inflation now 7.8% highest since 1990, page-59

  1. 33,037 Posts.
    lightbulb Created with Sketch. 1391
    I owned 2 factories, a lot more risk some would say because more capital required. I had one of them for about 35 years, I sold it in the end because the last 2 tenants gave me some grief. Also the property was getting old, but it was a great investment.

    I got lucky. It needed a new roof, about 400 sq.m, huge cost and new regulations require more safety gear etc. The guy I sold it to was Chinese, man can they be difficult to deal with. I did everything he asked, but the one thing he didn't do was get up on the roof and check it out, because it had lots of bog in it to stop it leaking. Required a complete new roof.
    Last edited by Skol: 25/01/23
 
arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.