Or the Economic Bullshit Bingo they don't teach in Harvard Business School nor LSE.
There is a discrepancy in the HBS world between 1.3 Million and 18.5 Million Euros value of this parking lot there. The first number derives from the average price of the quarter the other is based on the building potential.
Both is Bullshit. Anything more than 500.000 Euros is stupid.
The town is Leipzig, the area has a toom supermarket serving lower and medium income households, there is an old train station off service, some industrial real estate facing no investments, early industrialization housing when women had about 5 children and them as a full time job in no need of other sources of income and that means that the tenants are either chared living communities, lower income households or some medium income households that prefer more space over a better area. The difference is the amount of missing parking space for cars and bicycles between families of two kids and students, not the rent.
The project of 18 Million worth in rental cash flow is not even further mentioned, because it is a booky trick anyway to lend the money towards some, in this case most likely luxurious, and even worse overestimated value property for another round of booky tricks based on a credit based monetary system.
I was thinking of a drug business analogy, but only CIA runs like that and weed bizz is different.
The actual point is that such investment strategies might cause Crash Tsunamis over financial Tsunamis that I reasoned about some time ago in this blogg that ain no happening like the Bitcoin crash despite its constant use case lack on realistic levels.
These 18.5 Million have, in this case, already created 4.5 Million in cash by the ECB. That means that our Euro has right now 4.5 Million floating around backed by a fucking trailer park in Leipzig and these idiots complain about it instead of making them pull the full 18.5 all to push it into the floating cash called "Geldmenge".
At some point they can't juggle the credit's interest payments anymore and then one entity goes bankrupt. The money stays in the system, but you own the spot, motherfuckers or who would build or buy that?
So, if you are a broke motherfucker freezing in a trash trailor you have to do all in your might that ever even more money floats to having any chance to eventually find that one guy in a suite at a railway station that smiles giving you foldable cash you don't have to spend at once. If that motherfucker ain getting stuffed like a Thanks Giving bird he'll be short on his wallet every fucking second...
#imperialism #cyberpunkcoltoure