{"ok":true,"events":[{"content":"Should I buy this motel?\n\nCanada's economy is struggling, and as a result, REITs aren\u2019t actively buying up old real estate anymore.\n\nPreviously, their strategy was simple: buy run-down properties, renovate them, sell at a massively inflated price, and then another REIT would pick it up to rent it out\u2014often to immigrant entrepreneurs who would eventually fail due to high rent.\n\nThe real estate companies and owners of these run down buildings are continuously relisting them to make it look like they just came on the market. \n\nThis example below has been on the market for years and recently relisted 15 days ago, the price has dropped dramatically\u2014from around $200K CAD down to just $14K CAD!\n\nIs it worth buying? Should I buy it?\n\nWhat should I call my hotel? The Mar Hotel? haha \n\nI\u2019d accept Bitcoin!\n\nhttps://media.letsfo.com/images/2025/09/12/medstead-hotel-saskatchewan.webp\n\nhttps://www.realtor.ca/real-estate/28782539/102-1st-avenue-medstead\n\n#hotel\n#canada","created_at":1757647279,"id":"f28f54f3c989689d6e19efd2153a5471a033f7fcc873e425a7c95b9ef73cf7af","kind":1,"pubkey":"c7acabf1fed201a53185e4dc5e0c6bae2bc5db19d73abf840535f305d8f05180","sig":"3e1c6e3d72c165327fd39339d0e103f9e7e441112773a546a0b08b21546ac2466151607ffcb55621903894c8e2d5d73ec09a170250b018440f89b5c8a8aee45c","tags":[["alt","A short note: Should I buy this motel?\n\nCanada's economy is stru..."],["t","hotel"],["t","canada"],["r","https://www.realtor.ca/real-estate/28782539/102-1st-avenue-medstead"],["r","https://media.letsfo.com/images/2025/09/12/medstead-hotel-saskatchewan.webp"]]}],"count":1,"total_count":1}