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oldtime
Registered: Jun 2011
Posts: 7357 |
07-21-12 06:38 PM
I'm watching on the news and the police are totally disrupting somebody's otherwise conservative investment.
You count your cost, you buy an apartment building, you tighten your belt, and hold your breath, and then one night, some crackpot destroys your whole life savings.
Who is going to repay the owner of the apartment building for all the damage?
I've heard of flood insurance, fire insurance, earthquake insurance, but do they have crackpot insurance?
This poor guy, unless he is charging the media for access, can kiss goodbye whatever he projected he would make on that apartment, or for that matter the whole building.
It's a shame
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FreakofNature
Registered: Jun 2011
Posts: 1059 |
07-21-12 06:47 PM
Quote from oldtime:
I'm watching on the news and the police are totally disrupting somebody's otherwise conservative investment.
You count your cost, you buy an apartment building, you tighten your belt, and hold your breath, and then one night, some crackpot destroys your whole life savings.
Who is going to repay the owner of the apartment building for all the damage?
I've heard of flood insurance, fire insurance, earthquake insurance, but do they have crackpot insurance?
This poor guy, unless he is charging the media for access, can kiss goodbye whatever he projected he would make on that apartment, or for that matter the whole building.
It's a shame
The lunatic who rented it, if he is unable to, the government.
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pupu
Registered: Dec 2008
Posts: 497 |
07-21-12 07:30 PM
Guy goes to college to study neurobiology
Turns out as brilliant student and gets his degree
After graduating only gets a job offer from... McDonald's
Goes Postal
We're lucky that no more recent graduates are blowing up like this in today's economy
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oldtime
Registered: Jun 2011
Posts: 7357 |
07-21-12 07:42 PM
Quote from pupu:
Guy goes to college to study neurobiology
Turns out as brilliant student and gets his degree
After graduating only gets a job offer from... McDonald's
Goes Postal
We're lucky that no more recent graduates are blowing up like this in today's economy
yeah, but I don't care about the kid, or what caused him to go beserk, I care about the poor guy who rented him an apartment.
The kid will spend the rest of his life in jail, three squares and a bed, but what about the owner of the apartment complex whose property is getting destroyed daily?
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trade2live
Registered: Jan 2009
Posts: 314 |
07-21-12 07:43 PM
direct ownership of RE is not a conservative investment, I guess this is part of the risk of owning property. Anyway landlords in these type of apartment building complexes are usually out to milk tenants all they can, I would tell him to see it as cost of doing business .
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oldtime
Registered: Jun 2011
Posts: 7357 |
07-21-12 07:52 PM
Quote from trade2live:
direct ownership of RE is not a conservative investment, I guess this is part of the risk of owning property. Anyway landlords in these type of apartment building complexes are usually out to milk tenants all they can, I would tell him to see it as cost of doing business .
I recently sold my house and moved to an apartment. My landlord is very good, he gives me good value for a wonderful old apartment (built back when they cared) and fixes anything immediately if it goes wrong.
Where you get this idea that most people are any one way is just a stereotyipcal shortcoming on your part.
But I will say this, most people who reply to threads I start are total idiots.
Thanks for the reply
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