\
  The most prestigious law school admissions discussion board in the world.
BackRefresh Options Favorite

why do proles get fixated on "flipping houses"

...
Blue wagecucks
  05/08/24
>$100k at once, to proles, is the mental equivalent of $1...
stirring plum masturbator
  05/08/24
Lmao flippers make more like $15-30k
Laughsome boltzmann people who are hurt
  05/08/24
The final check is all that matters.
stirring plum masturbator
  05/08/24
They make like $2/hr but then they get a big check.
carmine sexy dog poop
  05/08/24
and with no concept of the risks the lucky ones do this f...
Laughsome boltzmann people who are hurt
  05/08/24
literally met for coffee with a house flipper client today. ...
fishy frisky famous landscape painting
  05/08/24
did he make u buy him a dozen croissants to go?
Amber hairless whorehouse
  05/08/24
...
Chrome Point Indirect Expression
  05/08/24
I meant average ones but for everyone timing the market i...
Laughsome boltzmann people who are hurt
  05/08/24
yeah every flipper knows one guy like this which is why they...
Primrose friendly grandma national security agency
  05/08/24
yeah then you press them on closing costs and taxes and inte...
Bearded Patrolman Shitlib
  05/08/24
they just write it off
Laughsome boltzmann people who are hurt
  05/08/24
what does that even mean?
Pea-brained vivacious cruise ship
  05/08/24
they know what it means
Laughsome boltzmann people who are hurt
  05/08/24
...
Bearded Patrolman Shitlib
  05/08/24
It means they commit tax fraud
Primrose friendly grandma national security agency
  05/08/24
strong post moniker synergy
Laughsome boltzmann people who are hurt
  05/08/24
then flee to their home country
Bonkers misunderstood sound barrier
  05/09/24
They write it off, Jerry!
spruce talented milk national
  05/08/24
so you're doing 4-6 projects a year dealing with contractors...
ocher seedy party of the first part kitchen
  05/08/24
That's huge money for a prole with no education. And they're...
provocative son of senegal meetinghouse
  05/08/24
fair point, i noticed two guys i grew up with who are the te...
ocher seedy party of the first part kitchen
  05/09/24
That's a lot of money and way more than I make as an attorne...
unhinged mental disorder hall
  05/08/24
If you're smart you get a relators license so you collect th...
provocative son of senegal meetinghouse
  05/08/24
titcr
Bonkers misunderstood sound barrier
  05/09/24
...
Primrose friendly grandma national security agency
  05/08/24
houses/property are tangible, unlike most other financial th...
Aphrodisiac translucent sanctuary mediation
  05/08/24
correct
Spectacular Territorial Telephone Chapel
  05/09/24
only access to leverage proles have. the believe themselves ...
fragrant community account macaca
  05/08/24
Exactly cr. It's the only "asset class" that prole...
Dark sick clown university
  05/08/24
except the latter understand real estate cycles
Laughsome boltzmann people who are hurt
  05/08/24
Quote from an old thread: To get in the mind of a prole, ...
stirring plum masturbator
  05/08/24
the crab bucket mentality of the proles is especially apt. n...
fragrant community account macaca
  05/08/24
I had a friend who lived in a luxury high rise he couldn't a...
costumed pink hell
  05/08/24
20 years ago I knew a guy who owned 3 houses in another stat...
Laughsome boltzmann people who are hurt
  05/08/24
I escaped the pit. problem is you are always "from"...
odious market
  05/08/24
But I don't have a pit like that
mahogany trailer park liquid oxygen
  05/08/24
The dog turned the rat and the snake against each other and ...
Gay cracking knife
  05/08/24
...
stirring plum masturbator
  05/08/24
Marlon Brando loved cats
Bonkers misunderstood sound barrier
  05/09/24
I hate this gay and retarded kike shithole
Chrome Point Indirect Expression
  05/08/24
xo or America?
Laughsome boltzmann people who are hurt
  05/08/24
Yeah
Chrome Point Indirect Expression
  05/08/24
...
Laughsome boltzmann people who are hurt
  05/08/24
...
Massive erotic gas station dopamine
  05/08/24
...
Bonkers misunderstood sound barrier
  05/09/24
A lot of privileged morons in this thread. Houses are lit...
soul-stirring orange public bath
  05/08/24
just invest in low-cost index funds in your 401k, bro.
Pea-brained vivacious cruise ship
  05/08/24
Oh wow, so if you make $50k and put away 10% of your income,...
soul-stirring orange public bath
  05/08/24
It sounds like you're really not getting the miracle of comp...
Massive erotic gas station dopamine
  05/08/24
you seem about 20% of the way towards identifying the system...
Laughsome boltzmann people who are hurt
  05/08/24
The top of the flipper market clearly do very well. High end...
at-the-ready fuchsia coldplay fan boistinker
  05/08/24
They luv the idea of making quick money.
iridescent mexican
  05/08/24
They would rather be the perpetrators of house prices than t...
Boyish Turquoise Abode
  05/08/24
I seem to have unlocked the secret to getting engagement her...
Blue wagecucks
  05/08/24
property + proles are both low hanging fruit but yes they wo...
Laughsome boltzmann people who are hurt
  05/09/24
Other forms of significant wealth creation are too abstract ...
Histrionic Fear-inspiring Brethren Depressive
  05/09/24
...
Primrose friendly grandma national security agency
  05/09/24
we do this thread once every a year and this is always the m...
Motley gaping stage
  05/09/24
As always CR on this topic
multi-colored business firm
  05/09/24
Don’t forget a major part of their familiarity is thei...
multi-colored business firm
  05/09/24
This 2009 SI article is required reading on this point ht...
Primrose friendly grandma national security agency
  05/09/24
the stock market is boring. real estate is more "fun&qu...
electric underhanded orchestra pit
  05/09/24
also, shiplap
Bonkers misunderstood sound barrier
  05/09/24
proles love pipe dreams, only to come out on the losing end-...
razzle hateful senate mad-dog skullcap
  05/09/24


