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Lepus Felix
Louis Rossmann
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Comments by "Lepus Felix" (@MasticinaAkicta) on "How much for this skinny 4 floor 120 yr old building in NYC?" video.
Talk about pricing yourself out of the market. Or should I say, having such high costs that NOBODY can keep living in an area. Yes Location, Potential I know! But how long before thew world is back to normal. IF the world ever returns to "normal" What if it doesn't... What if market values of certain areas crash... what if even over 5 years people are careful with traveling or what they do!
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Anything wrong with pointing at insanely high prices of an overheated market that is bound to crash, before it crashes? It is great to know just how bad things can get, before it blows up and returns to a more suitable level. It is called, knowing economy!
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You have to remember he deals with commercial business. He runs a company with a specific market. How many people want their Macbooks repaired in Boise, Idaho? Sad but true, for some businesses you have to be close to the customer base. Also, you think he ever would buy that whole building? Really?
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And if it was just housing, not running a commercial job, yes 27M will buy you a lovely farm, with either a big mansion or the potential to build a mansion. Or if you like something smaller and fitting... a few cars, horses, etc.
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