You might have read our recent article on the 13 condos with the most unprofitable transactions.
In the first 2 days it racked up nearly 50,000 page views – a sure sign if ever that there needs to be more said about losses incurred in the property market.
That, or the fact that humans do have a tendency to focus more on the bad than good (it’s called the negativity bias).
But I digress.
Psychological aspects aside, there is a lot that you can learn from unprofitable transactions.
But if there is one thing that you need to take away from today it’s this: it never boils down to just one reason why a property is unprofitable.
It’s the same as buying a house – you wouldn’t be buying a unit just because there was an extra large swimming pool in the development....