I’m convinced mist of these people are flat out lying to sell seminars because if he was really that good he’d just keep doing it and making his millions there.
Ding ding ding.
It is. It’s how that rich dad guy got rich, not by doing what he teach, but by selling his recipe. Someone should sell the recipe of success by teaching others how to sell the recipe of success.
Someone should sell the recipe of success by teaching others how to sell the recipe of success.
They do… And it is terrible.
I mean, this guy literally said he was doing a Q&A for people interested in real estate or that just want to learn.
Absolutely
Oh, this guy’s probably lying but this happened to me growing up. By law they couldn’t just evict us when the land developer wanted to turn the apartment complex into condos, but they didn’t want to buy us out either. Here’s what they did:
(1) Raised rent as much as they legally could as often as they could, and (2) Run renovation construction on the building as early as they could for as long as they could, which at it turns out, was several years of high school, and a year of college. Jackhammers, man.
Luckily, their plan backfired in large part because my dad was a functioning alcoholic in IT who was somehow able to pay for extra rent increases yet also didn’t have his shit together enough to look for a new place to live. Going back a decade and some change later, the entire block is generated with new asshole-modern condos except that one shit hole apartment building we lived in, haha.
a functioning alcoholic in IT who was somehow able to pay for extra rent increases yet also didn’t have his shit together enough
Son?
Your dad’s casual alcoholism saved that building <3
That’s a lot of words to say “I am a human tapeworm.”
Be more like Elon!!!
“Provide value to the world”
What value is this scumbag providing? He’s fucking over renters by removing rental properties from the market. And he’s not even providing worth to buyers because he’s doing jack-shit to improve the properties when he puts them on the market.
All he’s doing is lining his own pockets at the cost of other less fortunate people. Fucking sanctimonious hypocrite.
No doubt because some real protection to prevent this kind of bullshit was removed by bleed america red party. It is a poverty state and a red state for the exact same reason. That is pure causation not correlation. This man should be treated like a slave owner in 2024. The ethics are exactly the same exploitation and shystering.
It’s all the same, the titles were just made more palatable.
Meanwhile Norman Borlaug, most people never heard of. He is credited for saving over one billion people’s lives. Wasn’t rich and certainly didn’t drive fancy cars. He was just a clever agronomist who worked his ass off for this world. I mean if system works that way where you provide value and get moneys. Right?
Relevant Innuendo Studios video explains their thinking: https://youtu.be/agzNANfNlTs
His face deserves an interview with a cheese grater after a smarmy-fuck reply like that. Fuuuuuck him.
Wow I already hated him from the OP… This is just enraging
Every active military service member is providing more value and taking more risks than any billionaire.
Real life monopoly would be buying empty lots and developing your own houses, only to later bulldoze the houses for luxury hotels while simultaneously forcing your friends and family into bankruptcy.
Well the best strategy is to only buy four houses and never convert to hotels, preventing your opponents from buying houses, since there is a finite supply.
I find it hilarious how my sister tries all these high level strategies, and they just don’t pan out because she rolls like shit and never obtains anything worthwhile lol
Another way in which the game is like real capitalism: you can make all the smart plans you want and still get screwed over by not being lucky enough.
In monopoly, it’s dice tosses, in real life it’s usually inherited wealth and/or having the right connections through no merit of your own.
True, but only if you have enough sets to build enough houses to liquidate the supply.
I don’t do business with people who don’t know the difference between your and you’re.
Don’t ever work with the software industry.
If the guillotine market really takes off, it won’t be as popular to peddle this bullshit to the public anymore.
So single entity should own more than 50 addresses.
I mean I’d say more than 2 but ok
Federal tax the primary residence property at 0% of council rates, fed tax the 2nd at 200% council rates, the 3rd at 300%, etc.
Council rates are managed by local government authority and are driven by property value.
Order the properties by primary residence first, then lowest value to highest.
When folks start paying an extra 7-8k a year for their 4th property, 10k for their 5th, it might stop being worth it.
Main home and a holiday home/cabin or similar. Seems perfectly reasonable to me.
