3 ms·
Its a bit shocking that this was listed for less than $1M in 2019 (https://images1.loopnet.com/d2/2Vrc0SwjmdZElIikDsbDegOdsX10L_vChEFELVXsKUs/document.pdf https
by ganeshkrishnan 2y ago
Its a bit shocking that this was listed for less than $1M in 2019 (https://images1.loopnet.com/d2/2Vrc0SwjmdZElIikDsbDegOdsX10L_vChEFELVXsKUs/document.pdf https://images1.loopnet.com/d2/2Vrc0SwjmdZElIikDsbDegOdsX10L...) .
In less than 5 years, price has more than doubled or roughly 25% each year.
Apparently this was an AT&T data center.
- beaeglebeachedd 2y agoIf they financed $1M @3%, they're printing about 5% a year (negative 5% real interest). That's 1.5M free money in 30 years. So really they're just asking you to buy out their opportunity cost of the feds free wealth redistribution from property non-owners to owners circa COVID.