I remember in the 80's that Japan was in an aggressive growth push. They were buying commercial property in the United States and one building in particular was the ARCO tower in downtown Los Angeles. I vented my opposition to a guy I know who was the head building engineer of that property, he laughed and said "don't worry, that building is a dog. It's going to cost more to repair it than to tear it down and rebuild it". That's when I realized, nobody sells a winner. Everyone is always looking to dump their bad investments. If someone is pushing an investment on you, it's probably about to lose.
Yes, especially greedy boomers. I'm a (late) boomer myself and I hear the conversations about how the only thing they're leaving their kids is debt. They act like it's funny to do that to the next generation. I freaking hate most boomers.
I remember in the 80's that Japan was in an aggressive growth push. They were buying commercial property in the United States and one building in particular was the ARCO tower in downtown Los Angeles. I vented my opposition to a guy I know who was the head building engineer of that property, he laughed and said "don't worry, that building is a dog. It's going to cost more to repair it than to tear it down and rebuild it". That's when I realized, nobody sells a winner. Everyone is always looking to dump their bad investments. If someone is pushing an investment on you, it's probably about to lose.
Not always. Sometimes you have legit business owners that need to grow. But pretty much, that's impossible to tell these days
They typically use private equity firms for growth.
Yes, that and angel investors. But it's legit, that's my point.
I agree with you too, mostly when someone is selling an investment, like real estate, it's because it's NOT good.
If it was good, they wouldn't sell. Just like natural capitalism predicts.
Best places to find opportunity is to look for people with assets who are aging and dying, transitioning to cashing out. It's a crowded area
Yes, especially greedy boomers. I'm a (late) boomer myself and I hear the conversations about how the only thing they're leaving their kids is debt. They act like it's funny to do that to the next generation. I freaking hate most boomers.