I’m thinking like apartment complexes and stuff. They should have to either be smaller to accommodate the limit, or split up across owners.
I mean it’s not quite THAT cut and dry… But I can agree with the sentiment
True, 50 is way too high.
You spelled 1 wrong.
In Holland we have wooncorporaties, which are non-profit companies that own apartments and rent them out. They are cheap, and usually there is a maximum income for tenants. There is a waiting list, and a lot of people add their names as soon as they turn 18.
The Dutch housing market is fucked, but these are good, and would not be possible if you restricted them to a single apartment.
eh I’m OK with summertime having a vacation home
but like someone above u said, just tax the fuck out of each next home on an exponential scale
Parasites
You’re*
Bro leaches millions off regular people and can’t even master contractions.
Stop sharpening your pitchforks. Dull ones hurt more.
Are they just changing the name from apartments to condos? And charging more? Why wouldn’t that already be priced in to the current price?
Apparently a condo is an apartment you own. So they’re buying an apartment complex wholesale and then selling (not renting) individual units.
He should be a hero of Lemmy then, seeing how much people hate landlords lol
Yeah, because people who hate landlords always love real estate speculation vultures. 🙄
Don’t play even more dumb than you doubtlessly are.
Ironic
You mean that you were being sarcastic? Or you think I’m dumb for pointing out that just because landlords exploit poor people doesn’t mean real estate speculation doesn’t hurt poor people?
It’s easier to know how wrong you’re being when you use more than one word.
You mean that you were being sarcastic?
Ding ding ding, we got a winner
Pretty poor execution, then, what with making it seem like you think landlords and real estate speculaters aren’t two sides of the same eviction notice 🤷
It’s going from rental units to individually owned units. Meaning that people that are renting will be able to buy and build equity, and their mortgage will probably be cheaper than their rent.
Meaning that people that are renting will be able to buy and build equity
If they can afford to/get approved for a loan to be able to afford it. They can’t. That’s why they rent rather than buy.
The system and vultures like this guy make it much cheaper to already be rich than to be poor and you’re acting like he’s doing people a favor by pricing them out of their homes.
Why wouldn’t get they approved? There’s many programs out there to help first time home buyers. Often the biggest hurdle is lack of available inventory driving up the price. Who do you picture buying these condos once they’re on the market?
Why wouldn’t get they approved?
Because banks tend not to give loans to poor people. At least not ones without predatory terms and ruinously high interest.
There’s many programs out there to help first time home buyers
Most of which are either super expensive, require battling a Kafkaesque amount of bureaucracy or are simply means tested to the point that 5 people total are eligible to even apply for them.
Often the biggest hurdle is lack of available inventory driving up the price
And even MORE often, there are more empty buildings outside of most people’s price range than there are people looking to buy a home.
Who do you picture buying these condos once they’re on the market
Profiteering real estate conglomerates, mostly.
I encourage you to step out of the Internet bubble of hopelessness and research what it takes to achieve homeownership. Almost anyone can get a mortgage with fair rates and zero money in their pocket. There’s much more oversight than you’d expect to ensure that poor people aren’t taken advantage of in the ways you described. There’s even great programs to reduce interest rates and eliminate down-payments for low-credit low-earners if they take a free class that teaches them about homeownership. You might benefit from that.
I think the biggest problem is a lack of education on the subject. People see that they don’t qualify for the types of loans their parents got and thus think that homeownership is impossible for them. Thus they throw money away on ever-increasing rent instead of locking into the same monthly payment with a mortgage.
This is what you would want though. Let people buy their homes. You don’t want giant corporations owning massive apartment blocks and forcing everyone to pay them monthly.
But why should the gains from this go to a private organization. Either the current owner does this and realizes the gains. Or the city does this and the city treasury should be entitled to the profit. It is absolute horse manure that we find this kind of leeching acceptable.
I assume currently the gains go to a private organization anyway.
I’d rather see it sold off to individual owners.
(That’s assuming this whole thing isn’t bullshit, which it is.)
The current occupants should at least get first pass at buying the apartment they live in. They also should not be removed just so a middle man could make money. If they get bought out then sure.
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Fair play
Mao zedong left us too soon
