Good work by Lane Nichols in The Herald, a window into the minds of what we must hope is small subset of “property investors”:
Auckland property investors urged to target deceased estates, ‘dummies’ and ‘divorcees’
Property investors are being encouraged in a tutorial video to exploit the “seven Ds” – which include targeting “deceased estates”, “divorcees” and “dummies” who don’t know the real value of their home.
The advice has “appalled” the country’s largest bank which is now reviewing its sponsorship of the organisation that distributed the video, Auckland Property Investors Association (APIA), and its national body.
The video by Auckland property tycoon Ron Hoy Fong titled How to make massive profit in today’s property market says “desperate” homeowners forced to sell cheaply before banks step in are also prime targets.
So are cash-strapped families who’ve lost their homes in mortgagee sales, developers on the brink of bankruptcy and motivated sellers under pressure from looming “deadlines”. …
Read on for plenty more if you have a strong stomach.