Poast new message in this thread



Reply Favorite

Date: May 8th, 2024 2:38 PM
Author: Blue wagecucks



(http://www.autoadmit.com/thread.php?thread_id=5526488&forum_id=2#47645448)



Reply Favorite

Date: May 8th, 2024 2:39 PM
Author: stirring plum masturbator

>$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)



Reply Favorite

Date: May 8th, 2024 2:39 PM
Author: Laughsome boltzmann people who are hurt

Lmao flippers make more like $15-30k

(http://www.autoadmit.com/thread.php?thread_id=5526488&forum_id=2#47645458)



Reply Favorite

Date: May 8th, 2024 2:40 PM
Author: stirring plum masturbator

The final check is all that matters.

(http://www.autoadmit.com/thread.php?thread_id=5526488&forum_id=2#47645460)



Reply Favorite

Date: May 8th, 2024 2:45 PM
Author: carmine sexy dog poop

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)



Reply Favorite

Date: May 8th, 2024 2:47 PM
Author: Laughsome boltzmann people who are hurt

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

(http://www.autoadmit.com/thread.php?thread_id=5526488&forum_id=2#47645495)



Reply Favorite

Date: May 8th, 2024 3:02 PM
Author: fishy frisky famous landscape painting

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)



Reply Favorite

Date: May 8th, 2024 3:02 PM
Author: Amber hairless whorehouse

did he make u buy him a dozen croissants to go?

(http://www.autoadmit.com/thread.php?thread_id=5526488&forum_id=2#47645556)



Reply Favorite

Date: May 8th, 2024 3:53 PM
Author: Chrome Point Indirect Expression



(http://www.autoadmit.com/thread.php?thread_id=5526488&forum_id=2#47645726)



Reply Favorite

Date: May 8th, 2024 3:03 PM
Author: Laughsome boltzmann people who are hurt

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

(http://www.autoadmit.com/thread.php?thread_id=5526488&forum_id=2#47645557)



Reply Favorite

Date: May 8th, 2024 3:51 PM
Author: Primrose friendly grandma national security agency

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)



Reply Favorite

Date: May 8th, 2024 3:58 PM
Author: Bearded Patrolman Shitlib

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)



Reply Favorite

Date: May 8th, 2024 3:59 PM
Author: Laughsome boltzmann people who are hurt

they just write it off

(http://www.autoadmit.com/thread.php?thread_id=5526488&forum_id=2#47645748)



Reply Favorite

Date: May 8th, 2024 4:03 PM
Author: Pea-brained vivacious cruise ship

what does that even mean?

