6% rental yield usually exists only on older developments. The newer ones almost always carries a premium.

This fella got caught up by greed. Between attending the course and making the purchase/applying the loan. There was probably a ton of things he could have done for due diligence. The guru potentially led him down the wrong path, but its not completely the gurus fault.

Whether its the wrong path is also up for discussion. The auction unit that came up for robertsons was snapped up on the 1st auction, across the street bbcc is going on full swing. Persqft also higher price.

Anyway, a lot of ppl complain about property speculators making money. Nobody is talking about these fellas.

Should highlight more. Property isnt a sure win thing. Perhaps there will be some auctions down the line, but demand for the property seems to be very good.

Is this a scam? This is a good property, not like Mahsings southville, immediately post vp lelong 30 units.

Theres a post up there where the property was sold during 1st auction. At 1100 persqft, makes me wonder how much this fella bought the property for. Cashback somemore, fella must have geared to the gills. Income gone immediately crater.

Makes me wonder what was going through his head at the time he made the purchase.

All this guru cannot pakai 1. Seems like fr is the only decent one. Even then...

The pendulum swings both ways. Markets go up and they come down.

Drugs and property is not comparable.

A better comparison would be cars. Can someone come up with a hypothetical example with cars?