How do you describe lemon?

How do you define lemon?
How bad investment can consider to be lemon?

 

Ongoing financial losses that require expensive and disproportionate maintenance from numerous charlatans and ne'er-do-wells, combined with a lack of income from substandard promises from previously described ideal tenants, resulting in a over-representation of frustration, and a desire, but not necessarily an adoption, to implement a scorched earth policy aided by whatever blunt instruments are handy.

How's that?

 

• Can't get or keep tenants ( often due to location or other negative factors )
• Loss of value over time or never gains
• Lots of ongoing, costly or time-consuming maintenance issues

Some people sacrifice a respectable yield to achieve higher-capital growth so a poor yield ( rental return ) doesn't necessarily make a property a bad investment.

 

Investing in the Druitt at the wrong time. I think 2004 to 2012 were a shocker.

 

That'll do.

Thread closed.

 

The state gummint invested heavily in the area in this period:

• NSW Police built a new Local Area Command with a bigger lock up
• Riot squad invested in new vehicles and SWAT teams mirroring the Mac Fields experience
• Hospital was upgraded with a new GSW ward
• New filters installed on the drains in 'blood alley'
• Banks upgraded all of their windows with bullet proof glass
• Centrelink incorporated Medicare offices to become a one stop shop
• FACS moved to bigger premises in anticipation of greater demand
• The toll was removed on the M4 to ease the escape
• County Court now opens 3 days per week
• Maccas & KFC now offer all day cholesterol infusions
• new methodone clinic on Luxford Rd with creche
• The guys from Fat Pizza poured in $millions to film Housos

 

Mining towns purchased at peak of market, you will be down 50% and negatively geared with no foreseeable growth, cant get much worse??

If you can turn a lemon into lemonade then you are on a winner. Hard to find these though

 

And bonus points for the use of: