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Updated almost 17 years ago on . Most recent reply

Mark Wolk's profile image
Mark Wolk's profile image
Mark Wolk
  • Homeowner
  • from Auckland, Select a State
  • Member since May 3, 2009

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5
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Mark Wolk's profile image
Mark Wolk's profile image
Mark Wolk
  • Homeowner
  • from Auckland, Select a State
  • Member since May 3, 2009
Mark Wolk
  • Homeowner
  • Auckland, Select a State
0
Votes |
5
Posts
Real Estate News & Current Events

Property and pessimist theories

Mark Wolk
  • Homeowner
  • Auckland, Select a State
Posted

Some say that the current financial situation may evolve into a crisis similar to that of 1929. So, how did mum and dad property investors come out of the 1929 crisis?

I suppose they had a hard time for several years, whilst their tenants did not pay their rent, and then... what happened with the value of their properties?

I suppose also that those who bought properties during the crisis made a fortune with them when the crisis was over. Is that correct?

Anything that can be extrapolated from the past into the future?

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