The most prestigious law school admissions discussion board in the world.
|
 |
 
|
why do proles get fixated on "flipping houses"
Poast new message in this thread
Date: May 8th, 2024 2:38 PM Author: Passionate grizzly potus (http://www.autoadmit.com/thread.php?thread_id=5526488&forum_id=2#47645448) |
Date: May 8th, 2024 2:39 PM Author: Self-absorbed Razzle-dazzle Telephone >$100k at once, to proles, is the mental equivalent of $10 million. An unfathomable amount. And it's tied to a physical thing that they can work on with their hands. (http://www.autoadmit.com/thread.php?thread_id=5526488&forum_id=2#47645454) |
 |
Date: May 8th, 2024 2:39 PM Author: Talented Boistinker Lmao flippers make more like $15-30k (http://www.autoadmit.com/thread.php?thread_id=5526488&forum_id=2#47645458) |
|
Date: May 8th, 2024 2:40 PM Author: Self-absorbed Razzle-dazzle Telephone The final check is all that matters. (http://www.autoadmit.com/thread.php?thread_id=5526488&forum_id=2#47645460) |
|
Date: May 8th, 2024 2:45 PM Author: Soul-stirring Feces Pervert They make like $2/hr but then they get a big check. (http://www.autoadmit.com/thread.php?thread_id=5526488&forum_id=2#47645484) |
|
Date: May 8th, 2024 2:47 PM Author: Talented Boistinker and with no concept of the risks
the lucky ones do this for 1-2 years before realizing the juice isn’t worth the squeeze before moving up the food chain
the unlucky ones end up with 3 incomplete rehabs, hard money debt, and a declining market |
|
Date: May 8th, 2024 3:02 PM Author: wonderful indecent nursing home dingle berry literally met for coffee with a house flipper client today. He had like $50k per deal in the last few house flips he did, his partner made the same. (http://www.autoadmit.com/thread.php?thread_id=5526488&forum_id=2#47645552) |
|
Date: May 8th, 2024 3:02 PM Author: salmon misanthropic antidepressant drug heaven did he make u buy him a dozen croissants to go? (http://www.autoadmit.com/thread.php?thread_id=5526488&forum_id=2#47645556) |
|
Date: May 8th, 2024 3:53 PM Author: Shimmering Gaped Queen Of The Night (http://www.autoadmit.com/thread.php?thread_id=5526488&forum_id=2#47645726) |
|
Date: May 8th, 2024 3:03 PM Author: Talented Boistinker I meant average ones
but for everyone timing the market is critical (and impossible over a long enough timeline) as you can’t make money in all phases. risks abound |
|
Date: May 8th, 2024 3:51 PM Author: Wine apoplectic piazza travel guidebook yeah every flipper knows one guy like this which is why they continue (http://www.autoadmit.com/thread.php?thread_id=5526488&forum_id=2#47645716) |
|
Date: May 8th, 2024 3:58 PM Author: Lascivious White Dysfunction yeah then you press them on closing costs and taxes and interest and shit. they have no idea what you are talking about (http://www.autoadmit.com/thread.php?thread_id=5526488&forum_id=2#47645747) |
|
Date: May 8th, 2024 3:59 PM Author: Talented Boistinker they just write it off (http://www.autoadmit.com/thread.php?thread_id=5526488&forum_id=2#47645748) |
|
Date: May 8th, 2024 4:03 PM Author: stimulating public bath water buffalo what does that even mean? (http://www.autoadmit.com/thread.php?thread_id=5526488&forum_id=2#47645760) |
|
Date: May 8th, 2024 4:06 PM Author: Talented Boistinker they know what it means (http://www.autoadmit.com/thread.php?thread_id=5526488&forum_id=2#47645768) |
|
Date: May 8th, 2024 4:08 PM Author: Lascivious White Dysfunction (http://www.autoadmit.com/thread.php?thread_id=5526488&forum_id=2#47645773) |
|
Date: May 8th, 2024 4:09 PM Author: Wine apoplectic piazza travel guidebook It means they commit tax fraud (http://www.autoadmit.com/thread.php?thread_id=5526488&forum_id=2#47645775) |
|
Date: May 8th, 2024 7:18 PM Author: Talented Boistinker strong post moniker synergy (http://www.autoadmit.com/thread.php?thread_id=5526488&forum_id=2#47646321) |
|
