It looks like the inferior apartment developments built in recent decades are creating a major issue for property investors. Headlines are warning buyers to avoid purchasing modern apartments like the bubonic plague.
Other reports state over 3,400 apartment buildings across Australia had defective, non-compliant, combustible cladding installed, and would require remediation work just to make the building safe.
Of course, this news puts the construction industry in a bad light, and it’s a wake-up call for purchasers thinking of buying off the plan. Listen in for our discussion on the pros and cons for purchasing off the plan.
This Week’s Investor Exchange Round Table Covered:
- Joel discusses the yield curve inversion in the U.S. Treasury bond market and the concerns it’s causing. Listen in for more on the inversion and what it could mean. (24:00)
- Louis describes a 90-day reflection and goal-setting practice that can help you clarify your thinking around your finances and overall lifestyle. (39:50)
You Cannot Be Serious:
A CEO saw an intern wearing airpods fired him on the spot! He was wondering why he was wearing airpods when he is an unpaid intern. Not only did he do that, but he went on LinkedIn and told his network all about it saying airpods are reserved for his “core team”. Awkward…
Porthcawl, a seaside town in Whales is planning to install public toilets that will prevent occupants from using them to engage in sexual acts by spraying them with water and sounding an alarm!
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The post Episode 58: What to consider before purchasing an apartment off the plan appeared first on The Investor Exchange.