For sure, that’s the target market - but the trick only works if the property holds that value in the first place. I don’t see 9.3M value here, no matter how you twice it.
Even if the price drops by 50% when selling, that’s still 4.5 million AUD, which is much safer than the CCP taking away all your assets and liquid funds in China.
The security is worth the potential drop.
We may not see it, but banks and buyers will. Those are the parties that matter. It’s an absolute shit show but that’s the unfortunate reality.
For sure, that’s the target market - but the trick only works if the property holds that value in the first place. I don’t see 9.3M value here, no matter how you twice it.
Even if the price drops by 50% when selling, that’s still 4.5 million AUD, which is much safer than the CCP taking away all your assets and liquid funds in China.
The security is worth the potential drop.
We may not see it, but banks and buyers will. Those are the parties that matter. It’s an absolute shit show but that’s the unfortunate reality.