Date: May 9th, 2024 8:47 AM Author: Vibrant orchestra pit hairy legs then flee to their home country (http://www.autoadmit.com/thread.php?thread_id=5526488&forum_id=2#47647316) |
|
Date: May 8th, 2024 9:22 PM Author: Garnet comical pistol azn They write it off, Jerry! (http://www.autoadmit.com/thread.php?thread_id=5526488&forum_id=2#47646609) |
|
Date: May 8th, 2024 7:55 PM Author: Pink bateful spot so you're doing 4-6 projects a year dealing with contractors, weather, unknown 'issues' you discover after you buy someone's problem, just to make ~200/250k +/- w/o any benefits? seems like a ton of grind. (http://www.autoadmit.com/thread.php?thread_id=5526488&forum_id=2#47646374) |
|
Date: May 8th, 2024 8:05 PM Author: Aromatic bawdyhouse That's huge money for a prole with no education. And they're not paying off student debt, either. If they save up, they can start buying cash and get better deals. In a good real estate market it's an awesome deal. (http://www.autoadmit.com/thread.php?thread_id=5526488&forum_id=2#47646391) |
|
Date: May 9th, 2024 10:04 AM Author: Pink bateful spot fair point, i noticed two guys i grew up with who are the textbook definition of high functioning scumbags do precisely what you're talking about. (http://www.autoadmit.com/thread.php?thread_id=5526488&forum_id=2#47647501) |
|
Date: May 8th, 2024 8:13 PM Author: Curious Navy Roommate Dilemma That's a lot of money and way more than I make as an attorney at law. No brainier. (http://www.autoadmit.com/thread.php?thread_id=5526488&forum_id=2#47646414) |
|
Date: May 8th, 2024 8:04 PM Author: Aromatic bawdyhouse If you're smart you get a relators license so you collect the sellers fee each time. (http://www.autoadmit.com/thread.php?thread_id=5526488&forum_id=2#47646385) |
|
Date: May 9th, 2024 8:47 AM Author: Vibrant orchestra pit hairy legs titcr (http://www.autoadmit.com/thread.php?thread_id=5526488&forum_id=2#47647317) |
|
Date: May 8th, 2024 3:02 PM Author: Wine apoplectic piazza travel guidebook (http://www.autoadmit.com/thread.php?thread_id=5526488&forum_id=2#47645553) |
|
Date: May 8th, 2024 2:39 PM Author: Violent Mind-boggling Love Of Her Life Depressive houses/property are tangible, unlike most other financial things. proles don't deal in abstractions (http://www.autoadmit.com/thread.php?thread_id=5526488&forum_id=2#47645456) |
|
Date: May 9th, 2024 8:26 AM Author: cracking impressive french chef garrison correct (http://www.autoadmit.com/thread.php?thread_id=5526488&forum_id=2#47647275) |
|
Date: May 8th, 2024 2:39 PM Author: Sooty Trip Lettuce Candlestick Maker only access to leverage proles have. the believe themselves capable of DIY tasks. proles women *LIVE* to do home design and shit. HGTV propaganda. a friend of a friend made millions doing it. (http://www.autoadmit.com/thread.php?thread_id=5526488&forum_id=2#47645457) |
|
Date: May 8th, 2024 2:43 PM Author: mustard lay indirect expression Exactly cr. It's the only "asset class" that proles can (mostly) understand
They're drawn to it like Jews to a quarter on the pavement |
|
Date: May 8th, 2024 2:43 PM Author: Talented Boistinker except the latter understand real estate cycles (http://www.autoadmit.com/thread.php?thread_id=5526488&forum_id=2#47645475) |
|
Date: May 8th, 2024 2:43 PM Author: Self-absorbed Razzle-dazzle Telephone Quote from an old thread:
To get in the mind of a prole, you have to use imagery. Imagine a pit that is so deep and so wide that no person would ever be able to reach the bottom, or navigate from side to side. The pit is filled, from depths below which anyone has ever comprehended, with dead and rotten bodies of proles from the past. Stacked on top of each other in the pit for miles and miles. Traveling up the pit, toward exposed sunlight, you eventually get to live people. The first few miles of live people are simply waiting to die from being suffocated or crushed. These are the proles of third world countries. It is a matter of days for this group.
