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 How soon can sell property after VP, Need advise about my current situation

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wsoon82
post Sep 21 2022, 06:36 PM

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QUOTE(Cavatzu @ Sep 21 2022, 01:27 PM)
Well yes the flipping of 10 years ago is over. There’s too much supply now and even leftover developer units for any meaningful appreciation to happen. Some highly prized locales excepted. @Iceman has been harping on this for god knows how long.

That being said the easy financing options and cultural preference for virgin units does make under con projects a preference particularly for new buyers. So anyone buying one now, you better live in it or have a plan to hold onto it for a while.
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For all these years he/she has been harping, I continue to buy and still searching, no regret.

The mindset itself has to be right. If just thinking to buy and flip, the risks are of course high.

This post has been edited by wsoon82: Sep 21 2022, 08:44 PM
Cavatzu
post Sep 21 2022, 07:21 PM

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QUOTE(wsoon82 @ Sep 21 2022, 06:36 PM)
For all the years he/she has been harping, I continue to buy and still searching, no regret.

The mindset itself has to be right. If just thinking to buy and flip, the risks are of course high.
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The fact that we’re commenting about this on a thread where someone has gone through some misfortune and needs to liquidate quickly does go back to his point.

Know where you are and aim appropriately. Societal pressure makes people make bad decisions despite the reality. I’d like to dispel that with a healthy dose of negativity.

Our culture focuses a lot on aspirational stuff and branded crap so it needs to be tempered down.

This post has been edited by Cavatzu: Sep 21 2022, 07:22 PM
icemanfx
post Sep 21 2022, 09:16 PM

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QUOTE(wsoon82 @ Sep 21 2022, 06:36 PM)
For all these years he/she has been harping, I continue to buy and still searching, no regret.

The mindset itself has to be right. If just thinking to buy and flip, the risks are of course high.
*
As in crypto and meme stocks, there are always some made $$$ but majority are trapped at 14th floor.


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