19
Daily Discussion Thread: Wednesday, October 16, 2024
(aussie.zone)
you are viewing a single comment's thread
view the rest of the comments
view the rest of the comments
this post was submitted on 15 Oct 2024
19 points (100.0% liked)
Melbourne
1865 readers
51 users here now
This community is a place created for the people of Melbourne and Victoria. We are a positive, welcoming and inclusive community. We might not agree about everything, but we always strive to stay civil and respectful.
The focus of our discussions is based around things that effect Victoria, but we are also free to discuss our local perspective on wider issues. Or head to the regular Daily Random Discussion thread to talk about anything.
Ongoing discussions, FAQs & Resources (still under construction)
Adoption Certificate for Nellie, the Daily Thread numbat (with thanks to @Catfish)
founded 1 year ago
MODERATORS
For sure, that's the target market - but the trick only works if the property holds that value in the first place. I don't see 9.3M value here, no matter how you twist and stretch it.
Even if the price drops by 50% when selling, that's still 4.5 million AUD, which is much safer than the CCP taking away all your assets and liquid funds in China.
The security is worth the potential drop.
We may not see it, but banks and buyers will. Those are the parties that matter. It's an absolute shit show but that's the unfortunate reality.