Above them, standing on the shoulders of those waiting to die are still more that are at least trying to claw there way through the mass of humans stacked on top of one another. But the flesh is so dense, the result is people just pulling each other apart, one fingernail full of flesh at a time. This group represents the proles of poor America. Anyone lucky enough to navigate through this chaos is so hardened by the experience that they rarely ascend further as their thirst for revenge keeps them turning back down to kill those below them with their bare hands.
The group above, still smushed together, can see success above them. The pressure is still great on them but they can make out people living nice lives above them. Conceptually, they do not understand why these people have better stations in life, but one concept they do understand is people paying one another for a safe place to live. Some from this group escape the pit.
|
|
Date: May 8th, 2024 2:54 PM Author: Sooty Trip Lettuce Candlestick Maker the crab bucket mentality of the proles is especially apt. no one hates proles more than ascended proles. (http://www.autoadmit.com/thread.php?thread_id=5526488&forum_id=2#47645524) |
|
Date: May 8th, 2024 3:06 PM Author: Bipolar tank church I had a friend who lived in a luxury high rise he couldn't afford and was always broke. He was always borrowing money and could never go out or do anything. I said all your money is tied up in rent. Why don't you just move somewhere shittier and you wouldn't be so hosed. He goes, "If I lived somewhere else, it wouldn't be luxury." (http://www.autoadmit.com/thread.php?thread_id=5526488&forum_id=2#47645569) |
|
Date: May 8th, 2024 3:11 PM Author: Talented Boistinker 20 years ago I knew a guy who owned 3 houses in another state, owned a plane, a boat, and drove a sequoia. he rented a condo in the most expensive complex in town, and he made $52k the year before. had $1mm in debt
yes he was a shortmo |
|
Date: May 8th, 2024 3:13 PM Author: Cobalt Electric Macaca Center I escaped the pit. problem is you are always "from" the prole pit. so family, friends, experiences, etc are tied to the pit. (http://www.autoadmit.com/thread.php?thread_id=5526488&forum_id=2#47645590) |
|
Date: May 8th, 2024 3:39 PM Author: vivacious alcoholic area degenerate But I don't have a pit like that (http://www.autoadmit.com/thread.php?thread_id=5526488&forum_id=2#47645679) |
|
Date: May 8th, 2024 7:43 PM Author: territorial roast beef The dog turned the rat and the snake against each other and made it out. The cat tricked the devil and never went in. (http://www.autoadmit.com/thread.php?thread_id=5526488&forum_id=2#47646353) |
|
Date: May 8th, 2024 8:01 PM Author: Self-absorbed Razzle-dazzle Telephone (http://www.autoadmit.com/thread.php?thread_id=5526488&forum_id=2#47646381) |
|
Date: May 9th, 2024 8:50 AM Author: Vibrant orchestra pit hairy legs Marlon Brando loved cats (http://www.autoadmit.com/thread.php?thread_id=5526488&forum_id=2#47647324) |
|
Date: May 8th, 2024 2:44 PM Author: Shimmering Gaped Queen Of The Night I hate this gay and retarded kike shithole (http://www.autoadmit.com/thread.php?thread_id=5526488&forum_id=2#47645477) |
|
Date: May 8th, 2024 2:45 PM Author: Talented Boistinker xo or America? (http://www.autoadmit.com/thread.php?thread_id=5526488&forum_id=2#47645486) |
|
Date: May 8th, 2024 2:46 PM Author: Shimmering Gaped Queen Of The Night Yeah (http://www.autoadmit.com/thread.php?thread_id=5526488&forum_id=2#47645490) |
|
Date: May 8th, 2024 2:48 PM Author: Talented Boistinker (http://www.autoadmit.com/thread.php?thread_id=5526488&forum_id=2#47645496) |
|
Date: May 8th, 2024 7:59 PM Author: awkward vigorous giraffe (http://www.autoadmit.com/thread.php?thread_id=5526488&forum_id=2#47646377) |
|
Date: May 9th, 2024 8:50 AM Author: Vibrant orchestra pit hairy legs (http://www.autoadmit.com/thread.php?thread_id=5526488&forum_id=2#47647325) |
|
Date: May 8th, 2024 7:15 PM Author: Charismatic Insecure Scourge Upon The Earth A lot of privileged morons in this thread.
Houses are literally the only thing a normal person is going to get a $500,000 loan to buy.
