3 ms·
> people take a 20% haircut on converting the buildings to condos and/or just selling for the value of the land? Leverage and derivatives completely turn this
by eganist 3y ago
> people take a 20% haircut on converting the buildings to condos and/or just selling for the value of the land?
Leverage and derivatives completely turn this assumption on its head.
- VirusNewbie 3y agoGood reply and argument. Will reconsider my thoughts on this.