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why do proles get fixated on "flipping houses"
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Date: May 8th, 2024 2:38 PM Author: Mind-boggling pervert (http://www.autoadmit.com/thread.php?thread_id=5526488&forum_id=2...id#47645448) |
Date: May 8th, 2024 2:39 PM Author: mildly autistic cobalt institution sound barrier >$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...id#47645454) |
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Date: May 8th, 2024 2:39 PM Author: Wonderful Native Lmao flippers make more like $15-30k (http://www.autoadmit.com/thread.php?thread_id=5526488&forum_id=2...id#47645458) |
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Date: May 8th, 2024 2:40 PM Author: mildly autistic cobalt institution sound barrier The final check is all that matters. (http://www.autoadmit.com/thread.php?thread_id=5526488&forum_id=2...id#47645460) |
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Date: May 8th, 2024 2:45 PM Author: Umber violent pistol They make like $2/hr but then they get a big check. (http://www.autoadmit.com/thread.php?thread_id=5526488&forum_id=2...id#47645484) |
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Date: May 8th, 2024 2:47 PM Author: Wonderful Native 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 |
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Date: May 8th, 2024 3:02 PM Author: Opaque hilarious really tough guy 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...id#47645552) |
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Date: May 8th, 2024 3:02 PM Author: cruel-hearted floppy parlour did he make u buy him a dozen croissants to go? (http://www.autoadmit.com/thread.php?thread_id=5526488&forum_id=2...id#47645556) |
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Date: May 8th, 2024 3:53 PM Author: pale gas station (http://www.autoadmit.com/thread.php?thread_id=5526488&forum_id=2...id#47645726) |
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Date: May 8th, 2024 3:03 PM Author: Wonderful Native 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 |
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Date: May 8th, 2024 3:51 PM Author: Light Rough-skinned Double Fault 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...id#47645716) |
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Date: May 8th, 2024 3:58 PM Author: Duck-like regret range 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...id#47645747) |
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Date: May 8th, 2024 3:59 PM Author: Wonderful Native they just write it off (http://www.autoadmit.com/thread.php?thread_id=5526488&forum_id=2...id#47645748) |
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Date: May 8th, 2024 4:03 PM Author: Trip sandwich church what does that even mean? (http://www.autoadmit.com/thread.php?thread_id=5526488&forum_id=2...id#47645760) |
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Date: May 8th, 2024 4:06 PM Author: Wonderful Native they know what it means (http://www.autoadmit.com/thread.php?thread_id=5526488&forum_id=2...id#47645768) |
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Date: May 8th, 2024 4:08 PM Author: Duck-like regret range (http://www.autoadmit.com/thread.php?thread_id=5526488&forum_id=2...id#47645773) |
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Date: May 8th, 2024 4:09 PM Author: Light Rough-skinned Double Fault It means they commit tax fraud (http://www.autoadmit.com/thread.php?thread_id=5526488&forum_id=2...id#47645775) |
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Date: May 8th, 2024 7:18 PM Author: Wonderful Native strong post moniker synergy (http://www.autoadmit.com/thread.php?thread_id=5526488&forum_id=2...id#47646321) |
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Date: May 9th, 2024 8:47 AM Author: Amethyst sick business firm indirect expression then flee to their home country (http://www.autoadmit.com/thread.php?thread_id=5526488&forum_id=2...id#47647316) |
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Date: May 8th, 2024 9:22 PM Author: Territorial Messiness They write it off, Jerry! (http://www.autoadmit.com/thread.php?thread_id=5526488&forum_id=2...id#47646609) |
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Date: May 8th, 2024 7:55 PM Author: Irradiated nofapping jewess sanctuary 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...id#47646374) |
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Date: May 8th, 2024 8:05 PM Author: Citrine chapel juggernaut 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...id#47646391) |
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Date: May 9th, 2024 10:04 AM Author: Irradiated nofapping jewess sanctuary 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...id#47647501) |
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Date: May 8th, 2024 8:13 PM Author: Slimy Trailer Park Kitty 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...id#47646414) |
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Date: May 8th, 2024 8:04 PM Author: Citrine chapel juggernaut 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...id#47646385) |
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Date: May 9th, 2024 8:47 AM Author: Amethyst sick business firm indirect expression titcr (http://www.autoadmit.com/thread.php?thread_id=5526488&forum_id=2...id#47647317) |
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Date: May 8th, 2024 3:02 PM Author: Light Rough-skinned Double Fault (http://www.autoadmit.com/thread.php?thread_id=5526488&forum_id=2...id#47645553) |
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Date: May 8th, 2024 2:39 PM Author: Soul-stirring Anal Heaven 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...id#47645456) |
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Date: May 9th, 2024 8:26 AM Author: Maroon razzle international law enforcement agency shrine correct (http://www.autoadmit.com/thread.php?thread_id=5526488&forum_id=2...id#47647275) |
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Date: May 8th, 2024 2:39 PM Author: supple travel guidebook 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...id#47645457) |
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Date: May 8th, 2024 2:43 PM Author: crystalline metal cruise ship 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 |
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Date: May 8th, 2024 2:43 PM Author: Wonderful Native except the latter understand real estate cycles (http://www.autoadmit.com/thread.php?thread_id=5526488&forum_id=2...id#47645475) |
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Date: May 8th, 2024 2:43 PM Author: mildly autistic cobalt institution sound barrier 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.
