This feels like a mind blowingly large loss on a property in just a couple of years. I’m not sure I’ve ever heard of such a big loss. This should be chalked down as gross mismanagement and a blot on our copybook.
But also not the end of the world, be sad and move on.
If so do we have any way to determine what decisions led to this mismanagement so as to not make them again? I’m not talking about the decision to buy it but to the decision to (apparently) overpay for this asset or to undersell it?
To be entirely fair, the comment I linked to for the original cost also explains it was an outside donor—Good Ventures if I’m not mistaken, but I couldn’t find a source for that—who gave the money specifically for this purchase. So EVF is still at a plus, but it’s an… interesting decision on behalf of the donor.
This feels like a mind blowingly large loss on a property in just a couple of years. I’m not sure I’ve ever heard of such a big loss. This should be chalked down as gross mismanagement and a blot on our copybook.
But also not the end of the world, be sad and move on.
If so do we have any way to determine what decisions led to this mismanagement so as to not make them again? I’m not talking about the decision to buy it but to the decision to (apparently) overpay for this asset or to undersell it?
To be entirely fair, the comment I linked to for the original cost also explains it was an outside donor—Good Ventures if I’m not mistaken, but I couldn’t find a source for that—who gave the money specifically for this purchase. So EVF is still at a plus, but it’s an… interesting decision on behalf of the donor.