(http://www.autoadmit.com/thread.php?thread_id=5526488&forum_id=2#47645760)



Reply Favorite

Date: May 8th, 2024 4:06 PM
Author: Laughsome boltzmann people who are hurt

they know what it means

(http://www.autoadmit.com/thread.php?thread_id=5526488&forum_id=2#47645768)



Reply Favorite

Date: May 8th, 2024 4:08 PM
Author: Bearded Patrolman Shitlib



(http://www.autoadmit.com/thread.php?thread_id=5526488&forum_id=2#47645773)



Reply Favorite

Date: May 8th, 2024 4:09 PM
Author: Primrose friendly grandma national security agency

It means they commit tax fraud

(http://www.autoadmit.com/thread.php?thread_id=5526488&forum_id=2#47645775)



Reply Favorite

Date: May 8th, 2024 7:18 PM
Author: Laughsome boltzmann people who are hurt

strong post moniker synergy

(http://www.autoadmit.com/thread.php?thread_id=5526488&forum_id=2#47646321)



Reply Favorite

Date: May 9th, 2024 8:47 AM
Author: Bonkers misunderstood sound barrier

then flee to their home country

(http://www.autoadmit.com/thread.php?thread_id=5526488&forum_id=2#47647316)



Reply Favorite

Date: May 8th, 2024 9:22 PM
Author: spruce talented milk national

They write it off, Jerry!

(http://www.autoadmit.com/thread.php?thread_id=5526488&forum_id=2#47646609)



Reply Favorite

Date: May 8th, 2024 7:55 PM
Author: ocher seedy party of the first part kitchen

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)



Reply Favorite

Date: May 8th, 2024 8:05 PM
Author: provocative son of senegal meetinghouse

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)



Reply Favorite

Date: May 9th, 2024 10:04 AM
Author: ocher seedy party of the first part kitchen

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)



Reply Favorite

Date: May 8th, 2024 8:13 PM
Author: unhinged mental disorder hall

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)



Reply Favorite

Date: May 8th, 2024 8:04 PM
Author: provocative son of senegal meetinghouse

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)



Reply Favorite

Date: May 9th, 2024 8:47 AM
Author: Bonkers misunderstood sound barrier

titcr

(http://www.autoadmit.com/thread.php?thread_id=5526488&forum_id=2#47647317)



Reply Favorite

Date: May 8th, 2024 3:02 PM
Author: Primrose friendly grandma national security agency



(http://www.autoadmit.com/thread.php?thread_id=5526488&forum_id=2#47645553)



Reply Favorite

Date: May 8th, 2024 2:39 PM
Author: Aphrodisiac translucent sanctuary mediation

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)



Reply Favorite

Date: May 9th, 2024 8:26 AM
Author: Spectacular Territorial Telephone Chapel

correct

(http://www.autoadmit.com/thread.php?thread_id=5526488&forum_id=2#47647275)



Reply Favorite

Date: May 8th, 2024 2:39 PM
Author: fragrant community account macaca

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)



Reply Favorite

Date: May 8th, 2024 2:43 PM
Author: Dark sick clown university

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

(http://www.autoadmit.com/thread.php?thread_id=5526488&forum_id=2#47645470)



Reply Favorite

Date: May 8th, 2024 2:43 PM
Author: Laughsome boltzmann people who are hurt

except the latter understand real estate cycles

(http://www.autoadmit.com/thread.php?thread_id=5526488&forum_id=2#47645475)



Reply Favorite

Date: May 8th, 2024 2:43 PM
Author: stirring plum masturbator

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.



(http://www.autoadmit.com/thread.php?thread_id=5526488&forum_id=2#47645474)



Reply Favorite

Date: May 8th, 2024 2:54 PM
Author: fragrant community account macaca

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)



Reply Favorite

Date: May 8th, 2024 3:06 PM
Author: costumed pink hell

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)



Reply Favorite

Date: May 8th, 2024 3:11 PM
Author: Laughsome boltzmann people who are hurt

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

(http://www.autoadmit.com/thread.php?thread_id=5526488&forum_id=2#47645579)



Reply Favorite

Date: May 8th, 2024 3:13 PM
Author: odious market

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)



Reply Favorite

Date: May 8th, 2024 3:39 PM
Author: mahogany trailer park liquid oxygen

But I don't have a pit like that

(http://www.autoadmit.com/thread.php?thread_id=5526488&forum_id=2#47645679)



Reply Favorite

Date: May 8th, 2024 7:43 PM
Author: Gay cracking knife

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)



Reply Favorite

Date: May 8th, 2024 8:01 PM
Author: stirring plum masturbator



(http://www.autoadmit.com/thread.php?thread_id=5526488&forum_id=2#47646381)



Reply Favorite

Date: May 9th, 2024 8:50 AM
Author: Bonkers misunderstood sound barrier

Marlon Brando loved cats

(http://www.autoadmit.com/thread.php?thread_id=5526488&forum_id=2#47647324)



Reply Favorite

Date: May 8th, 2024 2:44 PM
Author: Chrome Point Indirect Expression

I hate this gay and retarded kike shithole

(http://www.autoadmit.com/thread.php?thread_id=5526488&forum_id=2#47645477)



Reply Favorite

Date: May 8th, 2024 2:45 PM
Author: Laughsome boltzmann people who are hurt

xo or America?

