Everyone is a genius in a bull market. I remember a friend saying they were going to buy teslas to then re-sell them at a higher price around the same time because "teslas aren't like normal cars, they're an appreciating asset".
Thankfully he ended up not having enough money to pull this off so didn't lose everything either.
I heard people were buying property before this year's Wold Cup that were near the stadiums so they could rent them out and then sell them after. Now, sellers are having to lower the asking prices, and that's just a few months after the tourney. Honestly, I hope those asshats are taking it at a loss
Everyone is a genius in a bull market. I remember a friend saying they were going to buy teslas to then re-sell them at a higher price around the same time because "teslas aren't like normal cars, they're an appreciating asset".
Thankfully he ended up not having enough money to pull this off so didn't lose everything either.
If your friend is interested in not missing out on opportunities like this going forward, he should check out my company, NumberGoUp.ai.
I heard people were buying property before this year's Wold Cup that were near the stadiums so they could rent them out and then sell them after. Now, sellers are having to lower the asking prices, and that's just a few months after the tourney. Honestly, I hope those asshats are taking it at a loss
could have worked with crypto or GPUs though, to be fair to your friend ^_^
There was a time period when it worked with used cars, too.
Used car prices are still higher than pre-COVID, but there's still a decent mark up for restoration projects if you want to got that route in used car
probably lower than their anthropic bill