Open season on made up......
Posted by:
Global Edge.com
in the Video Blog
channel on 12-23-2011
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An article by OPP yesterday coined a phrase to describe a growing industry trend. “Endvestor” – someone (usually in their forties or fifties) buying distressed property and sitting on it until they stop work.
Not to be out done, the Global edge team have come up with a few of our own suggestions.
PINGARPY’s – Panic I’ve Not Got a Retirement Plan Yet. A form of endvestor but a little more panicky
SILDI’s– Screw lets do its’. A lifestyle buyer who has been sat on a pile of cash for some time watching it devalue. They’ve become so hacked off with the relentless bad news they’ve decided to buy anyway and want the perfect lifestyle product for their budget.
CACI’s – Cynical armchair investors. An investor with some experience of property looking for a hands-off investment. The catch is they are extremely sceptical and you need a great track record and/or a high profile to get them to part with their money. CACI’s are costly to acquire but very profitable customers long term.
POTENTIAL CANOE MAN – An overseas property buyer who is acting so erratically that someone in the sales team suspects he has faked his own death.
CAPTAIN HARRY – Someone who has a load of money but mysteriously can’t get it out of the country. He needs to invest in overseas property to get around the problem but first you must pay a fee .
BERNI MADOFF – Similar to a Captain Harry but with bigger balls and a better cut suit.
Have we missed any?
Source: Global edge
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