You didn't hear me out.Florida wrote:Thank You Lexus.
And vlad, it is not for you. It is not for all readers here (nor
those who don't seem to read well)
Some readers of 440 are not in Cambodia. They, like jackrossi,
and the chinese, americans, brits, and others, might like to hear
why real estate can make sense as a short term play.
It is going to take some amount of writing. And I have read
that readers here can not understand my written english.
I am thinking 100% return in 11 months. I might be wrong.
Wouldn't that please a lot of people here ? But you have to
hear me out, so you can be sure of how wrong I could be.
The 100% return in 11 months comes by paying 30% down,
and having the property go up in price by 30% eleven months
later.
Prices have risen. There is a $300 closing fee for changing
ownership before the final handover of the hard title. I don't
know what sales commissions you might have paid, so I can't
figure those in to the results.
I am guessing that the 30% increase in value is about there.
So those getting the home loan will have made 100% in about
11 months. A short term real estate play that was entirely legal.
Mine was less than the 100% gain because I had more invested
as a result of not getting the loan. Maybe a 70% gain.
I am happy with the deal and look forward to living at
D.I. Riviera, "The FUTURE of CAMBODIA"