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Date: May 8th, 2024 2:54 PM Author: supple travel guidebook 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...id#47645524) |
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Date: May 8th, 2024 3:06 PM Author: Concupiscible Zombie-like Home Hunting Ground 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...id#47645569) |
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Date: May 8th, 2024 3:11 PM Author: Wonderful Native 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 |
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Date: May 8th, 2024 3:13 PM Author: olive fiercely-loyal address genital piercing 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...id#47645590) |
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Date: May 8th, 2024 3:39 PM Author: Frozen son of senegal coldplay fan But I don't have a pit like that (http://www.autoadmit.com/thread.php?thread_id=5526488&forum_id=2...id#47645679) |
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Date: May 8th, 2024 7:43 PM Author: White glittery senate shitlib 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...id#47646353) |
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Date: May 8th, 2024 8:01 PM Author: mildly autistic cobalt institution sound barrier (http://www.autoadmit.com/thread.php?thread_id=5526488&forum_id=2...id#47646381) |
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Date: May 9th, 2024 8:50 AM Author: Amethyst sick business firm indirect expression Marlon Brando loved cats (http://www.autoadmit.com/thread.php?thread_id=5526488&forum_id=2...id#47647324) |
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Date: May 8th, 2024 2:44 PM Author: pale gas station I hate this gay and retarded kike shithole (http://www.autoadmit.com/thread.php?thread_id=5526488&forum_id=2...id#47645477) |
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Date: May 8th, 2024 2:45 PM Author: Wonderful Native xo or America? (http://www.autoadmit.com/thread.php?thread_id=5526488&forum_id=2...id#47645486) |
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Date: May 8th, 2024 2:46 PM Author: pale gas station Yeah (http://www.autoadmit.com/thread.php?thread_id=5526488&forum_id=2...id#47645490) |
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Date: May 8th, 2024 2:48 PM Author: Wonderful Native (http://www.autoadmit.com/thread.php?thread_id=5526488&forum_id=2...id#47645496) |
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Date: May 8th, 2024 7:59 PM Author: Cheese-eating translucent nibblets (http://www.autoadmit.com/thread.php?thread_id=5526488&forum_id=2...id#47646377) |
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Date: May 9th, 2024 8:50 AM Author: Amethyst sick business firm indirect expression (http://www.autoadmit.com/thread.php?thread_id=5526488&forum_id=2...id#47647325) |
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Date: May 8th, 2024 7:15 PM Author: odious hell macaca 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? |
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Date: May 8th, 2024 7:18 PM Author: Trip sandwich church just invest in low-cost index funds in your 401k, bro. (http://www.autoadmit.com/thread.php?thread_id=5526488&forum_id=2...id#47646322) |
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Date: May 8th, 2024 7:26 PM Author: odious hell macaca 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... |
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Date: May 8th, 2024 9:17 PM Author: Cheese-eating translucent nibblets 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...id#47646599) |
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Date: May 8th, 2024 7:19 PM Author: Wonderful Native 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...id#47646324) |
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Date: May 8th, 2024 7:53 PM Author: slap-happy sweet tailpipe orchestra pit 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...id#47646369) |
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Date: May 8th, 2024 7:57 PM Author: Plum Hairraiser Mexican Volcanic Crater They luv the idea of making quick money. (http://www.autoadmit.com/thread.php?thread_id=5526488&forum_id=2...id#47646375) |
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Date: May 8th, 2024 9:26 PM Author: walnut apoplectic tank church building They would rather be the perpetrators of house prices than the victims. (http://www.autoadmit.com/thread.php?thread_id=5526488&forum_id=2...id#47646620) |
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Date: May 8th, 2024 10:05 PM Author: Mind-boggling pervert 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...id#47646739) |
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Date: May 9th, 2024 8:44 AM Author: Wonderful Native property + proles are both low hanging fruit but yes they work (http://www.autoadmit.com/thread.php?thread_id=5526488&forum_id=2...id#47647311) |
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Date: May 9th, 2024 12:45 AM Author: big goal in life 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...id#47647046) |
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Date: May 9th, 2024 5:17 AM Author: Light Rough-skinned Double Fault (http://www.autoadmit.com/thread.php?thread_id=5526488&forum_id=2...id#47647149) |
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Date: May 9th, 2024 6:09 AM Author: bateful public bath dingle berry 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...id#47647154) |
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Date: May 9th, 2024 8:17 AM Author: aphrodisiac jew As always CR on this topic (http://www.autoadmit.com/thread.php?thread_id=5526488&forum_id=2...id#47647264) |
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Date: May 9th, 2024 8:20 AM Author: aphrodisiac jew 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...id#47647267) |
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Date: May 9th, 2024 9:11 AM Author: Light Rough-skinned Double Fault This 2009 SI article is required reading on this point
https://vault.si.com/vault/2009/03/23/how-and-why-athletes-go-broke |
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Date: May 9th, 2024 8:29 AM Author: Bright nowag the stock market is boring. real estate is more "fun". (http://www.autoadmit.com/thread.php?thread_id=5526488&forum_id=2...id#47647282) |
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Date: May 9th, 2024 8:52 AM Author: Amethyst sick business firm indirect expression also, shiplap (http://www.autoadmit.com/thread.php?thread_id=5526488&forum_id=2...id#47647330) |
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Date: May 9th, 2024 9:20 AM Author: Buck-toothed market 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...id#47647365) |