What other business do you want them to enter into? You think they were deciding between either flipping houses or starting their own Venture Capital fund? |
|
Date: May 8th, 2024 7:18 PM Author: stimulating public bath water buffalo just invest in low-cost index funds in your 401k, bro. (http://www.autoadmit.com/thread.php?thread_id=5526488&forum_id=2#47646322) |
|
Date: May 8th, 2024 7:26 PM Author: Charismatic Insecure Scourge Upon The Earth Oh wow, so if you make $50k and put away 10% of your income, after 10 years you'll have....$71,000!
No idea why proles find making $50,000 in a few weeks more alluring... |
|
Date: May 8th, 2024 9:17 PM Author: awkward vigorous giraffe It sounds like you're really not getting the miracle of compound interest (http://www.autoadmit.com/thread.php?thread_id=5526488&forum_id=2#47646599) |
|
Date: May 8th, 2024 7:19 PM Author: Talented Boistinker you seem about 20% of the way towards identifying the systemic fraud at play (http://www.autoadmit.com/thread.php?thread_id=5526488&forum_id=2#47646324) |
|
Date: May 8th, 2024 7:53 PM Author: fantasy-prone filthpig messiness The top of the flipper market clearly do very well. High end flips seem to command a premium. (http://www.autoadmit.com/thread.php?thread_id=5526488&forum_id=2#47646369) |
|
Date: May 8th, 2024 7:57 PM Author: Coral Exhilarant Affirmative Action They luv the idea of making quick money. (http://www.autoadmit.com/thread.php?thread_id=5526488&forum_id=2#47646375) |
|
Date: May 8th, 2024 9:26 PM Author: Poppy know-it-all haunted graveyard hospital They would rather be the perpetrators of house prices than the victims. (http://www.autoadmit.com/thread.php?thread_id=5526488&forum_id=2#47646620) |
|
Date: May 8th, 2024 10:05 PM Author: Passionate grizzly potus I seem to have unlocked the secret to getting engagement here after nearly nine years (http://www.autoadmit.com/thread.php?thread_id=5526488&forum_id=2#47646739) |
|
Date: May 9th, 2024 8:44 AM Author: Talented Boistinker property + proles are both low hanging fruit but yes they work (http://www.autoadmit.com/thread.php?thread_id=5526488&forum_id=2#47647311) |
|
Date: May 9th, 2024 12:45 AM Author: Swashbuckling seedy halford locus Other forms of significant wealth creation are too abstract for them to comprehend. A house is something relatable and tangible. (http://www.autoadmit.com/thread.php?thread_id=5526488&forum_id=2#47647046) |
|
Date: May 9th, 2024 5:17 AM Author: Wine apoplectic piazza travel guidebook (http://www.autoadmit.com/thread.php?thread_id=5526488&forum_id=2#47647149) |
|
Date: May 9th, 2024 6:09 AM Author: At-the-ready Theatre Nibblets we do this thread once every a year and this is always the most ojn point response (http://www.autoadmit.com/thread.php?thread_id=5526488&forum_id=2#47647154) |
|
Date: May 9th, 2024 8:17 AM Author: Irradiated locale coffee pot As always CR on this topic (http://www.autoadmit.com/thread.php?thread_id=5526488&forum_id=2#47647264) |
|
Date: May 9th, 2024 8:20 AM Author: Irradiated locale coffee pot Don’t forget a major part of their familiarity is their shit jobs. These dudes have seen enough to understand it physically start to finish. (http://www.autoadmit.com/thread.php?thread_id=5526488&forum_id=2#47647267) |
|
Date: May 9th, 2024 9:11 AM Author: Wine apoplectic piazza travel guidebook This 2009 SI article is required reading on this point
https://vault.si.com/vault/2009/03/23/how-and-why-athletes-go-broke |
|
Date: May 9th, 2024 8:29 AM Author: confused gay wizard the stock market is boring. real estate is more "fun". (http://www.autoadmit.com/thread.php?thread_id=5526488&forum_id=2#47647282) |
|
Date: May 9th, 2024 8:52 AM Author: Vibrant orchestra pit hairy legs also, shiplap (http://www.autoadmit.com/thread.php?thread_id=5526488&forum_id=2#47647330) |
|
Date: May 9th, 2024 9:20 AM Author: fear-inspiring principal's office kitty proles love pipe dreams, only to come out on the losing end-- time after time (http://www.autoadmit.com/thread.php?thread_id=5526488&forum_id=2#47647365) |