Re:Buy payphones and retire
by throwaway2037 on Tuesday October 29, 2024 @05:39AM
(#41981505)
Thank you to share this data. 320->240 in 5 years is 5.6% compounded. It is hard for home prices to outpace a combination of inflation and real economic growth rates for very long. As some point, home prices stall out because buyers cannot get enough leverage from mortgages.
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This has nothing to do with houses.
This is buying multi-million dollar struggling apartment complexes and completely overhauling them and then selling them, and then repeating at a whole new location.