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Archive of entries posted on November 2023

The biggest investment opportunity today and tomorrow — distress office buildings. Also bad Thanksgiving humor.

To the new graduate, the question was: “What job are you looking for?” “One I can work at home.” Oiy! That’s our super-intelligent, (super-entitled) younger generation. In 2016, an office building out west sold for $150 million, financed by a $90 million mortgage. That was a “reasonable/conservative” 60% loan to value. The price of the […]