Re:SF residents get a shock: Someone bought their street
by ryandrake on Monday August 07, 2017 @06:01PM
(#14951629)
> But maybe they do, but would you spend $100k defending a $90k investment?
If I thought I could successfully "flip" it for, say $500K, which is pocket change for the affected people in that neighborhood, then sure, $190K would be a bargain. And if the 40 property owners could kick in $20K each to sue the investor, surely they'd rather kick in $10K each to buy the street back instead.
If I thought I could successfully "flip" it for, say $500K, which is pocket change for the affected people in that neighborhood, then sure, $190K would be a bargain. And if the 40 property owners could kick in $20K each to sue the investor, surely they'd rather kick in $10K each to buy the street back instead.