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: 180 kitchen philosopher-king (http://www.autoadmit.com/thread.php?thread_id=5526488&forum_id=2#47645448) |
Date: May 8th, 2024 2:39 PM Author: appetizing hairy legs native >$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: Orchid alcoholic theatre 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: appetizing hairy legs native 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: Mind-boggling Burgundy Stage Quadroon 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: Orchid alcoholic theatre 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: charcoal gaped legend 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: Adventurous Mental Disorder Organic Girlfriend 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: Anal Light Gaping Piazza (http://www.autoadmit.com/thread.php?thread_id=5526488&forum_id=2#47645726) |
|
Date: May 8th, 2024 3:03 PM Author: Orchid alcoholic theatre 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: Mustard Sinister Property 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: dead pocket flask party of the first part 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: Orchid alcoholic theatre 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: salmon soggy area 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: Orchid alcoholic theatre 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: dead pocket flask party of the first part (http://www.autoadmit.com/thread.php?thread_id=5526488&forum_id=2#47645773) |
|
Date: May 8th, 2024 4:09 PM Author: Mustard Sinister Property 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: Orchid alcoholic theatre 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: Razzmatazz antidepressant drug 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: seedy drunken den 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: Balding Lemon Bawdyhouse 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: diverse crystalline institution 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: Balding Lemon Bawdyhouse 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: Fluffy mint skinny woman 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: diverse crystalline institution 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: Razzmatazz antidepressant drug titcr (http://www.autoadmit.com/thread.php?thread_id=5526488&forum_id=2#47647317) |
|
Date: May 8th, 2024 3:02 PM Author: Mustard Sinister Property (http://www.autoadmit.com/thread.php?thread_id=5526488&forum_id=2#47645553) |
|
Date: May 8th, 2024 2:39 PM Author: Flatulent underhanded chad shrine 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: opaque affirmative action headpube correct (http://www.autoadmit.com/thread.php?thread_id=5526488&forum_id=2#47647275) |
|
Date: May 8th, 2024 2:39 PM Author: Pearly clown 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: Cordovan Crackhouse Partner 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: Orchid alcoholic theatre 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: appetizing hairy legs native 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: Pearly clown 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: Sticky marketing idea field 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: Orchid alcoholic theatre 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: hairraiser henna roommate 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: Tantric aqua athletic conference stage 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: Irate site incel 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: appetizing hairy legs native (http://www.autoadmit.com/thread.php?thread_id=5526488&forum_id=2#47646381) |
|
Date: May 9th, 2024 8:50 AM Author: Razzmatazz antidepressant drug 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: Anal Light Gaping Piazza 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: Orchid alcoholic theatre xo or America? (http://www.autoadmit.com/thread.php?thread_id=5526488&forum_id=2#47645486) |
|
Date: May 8th, 2024 2:46 PM Author: Anal Light Gaping Piazza Yeah (http://www.autoadmit.com/thread.php?thread_id=5526488&forum_id=2#47645490) |
|
Date: May 8th, 2024 2:48 PM Author: Orchid alcoholic theatre (http://www.autoadmit.com/thread.php?thread_id=5526488&forum_id=2#47645496) |
|
Date: May 8th, 2024 7:59 PM Author: beady-eyed idiotic trailer park french chef (http://www.autoadmit.com/thread.php?thread_id=5526488&forum_id=2#47646377) |
|
Date: May 9th, 2024 8:50 AM Author: Razzmatazz antidepressant drug (http://www.autoadmit.com/thread.php?thread_id=5526488&forum_id=2#47647325) |
|
Date: May 8th, 2024 7:15 PM Author: excitant business firm striped hyena 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: salmon soggy area 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: excitant business firm striped hyena 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: beady-eyed idiotic trailer park french chef 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: Orchid alcoholic theatre 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: Crimson motley codepig 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: Cerebral ceo 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: Olive racy university turdskin 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: 180 kitchen philosopher-king 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: Orchid alcoholic theatre 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: impertinent round eye 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: Mustard Sinister Property (http://www.autoadmit.com/thread.php?thread_id=5526488&forum_id=2#47647149) |
|
Date: May 9th, 2024 6:09 AM Author: Nighttime Effete Jew 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: boyish arrogant principal's office background story 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: boyish arrogant principal's office background story 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: Mustard Sinister Property 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: Deep Frum Rigpig 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: Razzmatazz antidepressant drug also, shiplap (http://www.autoadmit.com/thread.php?thread_id=5526488&forum_id=2#47647330) |
|
Date: May 9th, 2024 9:20 AM Author: Territorial Godawful Whorehouse Mother 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) |