Diaclaimer: article from last month.
23-year-old buys dream home for his parents
https://www.thepress.co.nz/nz-news/360857982/23-year-old-buys-dream-home-his-parents
https://www.thepress.co.nz/nz-news/360857982/23-year-old-buys-dream-home-his-parents
Diaclaimer: article from last month.
5 Comments
Dave@lemmy.nz · 4 pts · 288d
He is 23 and started his career in real estate after high school, that means 5 years ago as COVID's initial wave was dying down, borrowing money was cheap, and people were suddenly alowed to move house again. I bet he made bank in that time!
BaconWrappedEnigma@lemmy.nz · 4 pts · 288d
About $200k, after living expenses, from the sound of it! 😮
Dave@lemmy.nz · 2 pts · 288d
If he lived with his parents all that time then I can believe it. Real estate agents print money when the going is good and work secind jobs when it's not.
It says he had rentals too, which seems to be common with real estate agents for some reason that I have to assume involves a conflict of interest.
passwordforgetter@lemmy.nz · 2 pts · 288d
Ya... but how much money do banks lend to teenagers in high school?
Dave@lemmy.nz · 3 pts · 288d
When borrowing money is cheap, people start buying houses like crazy and running up their mortgages. It's not the teenager borrowing it's the people he was selling houses to.