Oyster fund's business plan obviously did not have a 7.73% interest rate. I wonder what interest rates they were planning on? Or perhaps rents would rise sufficiently fast to justify the purchase price and cover the mortgage.
Makes you wonder about the yields that listed companies are planning on.
Maybe the impending depreciation denial is a factor.
No redemptions happening currently but you can sell on Syndex.
I imagine even with Syndex it might still be quite illiquid.
Can you register with syndex and peruse what is on offer?
I guess there would be all sorts of syndicated farms, orchards, vineyards and commercial property on offer.
If it is illiquid there might be bargains to be had.
This wouldn't happen in NZ would it?
Yeah right?
Old apartments anyone? https://finance.yahoo.com/news/poiso...151700886.html
"
The plans for Mediterranean Village include elevator repairs, concrete restoration, improvements to the roof, and even $700,000 for landscaping"
"The Altera Apartments in Stonefields, Auckland, was completed in 2015 by Fletchers, one of our largest residential building companies. But a new TV documentary screening on Prime on Wednesday, April 14 says these apartments, too, have leaky curtain walling and are not fire compliant"
"“It’s about badly built buildings,” Levie tells Stuff. “If a building is leaking, it’s probably not fire compliant, and it probably has structural issues.”"
.https://www.stuff.co.nz/life-style/h...-wider-problem
Reply With Quote
Bookmarks