8 Comments
 

Like the ones where the landlords have to pay people to guard their property from being run over by tramps, or the ones where the banks have forgotten to do this as there portfolios are too big and not feasible.

"After you work on Wall Street it’s a choice, would you rather work at McDonalds or on the sell-side? I would choose McDonalds over the sell-side.” - David Tepper
 

No, as in single residential real estate units that you can purchase for a third of the market value.

I'm talking about liquid. Rich enough to have your own jet. Rich enough not to waste time. Fifty, a hundred million dollars, buddy. A player. Or nothing. See my Blog & AMA
 

Sounds terrible.

Seriously though, we're doing quite a bit in Portuguese hotels etc.. Most people feel Spain has been picked over pretty well already, but probably a few gems left.

"After you work on Wall Street it’s a choice, would you rather work at McDonalds or on the sell-side? I would choose McDonalds over the sell-side.” - David Tepper
 

I think you're taking a very institutional perspective on this. I was referring more to making a personal investment in this. You can of course apply the same logic to almost any big city.

I'm talking about liquid. Rich enough to have your own jet. Rich enough not to waste time. Fifty, a hundred million dollars, buddy. A player. Or nothing. See my Blog & AMA
 

On a personal basis I'd question the ability / liquidity in the market to normalise back to "market value" with an appropriate time frame.

"After you work on Wall Street it’s a choice, would you rather work at McDonalds or on the sell-side? I would choose McDonalds over the sell-side.” - David Tepper
 

Why do you care about market value if you can buy below via foreclosure anyway? Plus, main cities such as Barcelona and Madrid have been hit the hardest anyway, and these offer you great revenue opportunities if you rent out the apartment(s) on a short term basis to tourists for example.

I'm talking about liquid. Rich enough to have your own jet. Rich enough not to waste time. Fifty, a hundred million dollars, buddy. A player. Or nothing. See my Blog & AMA
 

It's only ever below market value if the market at some point realised it was under valuing the asset. If there isn't a liquid market, the time for this price discovery is uncertain. Rent is great, but I'd question the assertion that it's rentable and super cheap.

"After you work on Wall Street it’s a choice, would you rather work at McDonalds or on the sell-side? I would choose McDonalds over the sell-side.” - David Tepper
 

Ea labore sunt doloribus dolorem nobis nostrum est. Iure soluta nisi aliquid facilis dolores. Expedita tempora praesentium adipisci consequatur.

Itaque autem sed soluta. Aut et reprehenderit voluptatem et.

Occaecati aut eveniet et incidunt aut necessitatibus. Fuga nobis perferendis iusto repellendus incidunt. Hic maxime vel ut veniam et quia dignissimos. Sit sunt incidunt non quos qui asperiores omnis. Quidem ea possimus reprehenderit.

Voluptatem quo earum ea architecto numquam numquam. Eos atque dolorem officiis dolores corporis. Laudantium aperiam ut quam sapiente. Quam in velit alias autem ut. Et sed libero alias deleniti adipisci hic numquam.

Career Advancement Opportunities

August 2026 Investment Banking

  • Evercore 01 99.4%
  • Moelis & Company 01 98.9%
  • JPMorgan 01 98.3%
  • Morgan Stanley 08 97.8%
  • Goldman Sachs 02 97.2%

Overall Employee Satisfaction

August 2026 Investment Banking

  • Moelis & Company No 99.4%
  • Evercore No 98.9%
  • Morgan Stanley 01 98.3%
  • Banco Santander 02 97.8%
  • BMO Capital Markets 12 97.2%

Professional Growth Opportunities

August 2026 Investment Banking

  • Evercore 01 99.4%
  • Moelis & Company 01 98.9%
  • Morgan Stanley 06 98.3%
  • Goldman Sachs 01 97.8%
  • JPMorgan 01 97.2%

Total Avg Compensation

August 2026 Investment Banking

  • Vice President (16) $429
  • Associates (47) $258
  • 3rd+ Year Analyst (8) $210
  • 2nd Year Analyst (25) $178
  • Intern/Summer Associate (14) $159
  • 1st Year Analyst (83) $151
  • Intern/Summer Analyst (74) $101
notes
16 IB Interviews Notes

“... there’s no excuse to not take advantage of the resources out there available to you. Best value for your $ are the...”

Leaderboard

1
redever's picture
redever
99.2
2
BankonBanking's picture
BankonBanking
99.0
3
Secyh62's picture
Secyh62
99.0
4
kanon's picture
kanon
99.0
5
GameTheory's picture
GameTheory
98.9
6
DrApeman's picture
DrApeman
98.9
7
CompBanker's picture
CompBanker
98.9
8
dosk17's picture
dosk17
98.9
9
Betsy Massar's picture
Betsy Massar
98.9
10
Linda Abraham's picture
Linda Abraham
98.8
success
From 10 rejections to 1 dream investment banking internship

“... I believe it was the single biggest reason why I ended up with an offer...”