Reply To: GREEN HILLS

#66352
Melosine
Participant

I can understand people buying off plan when a development is already under construction . This could be deemed as an investment ( providing all paperwork is in place.).which in many cases it hasn’t been and therefore people have been conned. But fail to see the logic in using collateral especially from one’s main property to “invest” in an artistic impression (legal or not) . This I would classify as a gamble. One with not only odds stacked against you but rate of borrowing would cancel out majority if not all of the profit.
Much emphasis ihas been placed on “doing one’s homework” about the countries but perhaps it should be emphasied that this homework should also include financial caalculations and probabilities