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why do proles get fixated on "flipping houses"

...
Lemon mad cow disease mother
  05/08/24
>$100k at once, to proles, is the mental equivalent of $1...
stubborn national security agency
  05/08/24
Lmao flippers make more like $15-30k
Stimulating school cafeteria goyim
  05/08/24
The final check is all that matters.
stubborn national security agency
  05/08/24
They make like $2/hr but then they get a big check.
self-centered skinny woman pit
  05/08/24
and with no concept of the risks the lucky ones do this f...
Stimulating school cafeteria goyim
  05/08/24
literally met for coffee with a house flipper client today. ...
Mauve 180 ticket booth
  05/08/24
did he make u buy him a dozen croissants to go?
mentally impaired comical haunted graveyard
  05/08/24
...
harsh talented newt
  05/08/24
I meant average ones but for everyone timing the market i...
Stimulating school cafeteria goyim
  05/08/24
yeah every flipper knows one guy like this which is why they...
Vermilion menage
  05/08/24
yeah then you press them on closing costs and taxes and inte...
red lodge coffee pot
  05/08/24
they just write it off
Stimulating school cafeteria goyim
  05/08/24
what does that even mean?
Indigo National
  05/08/24
they know what it means
Stimulating school cafeteria goyim
  05/08/24
...
red lodge coffee pot
  05/08/24
It means they commit tax fraud
Vermilion menage
  05/08/24
strong post moniker synergy
Stimulating school cafeteria goyim
  05/08/24
then flee to their home country
Bossy senate generalized bond
  05/09/24
They write it off, Jerry!
Snowy Nursing Home
  05/08/24
so you're doing 4-6 projects a year dealing with contractors...
Beady-eyed plum church athletic conference
  05/08/24
That's huge money for a prole with no education. And they're...
fragrant whorehouse
  05/08/24
fair point, i noticed two guys i grew up with who are the te...
Beady-eyed plum church athletic conference
  05/09/24
That's a lot of money and way more than I make as an attorne...
Charismatic weed whacker double fault
  05/08/24
If you're smart you get a relators license so you collect th...
fragrant whorehouse
  05/08/24
titcr
Bossy senate generalized bond
  05/09/24
...
Vermilion menage
  05/08/24
houses/property are tangible, unlike most other financial th...
Angry point
  05/08/24
correct
Glittery Native Death Wish
  05/09/24
only access to leverage proles have. the believe themselves ...
curious burgundy library fortuitous meteor
  05/08/24
Exactly cr. It's the only "asset class" that prole...
aphrodisiac sticky main people principal's office
  05/08/24
except the latter understand real estate cycles
Stimulating school cafeteria goyim
  05/08/24
Quote from an old thread: To get in the mind of a prole, ...
stubborn national security agency
  05/08/24
the crab bucket mentality of the proles is especially apt. n...
curious burgundy library fortuitous meteor
  05/08/24
I had a friend who lived in a luxury high rise he couldn't a...
elite fuchsia locale
  05/08/24
20 years ago I knew a guy who owned 3 houses in another stat...
Stimulating school cafeteria goyim
  05/08/24
I escaped the pit. problem is you are always "from"...
Cordovan philosopher-king
  05/08/24
But I don't have a pit like that
territorial sweet tailpipe hominid
  05/08/24
The dog turned the rat and the snake against each other and ...
Supple community account state
  05/08/24
...
stubborn national security agency
  05/08/24
Marlon Brando loved cats
Bossy senate generalized bond
  05/09/24
I hate this gay and retarded kike shithole
harsh talented newt
  05/08/24
xo or America?
Stimulating school cafeteria goyim
  05/08/24
Yeah
harsh talented newt
  05/08/24
...
Stimulating school cafeteria goyim
  05/08/24
...
Racy Anal Antidepressant Drug Genital Piercing
  05/08/24
...
Bossy senate generalized bond
  05/09/24
A lot of privileged morons in this thread. Houses are lit...
Cocky Startling Property Boltzmann
  05/08/24
just invest in low-cost index funds in your 401k, bro.
Indigo National
  05/08/24
Oh wow, so if you make $50k and put away 10% of your income,...
Cocky Startling Property Boltzmann
  05/08/24
It sounds like you're really not getting the miracle of comp...
Racy Anal Antidepressant Drug Genital Piercing
  05/08/24
you seem about 20% of the way towards identifying the system...
Stimulating school cafeteria goyim
  05/08/24
The top of the flipper market clearly do very well. High end...
Razzle Turquoise Shrine Toaster
  05/08/24
They luv the idea of making quick money.
High-end Pea-brained Windowlicker Puppy
  05/08/24
They would rather be the perpetrators of house prices than t...
obsidian swashbuckling elastic band
  05/08/24
I seem to have unlocked the secret to getting engagement her...
Lemon mad cow disease mother
  05/08/24
property + proles are both low hanging fruit but yes they wo...
Stimulating school cafeteria goyim
  05/09/24
Other forms of significant wealth creation are too abstract ...
Sienna Orchestra Pit Selfie
  05/09/24
...
Vermilion menage
  05/09/24
we do this thread once every a year and this is always the m...
stirring stock car telephone
  05/09/24
As always CR on this topic
thriller massive piazza
  05/09/24
Don’t forget a major part of their familiarity is thei...
thriller massive piazza
  05/09/24
This 2009 SI article is required reading on this point ht...
Vermilion menage
  05/09/24
the stock market is boring. real estate is more "fun&qu...
Motley disgusting turdskin
  05/09/24
also, shiplap
Bossy senate generalized bond
  05/09/24
proles love pipe dreams, only to come out on the losing end-...
Vibrant bawdyhouse feces
  05/09/24


