Well in hindsight is probably not that interesting
But today i was working (totally real estate unrelated)
Doing my work minding my own business and i heard a colleague that i barely know start a conversation about real estate investment
One was a Asian lady in her 50s been here 20 years and the other a guy about 40
Any way i was quietly listening in and the conversation went something like this
Oh I'm looking to invest in real estate
you should look at buying otp in my areas. They are "insert suburbs north of Melbourne "
What's so good about them
well if you buy oto. You can save on stamp duty which is like 5% and you are buying at today's Prices so you will get growth.
Plus these areas have already gone up 14% in the last year! !
I got pulled away at that moment. But im not judging or saying he is wrong but it's an interesting mentality coming from a person i have to assume isn't a big investor
I might have joined in the conversation but i would have probably advised against it
interesting mentality/conversation i heard today
But today i was working (totally real estate unrelated)
Doing my work minding my own business and i heard a colleague that i barely know start a conversation about real estate investment
One was a Asian lady in her 50s been here 20 years and the other a guy about 40
Any way i was quietly listening in and the conversation went something like this
Oh I'm looking to invest in real estate
you should look at buying otp in my areas. They are "insert suburbs north of Melbourne "
What's so good about them
well if you buy oto. You can save on stamp duty which is like 5% and you are buying at today's Prices so you will get growth.
Plus these areas have already gone up 14% in the last year! !
I got pulled away at that moment. But im not judging or saying he is wrong but it's an interesting mentality coming from a person i have to assume isn't a big investor
I might have joined in the conversation but i would have probably advised against it
