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The Rational Walk's avatar

I did pretty well in $BAM for a few years but sold soon after the start of the pandemic. Brookfield’s mortgage debt on properties are non-recourse, but I used to worry whether the parent company would backstop the debt for reputational reasons (I guess I have a Berkshire mindset). I suppose we know the answer now - non recourse is non recourse. I put the proceeds from BAM into Berkshire so I’ve done ok.

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Melody Wright's avatar

Great post. I have a client who is also a rental property owner with properties in Oakland. The stories are absolutely insane (felony-worthy threats from tenants, the various hoops, etc.). Also had a long-time tenant live rent-free for 2 years. This owner tries to do everything by the book, but the amount of trouble is just nuts.

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