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As any seasoned Real Estate investor will tell you, the worse a property looks when it's marketed the more chances it will end up being a good deal. Some investors only look for properties in a bad shape and their aim is to refurbish them and transform them into a place where everybody wants to live in. How do they do it? And is it a good strategy?
2 min reading
The 1987 film “Wall Street” follows the adventures of junior stockbroker Bud Fox (played by Charlie Sheen) as he rises to financial fame and wealth thanks to his dealings with legendary Wall Street player Gordon Gekko (played by Michael Douglas). In one scene, Gordon Gekko is addressing the shareholders meeting of one of the companies in his portfolio. He blames the company’s management for being lazy and incompetent, thus not doing their best for their shareholders. He says “The point is, ladies and gentleman, that greed -- for lack of a better word -- is good. […] Greed, in all of its forms -- greed for life, for money, for love, knowledge -- has marked the upward surge of mankind.”
2 min reading

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