4 ms·
They are, as the article explains, real-estate investors who do not always examine properties before purchasing them. The couple knew that Presidio Terrace was
by EtDybNuvCu 9y ago
They are, as the article explains, real-estate investors who do not always examine properties before purchasing them. The couple knew that Presidio Terrace was in a nice neighborhood and seemed to be very well-priced, and they also were bidding in many auctions, so that they probably would not have cared about precisely which properties they acquired.
- ProAm 9y agoAnd there were others bidding on it as well, it wasnt a secret these people just happen to win the auction.
- michaelchisari 9y agoI already understood their motivation and situation. But I still find it concerning. Maybe it's the bitcoin effect, but when people start investing in things they don't know anything about, that sets off my alarm.
- rendall 9y agoWhat alarm bells, out of curiosity? There is always risk in investment and investing in property sight-unseen is perhaps very risky, but they felt like it was worth it to them. As the article said, sometimes you can sell off their investment for a profit. Other times, evidently, you can annoy the politically powerful.