All Forum Posts by: Jónas Tryggvi Stefánsson

I know over the years there have been a few contributors here on BP that were from/purchasing in Iceland, the Netherlands and a couple other European countries. So hopefully some of them can chime in with a more local perspective. I'm sure there are fairly significant differences even between those countries, but they're more likely to have a similar investing climate to yours than those of us in the States might.   

@Jonas,

What about RE for rental in suburbs like Vik and others ?

I am looking to get some insights into RE market in Iceland. Does anyone have any experience or feedback on what its like owning or buying a property in Iceland and around the island ?

Would be wonderful to hear from boots on the ground or RE professionals in the area .

Thank you

@Jónas Tryggvi Stefánsson I agree with you to a point. IF you write something on Facebook that is innocent or just an opinion, should you be slandered for it, or let go? What if your content was pure and good and not evil? You are saying that its your fault if this happens to you? I dont care that my RE got me in trouble, but someone across the US coast wants to twist and be malicious due to their agenda? Sorry, not agreeing with you.

@Nick Gray I understand hating your job, I have had high paying six figure jobs in IT however over the years I have jumped around from finance to IT to real estate sales and then back to IT again.  I even did quite well in real estate sales because I love marketing and deal making and working with clients.  But at the end of the day although I didn't do bad in real estate sales I still made quite a bit more in IT and found the money mattered, that's why I am back in IT pulling down a six figure salary.  

It sucks having no passion for your work, and every day that I don't shoot myself in the head is a success story.  However if you're making a big salary you can create options for yourself that many other people don't get.  That's why I stick with it for now, but I have a 5 year plan with an eventual exit.  Five years of hitting the snooze bar six times every morning to get out of bed doesn't exactly thrill me, but I will be so better off later if I stick with it for now.

If you can't take it another day, you can do what I did and that's give yourself a year to "find yourself" or whatever you want to call it like when I did real estate sales full time, maybe you can also get a W2 9-5 job as an assistant for a successful broker, i.e. scheduling showings, listings, escrows, etc.  And if things don't work out you can always fall back on your engineering career.  You're young so you can afford to take some risk and experiment.  

I am not sure if any of this helps, but I think if you're willing to take some risk like I did it's ok to give yourself permission to try something else as long as you have a fallback plan if things don't work out.   I guess is that's what I am saying - have a plan and go for it dude! 

Not really -you got yourself fired by putting the information out there .
Best to think about what you’re saying in public and protect yourself . 
it’s now  a world where public info may be used for us or against us.    can’t hold someone else responsible for what you did or said.