Lol no. It was more like โI can see I lost almost all of my money in my bank account, but the bank just filed for bankruptcy and I might lose that now tooโ. And that kept happening every day. Every time you wake up, bad news. Friends parents losing jobs, people moving (not by choice). Nightmare fuel.
@realEstateTrent Subdivide and rezone it for one row of high density townhomes with terrible access and flip the entitlements to a mf dev group. Worth more per acre than retail. If youโre in a supply constrained housing market the ahj canโt really say no.
@jaybronious Classic mixup, she is referring to her friend Johnny Hopkins, not the prestigious university. It was her, Johnny Hopkins and Sloan Kettering, and they were blazing it up every day.
@unusual_whales All speculative debt gets repackaged and sold to pension funds. Literally the same for every single sector of real estate and financial markets. Those funds invest in the securities on purpose, they arenโt getting tricked. Itโs a free market, they donโt have to buy it.
@BowTiedBull Well the golden years of property developers is typically late in life too, 50s and 60s, so I guess Iโm screwed - but I like to think theyโre in it for the love of the game and having fun in the later years compared to slaving away looking at screens