(http://www.autoadmit.com/thread.php?thread_id=5526488&forum_id=2#47645486)



Reply Favorite

Date: May 8th, 2024 2:46 PM
Author: Chrome Point Indirect Expression

Yeah

(http://www.autoadmit.com/thread.php?thread_id=5526488&forum_id=2#47645490)



Reply Favorite

Date: May 8th, 2024 2:48 PM
Author: Laughsome boltzmann people who are hurt



(http://www.autoadmit.com/thread.php?thread_id=5526488&forum_id=2#47645496)



Reply Favorite

Date: May 8th, 2024 7:59 PM
Author: Massive erotic gas station dopamine



(http://www.autoadmit.com/thread.php?thread_id=5526488&forum_id=2#47646377)



Reply Favorite

Date: May 9th, 2024 8:50 AM
Author: Bonkers misunderstood sound barrier



(http://www.autoadmit.com/thread.php?thread_id=5526488&forum_id=2#47647325)



Reply Favorite

Date: May 8th, 2024 7:15 PM
Author: soul-stirring orange public bath

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?

(http://www.autoadmit.com/thread.php?thread_id=5526488&forum_id=2#47646318)



Reply Favorite

Date: May 8th, 2024 7:18 PM
Author: Pea-brained vivacious cruise ship

just invest in low-cost index funds in your 401k, bro.

(http://www.autoadmit.com/thread.php?thread_id=5526488&forum_id=2#47646322)



Reply Favorite

Date: May 8th, 2024 7:26 PM
Author: soul-stirring orange public bath

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...

(http://www.autoadmit.com/thread.php?thread_id=5526488&forum_id=2#47646332)



Reply Favorite

Date: May 8th, 2024 9:17 PM
Author: Massive erotic gas station dopamine

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)



Reply Favorite

Date: May 8th, 2024 7:19 PM
Author: Laughsome boltzmann people who are hurt

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)



Reply Favorite

Date: May 8th, 2024 7:53 PM
Author: at-the-ready fuchsia coldplay fan boistinker

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)



Reply Favorite

Date: May 8th, 2024 7:57 PM
Author: iridescent mexican

They luv the idea of making quick money.

(http://www.autoadmit.com/thread.php?thread_id=5526488&forum_id=2#47646375)



Reply Favorite

Date: May 8th, 2024 9:26 PM
Author: Boyish Turquoise Abode

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)



Reply Favorite

Date: May 8th, 2024 10:05 PM
Author: Blue wagecucks

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)



Reply Favorite

Date: May 9th, 2024 8:44 AM
Author: Laughsome boltzmann people who are hurt

property + proles are both low hanging fruit but yes they work

(http://www.autoadmit.com/thread.php?thread_id=5526488&forum_id=2#47647311)



Reply Favorite

Date: May 9th, 2024 12:45 AM
Author: Histrionic Fear-inspiring Brethren Depressive

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)



Reply Favorite

Date: May 9th, 2024 5:17 AM
Author: Primrose friendly grandma national security agency



(http://www.autoadmit.com/thread.php?thread_id=5526488&forum_id=2#47647149)



Reply Favorite

Date: May 9th, 2024 6:09 AM
Author: Motley gaping stage

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)



Reply Favorite

Date: May 9th, 2024 8:17 AM
Author: multi-colored business firm

As always CR on this topic

(http://www.autoadmit.com/thread.php?thread_id=5526488&forum_id=2#47647264)



Reply Favorite

Date: May 9th, 2024 8:20 AM
Author: multi-colored business firm

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)



Reply Favorite

Date: May 9th, 2024 9:11 AM
Author: Primrose friendly grandma national security agency

This 2009 SI article is required reading on this point

https://vault.si.com/vault/2009/03/23/how-and-why-athletes-go-broke

(http://www.autoadmit.com/thread.php?thread_id=5526488&forum_id=2#47647354)



Reply Favorite

Date: May 9th, 2024 8:29 AM
Author: electric underhanded orchestra pit

the stock market is boring. real estate is more "fun".

(http://www.autoadmit.com/thread.php?thread_id=5526488&forum_id=2#47647282)



Reply Favorite

Date: May 9th, 2024 8:52 AM
Author: Bonkers misunderstood sound barrier

also, shiplap

(http://www.autoadmit.com/thread.php?thread_id=5526488&forum_id=2#47647330)



Reply Favorite

Date: May 9th, 2024 9:20 AM
Author: razzle hateful senate mad-dog skullcap

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)