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why do proles get fixated on "flipping houses"

...
exhilarant wild brunch halford
  05/08/24
>$100k at once, to proles, is the mental equivalent of $1...
Pungent personal credit line school cafeteria
  05/08/24
Lmao flippers make more like $15-30k
Bateful bronze hissy fit
  05/08/24
The final check is all that matters.
Pungent personal credit line school cafeteria
  05/08/24
They make like $2/hr but then they get a big check.
aggressive cobalt keepsake machete pit
  05/08/24
and with no concept of the risks the lucky ones do this f...
Bateful bronze hissy fit
  05/08/24
literally met for coffee with a house flipper client today. ...
Cowardly mahogany location
  05/08/24
did he make u buy him a dozen croissants to go?
Glittery Dun Kitchen Feces
  05/08/24
...
aromatic business firm gunner
  05/08/24
I meant average ones but for everyone timing the market i...
Bateful bronze hissy fit
  05/08/24
yeah every flipper knows one guy like this which is why they...
blue effete piazza reading party
  05/08/24
yeah then you press them on closing costs and taxes and inte...
demanding comical main people station
  05/08/24
they just write it off
Bateful bronze hissy fit
  05/08/24
what does that even mean?
Buck-toothed Public Bath Faggotry
  05/08/24
they know what it means
Bateful bronze hissy fit
  05/08/24
...
demanding comical main people station
  05/08/24
It means they commit tax fraud
blue effete piazza reading party
  05/08/24
strong post moniker synergy
Bateful bronze hissy fit
  05/08/24
then flee to their home country
apoplectic cheese-eating volcanic crater sanctuary
  05/09/24
They write it off, Jerry!
Red Tank
  05/08/24
so you're doing 4-6 projects a year dealing with contractors...
sienna love of her life hell
  05/08/24
That's huge money for a prole with no education. And they're...
Honey-headed fluffy marketing idea
  05/08/24
fair point, i noticed two guys i grew up with who are the te...
sienna love of her life hell
  05/09/24
That's a lot of money and way more than I make as an attorne...
exciting doobsian hospital
  05/08/24
If you're smart you get a relators license so you collect th...
Honey-headed fluffy marketing idea
  05/08/24
titcr
apoplectic cheese-eating volcanic crater sanctuary
  05/09/24
...
blue effete piazza reading party
  05/08/24
houses/property are tangible, unlike most other financial th...
heady hot trailer park antidepressant drug
  05/08/24
correct
Big Vengeful Ticket Booth
  05/09/24
only access to leverage proles have. the believe themselves ...
iridescent depressive
  05/08/24
Exactly cr. It's the only "asset class" that prole...
Mint parlour
  05/08/24
except the latter understand real estate cycles
Bateful bronze hissy fit
  05/08/24
Quote from an old thread: To get in the mind of a prole, ...
Pungent personal credit line school cafeteria
  05/08/24
the crab bucket mentality of the proles is especially apt. n...
iridescent depressive
  05/08/24
I had a friend who lived in a luxury high rise he couldn't a...
yapping silver digit ratio shrine
  05/08/24
20 years ago I knew a guy who owned 3 houses in another stat...
Bateful bronze hissy fit
  05/08/24
I escaped the pit. problem is you are always "from"...
Chrome center sweet tailpipe
  05/08/24
But I don't have a pit like that
Bat-shit-crazy stock car house
  05/08/24
The dog turned the rat and the snake against each other and ...
Racy maniacal headpube hairy legs
  05/08/24
...
Pungent personal credit line school cafeteria
  05/08/24
Marlon Brando loved cats
apoplectic cheese-eating volcanic crater sanctuary
  05/09/24
I hate this gay and retarded kike shithole
aromatic business firm gunner
  05/08/24
xo or America?
Bateful bronze hissy fit
  05/08/24
Yeah
aromatic business firm gunner
  05/08/24
...
Bateful bronze hissy fit
  05/08/24
...
Submissive nursing home jap
  05/08/24
...
apoplectic cheese-eating volcanic crater sanctuary
  05/09/24
A lot of privileged morons in this thread. Houses are lit...
Dead Costumed Water Buffalo Bawdyhouse
  05/08/24
just invest in low-cost index funds in your 401k, bro.
Buck-toothed Public Bath Faggotry
  05/08/24
Oh wow, so if you make $50k and put away 10% of your income,...
Dead Costumed Water Buffalo Bawdyhouse
  05/08/24
It sounds like you're really not getting the miracle of comp...
Submissive nursing home jap
  05/08/24
you seem about 20% of the way towards identifying the system...
Bateful bronze hissy fit
  05/08/24
The top of the flipper market clearly do very well. High end...
Multi-colored slap-happy box office wrinkle
  05/08/24
They luv the idea of making quick money.
disgusting queen of the night
  05/08/24
They would rather be the perpetrators of house prices than t...
Crusty sable native jewess
  05/08/24
I seem to have unlocked the secret to getting engagement her...
exhilarant wild brunch halford
  05/08/24
property + proles are both low hanging fruit but yes they wo...
Bateful bronze hissy fit
  05/09/24
Other forms of significant wealth creation are too abstract ...
khaki fiercely-loyal elastic band
  05/09/24
...
blue effete piazza reading party
  05/09/24
we do this thread once every a year and this is always the m...
Mildly autistic carmine institution trump supporter
  05/09/24
As always CR on this topic
thriller aquamarine scourge upon the earth factory reset button
  05/09/24
Don’t forget a major part of their familiarity is thei...
thriller aquamarine scourge upon the earth factory reset button
  05/09/24
This 2009 SI article is required reading on this point ht...
blue effete piazza reading party
  05/09/24
the stock market is boring. real estate is more "fun&qu...
milky university
  05/09/24
also, shiplap
apoplectic cheese-eating volcanic crater sanctuary
  05/09/24
proles love pipe dreams, only to come out on the losing end-...
soul-stirring emerald turdskin
  05/09/24


