer builders who allow assignments anymore
2023-10-19 23:34:05
1
Ray :
thank you atleast some one is taking sense and not saying buy buy buy - best time to buy ! LMAO
2023-10-12 02:24:28
1
Daniel Lowing :
So the constructer didn't do his homework either? He/she doesn't have to verify the Financials of the buyer before signing the contract?
2023-10-21 03:54:43
1
Sherlock's bakery :
thanks for the detailed explanation! Ixd never heard of preconstruction flipping and I could 100% follow + I learned what preconstruction flipping is!
2023-10-14 04:48:05
2
theSEMguy :
He’s out 10% on the closing costs alone. It was not a sensible investment to begin with(even if it did appreciate).
2023-09-25 05:53:28
3
B Skinny :
Bankruptcy
2023-10-08 20:57:42
1
clowntown12345 :
real estate in canada was an amazing investment with no or little money from 2000 to 2020
2023-11-14 18:57:10
2
Uncle G :
Maltese?
2023-09-27 15:33:06
2
Leo :
wow, makes sense. 😳
2023-10-20 17:45:09
1
lotusgeena :
The builder I worked for never allowed assignments even when the market was booming.
2023-10-05 21:47:29
4
anthonyyan8 :
the way I gasped when u moved and showed what actually happened 😭
2023-10-16 18:04:22
1
Chad J. Mac Donald :
But my realtor told me that prices only go up and if we didn’t buy we would never own a home for our entire lives.
2023-10-14 01:42:24
1
naturallyhonest :
How did he get accepted without a mortgage pre-approval
2023-10-03 03:11:48
1
John39999 :
That why they put a stop to this in 1989. But somehow it came back
2023-09-27 23:45:24
1
Vay Paquette :
You’re so smart
2023-09-25 00:30:34
2
Victoria S. :
Do the developers not want to see that you are capable of closing before completing the contract?
2023-09-26 16:15:38
1
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