Following the recent decline in gold prices, calculations made on social media revealed that investors suffered significant losses.
HE SAID, ‘I WILL BUY FOUR HOUSES’
The investor, who sold his house in March and invested all his savings in gold, was frequently talked about on social media as he aimed to own four houses in two years. However, the decline in the gold market caused this plan to be shelved for now.
HUNDREDS OF THOUSANDS OF LIRAS Evaporated
According to shared calculations, it was stated that the investor lost approximately 260 thousand liras due to the approximately 4 percent loss of value in gram gold.
On the other hand, it was assumed that the person who rented his house after selling it paid 45 thousand lira monthly rent. It was stated that the three-month rent expense reached 135 thousand liras, and together with the real estate commission, deposit and moving expenses, this cost reached approximately 325 thousand liras.
ADDITIONAL COSTS DOUBLED THE DAMAGE
In the evaluations made on social media, it was claimed that an additional loss of approximately 130 thousand liras occurred due to the house being deprived of the increase in value. It is also calculated that if the investor wants to buy a house again, he may have to pay approximately 240 thousand liras of title deed fee.
955 THOUSAND LIRA DAMAGE
When the loss of value in gold, rental expenses, moving expenses and other housing-related costs are evaluated together, the claim that the investor faced a loss of 955 thousand lira in a short time received wide repercussions on social media.
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