Depreciation
I’ve been doing a lot of research on Class C’s and been thinking about how much a unit depreciations over time. Example, If you purchased and brand new Class C in 2016 for $80K: What would it be wort...
Forum Discussion
good point western park owner! Reminds me on when I was a banker. Guy borrowed money on a well drilling rig, it broke, he told us to come get it and we did after suing him. We sold it for 20% of what he owed. We then filed to have the judgement enforced. Next thing the guy new his free and clear house was going to be auctioned to pay the loan. He learned real quick that the obligation does not stop with the initial collateral. He somehow found the money. Our depositors were pleased we could give them their money back since that is where loan money comes from.