Poast new message in this thread



Reply Favorite

Date: May 8th, 2024 2:38 PM
Author: Lemon mad cow disease mother



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



Reply Favorite

Date: May 8th, 2024 2:39 PM
Author: stubborn national security agency

>$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: Stimulating school cafeteria goyim

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: stubborn national security agency

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: self-centered skinny woman 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: Stimulating school cafeteria goyim

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: Mauve 180 ticket booth

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: mentally impaired comical haunted graveyard

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: harsh talented newt



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



Reply Favorite

Date: May 8th, 2024 3:03 PM
Author: Stimulating school cafeteria goyim

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: Vermilion menage

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: red lodge coffee pot

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: Stimulating school cafeteria goyim

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: Indigo National

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: Stimulating school cafeteria goyim

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: red lodge coffee pot



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



Reply Favorite

Date: May 8th, 2024 4:09 PM
Author: Vermilion menage

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: Stimulating school cafeteria goyim

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: Bossy senate generalized bond

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: Snowy Nursing Home

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: Beady-eyed plum church athletic conference

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: fragrant whorehouse

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: Beady-eyed plum church athletic conference

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: Charismatic weed whacker double fault

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: fragrant whorehouse

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: Bossy senate generalized bond

titcr

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



Reply Favorite

Date: May 8th, 2024 3:02 PM
Author: Vermilion menage



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



Reply Favorite

Date: May 8th, 2024 2:39 PM
Author: Angry point

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: Glittery Native Death Wish

correct

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



Reply Favorite

Date: May 8th, 2024 2:39 PM
Author: curious burgundy library fortuitous meteor

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: aphrodisiac sticky main people principal's office

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: Stimulating school cafeteria goyim

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: stubborn national security agency

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: curious burgundy library fortuitous meteor

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: elite fuchsia locale

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: Stimulating school cafeteria goyim

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: Cordovan philosopher-king

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: territorial sweet tailpipe hominid

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: Supple community account state

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: stubborn national security agency



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



Reply Favorite

Date: May 9th, 2024 8:50 AM
Author: Bossy senate generalized bond

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: harsh talented newt

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: Stimulating school cafeteria goyim

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: harsh talented newt

Yeah

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



Reply Favorite

Date: May 8th, 2024 2:48 PM
Author: Stimulating school cafeteria goyim



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



Reply Favorite

Date: May 8th, 2024 7:59 PM
Author: Racy Anal Antidepressant Drug Genital Piercing



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



Reply Favorite

Date: May 9th, 2024 8:50 AM
Author: Bossy senate generalized bond



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



Reply Favorite

Date: May 8th, 2024 7:15 PM
Author: Cocky Startling Property Boltzmann

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: Indigo National

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: Cocky Startling Property Boltzmann

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: Racy Anal Antidepressant Drug Genital Piercing

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: Stimulating school cafeteria goyim

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: Razzle Turquoise Shrine Toaster

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: High-end Pea-brained Windowlicker Puppy

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: obsidian swashbuckling elastic band

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: Lemon mad cow disease mother

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: Stimulating school cafeteria goyim

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: Sienna Orchestra Pit Selfie

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: Vermilion menage



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



Reply Favorite

Date: May 9th, 2024 6:09 AM
Author: stirring stock car telephone

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 massive piazza

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 massive piazza

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: Vermilion menage

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: Motley disgusting turdskin

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: Bossy senate generalized bond

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: Vibrant bawdyhouse feces

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)