Poast new message in this thread



Reply Favorite

Date: May 8th, 2024 2:38 PM
Author: exhilarant wild brunch halford



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



Reply Favorite

Date: May 8th, 2024 2:39 PM
Author: Pungent personal credit line school cafeteria

>$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: Bateful bronze hissy fit

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: Pungent personal credit line school cafeteria

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: aggressive cobalt keepsake machete pit

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: Bateful bronze hissy fit

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: Cowardly mahogany location

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: Glittery Dun Kitchen Feces

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: aromatic business firm gunner



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



Reply Favorite

Date: May 8th, 2024 3:03 PM
Author: Bateful bronze hissy fit

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: blue effete piazza reading party

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: demanding comical main people station

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: Bateful bronze hissy fit

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: Buck-toothed Public Bath Faggotry

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: Bateful bronze hissy fit

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: demanding comical main people station



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



Reply Favorite

Date: May 8th, 2024 4:09 PM
Author: blue effete piazza reading party

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: Bateful bronze hissy fit

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: apoplectic cheese-eating volcanic crater sanctuary

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: Red Tank

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: sienna love of her life hell

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: Honey-headed fluffy marketing idea

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: sienna love of her life hell

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: exciting doobsian hospital

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: Honey-headed fluffy marketing idea

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: apoplectic cheese-eating volcanic crater sanctuary

titcr

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



Reply Favorite

Date: May 8th, 2024 3:02 PM
Author: blue effete piazza reading party



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



Reply Favorite

Date: May 8th, 2024 2:39 PM
Author: heady hot trailer park antidepressant drug

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: Big Vengeful Ticket Booth

correct

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



Reply Favorite

Date: May 8th, 2024 2:39 PM
Author: iridescent depressive

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: Mint parlour

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: Bateful bronze hissy fit

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: Pungent personal credit line school cafeteria

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: iridescent depressive

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: yapping silver digit ratio shrine

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: Bateful bronze hissy fit

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: Chrome center sweet tailpipe

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: Bat-shit-crazy stock car house

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: Racy maniacal headpube hairy legs

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: Pungent personal credit line school cafeteria



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



Reply Favorite

Date: May 9th, 2024 8:50 AM
Author: apoplectic cheese-eating volcanic crater sanctuary

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: aromatic business firm gunner

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: Bateful bronze hissy fit

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: aromatic business firm gunner

Yeah

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



Reply Favorite

Date: May 8th, 2024 2:48 PM
Author: Bateful bronze hissy fit



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



Reply Favorite

Date: May 8th, 2024 7:59 PM
Author: Submissive nursing home jap



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



Reply Favorite

Date: May 9th, 2024 8:50 AM
Author: apoplectic cheese-eating volcanic crater sanctuary



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



Reply Favorite

Date: May 8th, 2024 7:15 PM
Author: Dead Costumed Water Buffalo Bawdyhouse

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: Buck-toothed Public Bath Faggotry

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: Dead Costumed Water Buffalo Bawdyhouse

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: Submissive nursing home jap

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: Bateful bronze hissy fit

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: Multi-colored slap-happy box office wrinkle

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: disgusting queen of the night

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: Crusty sable native jewess

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: exhilarant wild brunch halford

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: Bateful bronze hissy fit

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: khaki fiercely-loyal elastic band

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: blue effete piazza reading party



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



Reply Favorite

Date: May 9th, 2024 6:09 AM
Author: Mildly autistic carmine institution trump supporter

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: thriller aquamarine scourge upon the earth factory reset button

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: thriller aquamarine scourge upon the earth factory reset button

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: blue effete piazza reading party

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: milky university

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: apoplectic cheese-eating volcanic crater sanctuary

also, shiplap

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



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Date: May 9th, 2024 9:20 AM
Author: soul-stirring emerald turdskin

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)