QUOTE(butthead76 @ Sep 13 2022, 07:31 AM)
coming soon, they miss Aug VP, likely missing Sept VP. Think maybe VP is early Oct. Then auction starts likely in Nov or Dec. Next year recession, so you will see easily 40% off market or 10% below developer. 
Does it ever make sense to hold on to a property like this where an external factor has devalued your property substantially? Would you try to sell subsale on VP and cut loss immediately at 20% or more discounted price or slowly wait till the lelong vultures come?
Knowing human emotions, most would be praying and hoping for a miracle out of this predicament. Hence, most don’t think of an exit strategy until too late.
This post has been edited by Cavatzu: Sep 13 2022, 08:02 AM
Sep 13 2022, 07:54 AM

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