/biz/ - Business & Finance

[Anonymous No.54152931]

Why don't you flip homes? It's still insanely profitable if you're in the right market.

[Anonymous No.54152961]

>>54152931
Why don't you just YOLO call options? It's insanely profitable if you buy the right tickers.

[Anonymous No.54152990]

>>54152931
>Twitter screencap
>cropped the date

[Anonymous No.54153067]

>>54152931
>mortgage originations effectively zero
>interest rates at all time high
>housing is massively overvalued as is
>bagholding an overvalued toxic asset with high monthly costs that even EOY regearing losses wont cover, hoping interest rates decrease, despite govt money injections increasing inflation requiring higher rates to combat it moving forward.
Protip: being underwater on a mortgage does not make you eligible to refinance if rates magically drop in a few years.

Honestly yolo”ing your entire networth into some retarded shitcoin is a better financial move than this.

[Anonymous No.54153150]

>>54152931
Well the bubble is in…

[Anonymous No.54153710]

>>54152931
If I'm ever successful in any way I pray that I don't need to rub it in people's faces. What's the thought process behind that? It's suspicious to me when someone is doing great and they have to tell someone about it. It's that kid in school that can't stop talking about something his parents got him. It tells me that this person has no idea what it's like to not have these things. I wouldn't want the world to know I'm balls deep in the finest woman the world has ever seen, are you crazy? He might be doing people a favor and pointing them towards water. But really he's just telling you how it tastes and how he drinks it.

[Anonymous No.54153777]

>>54152931
His gf is a thin American black girl? I thought those didn't exist?

[Anonymous No.54155733]

Where is the real estate crash you people promised months ago? I'm tired of living in rent

[Anonymous No.54155764]

>mansions

[Anonymous No.54156526]

Too much work + too much money + potential for crippling debt is fucking mental + many other things. No thanks too much stress. I'd rather keep flipping shit in nftb and opensea.
>Nooo you gotta aim higher
No thanks I'm comfy and ease of mind is priceless.

[Anonymous No.54156536]

I'm not a trust fund kid.

[Anonymous No.54156547]

>>54153067
>>54156526
This

The risks are far too high

[Anonymous No.54156569]

>>54153710
Just keep in mind the truly successful people are pretty much unknown because they dont do this kind of shit. 98% of people cant name a single guy working at Blackrock.

[Anonymous No.54156578]

>>54156526
how do you even flip nfts in this day and age?

[Anonymous No.54156677]

>>54152931
I'd sell immediately if I saw these two gorillas roll up

[Anonymous No.54156752]

>>54152931
> NOW THIS IS THE STORY ALL ABOUT HOW
> MY LIFE GOT TWIST-TURNED UPSIDE-DOWN

[Anonymous No.54156806]

>>54153710
> I've got this guaranteed way of making money
> I thought I'd just share it with everyone because it's so guaranteed
talking book because book value is dropping

[Anonymous No.54156868]

>>54152931
>that shitbox plywood abomination
>a mansion
Because it's a fools game that's going to leave a lot of homeless bag holders in a short amount of time. The real money is flipping vacant plots in any metro area with new kit homes and selling them to desperate depressed millennials that never thought they'd ever own a home under market value >>54152961

[Anonymous No.54156885]

>>54152931
Yeah? Which market is that in 2023? Everyone that had a brain bought in 21 with a low 2% interest. The homes valued like they were then are sitting on the market for over 45 days and counting. Everyone that can afford to stay in their home pretty much has to because of the high-interest rates now. There's no realistic market left here until rates drop and there's fuck all chance of that happening while supply is still recovering. You are looking at several years of hurt for anyone in this market from the kikes at the bank to the kikes on the billboards.

[Anonymous No.54156946]

>>54152931
>mfw homeowners come out and yell at him to get off their lawn.

[Anonymous No.54156996]

>>54153710
>grow up being told to stay in your place and go work a job like everyone else because becoming rich is a pipe dream
>get rich
>want to show it to feel vindicated for all those years naysayers were putting you down

[Anonymous No.54157040]

>>54152931
all of these NONI loans are going to end badly

these nogs are buying homes with LLC's, no income required. it's literally just NINJA loans from '08 all over again but diversity-flavored

[Anonymous No.54157082]

>>54152931
How's the housing bubble not popped yet?

[Anonymous No.54157090]

>>54157040
Holy fuck I hadn't heard of these before. Is this what people are doing to make half of these overpriced airbnbs?

[Anonymous No.54157095]

>>54152931
If the nigger isnt larping, then I'm actually happy for him.

[Anonymous No.54157113]

>>54153710
>>54156569
Cope. I'm mid six figs and only 27. Yes I flex on social media. I broke a multi generation lower middle class lineage, least I can do is shit on everyone who knew before and clowned me

[Anonymous No.54157270]

>>54156946
lol
>honey theres niggers on the lawn, call the police!

[Anonymous No.54157339]

>>54153777
>and look at the hangers on her

[Anonymous No.54157387]

>Aristotle Investments
>We wuz PHILOSOPHERZ n sheit
Truly the torch has been passed to a worthy successor

[Anonymous No.54157468]

>>54157090
Yes
It's also the reason why I can't afford to live in Florida anymore, all the California and NY retards have invaded, bought all the property on these shit loans and then VRBO/airbnb rent them so there is no fucking supply.

Housing bubble will pop but it's going to take another 1-3 years that I really don't have. I can't barely survive as is with the cost of living increases

[Anonymous No.54157499]

>>54152931
Don't you already need to be somewhat wealthy to get into real estate flipping? Most people can't even afford a house to live in let alone a seperate one to flip and sell.

[Anonymous No.54157507]

>>54152931
because its gross

[Anonymous No.54157530]

because i don't want to be holding the bag with 90% of my networth

[Anonymous No.54157580]

>>54152931
>HEY, THERE'S A BUBBLE.

[Anonymous No.54157585]

>>54157270
>they call the police and the police hang up the phone when they find out they're black cause they can't afford another george floyd protest

[Anonymous No.54157593]

>>54157499
loan rehypothecation

[Anonymous No.54157622]

>>54157113
>>54156996
Why even spend a molecule of glucose thinking about those people after you made it? That's part of making it.

[Anonymous No.54157628]

>why not prey like a vulture on your declining civilization thus hastening its collapse
i dunno maybe because i'm not a monster

[Anonymous No.54157725]

>>54157628
its a doggy dog world, anon

[Anonymous No.54157749]

>>54152931
>Atlanta
one of the most overvalued markets right now. will crash hard.

[Anonymous No.54157985]

>>54152931

Niggers back to Africa, Jews back in the ovens, that's all, bye

[Anonymous No.54158111]

>>54152931
Why don't richer Americans hire architects to design their mansions? This is an eyesore.

[Anonymous No.54158896]

>>54157468
Fuck. Same in Texas right now. Really if housing dips enough new short term rental “business” properties will undercut all these current “business” properties and they won’t be able to pay. This will flood the market further and drop prices even more. Comfy times ahead.

[Anonymous No.54158931]

>>54158111
Good thing they didn't show the (at minimum) double garage attached to the right side of the house

[Anonymous No.54161282]

>>54157113
lol, case in point.

[Anonymous No.54161347]

>>54157040
>>54157090

My insta search feed is trained from me rage clicking on mortgage brokers and financial scam bullshit and bad finance decisions. And I'm seeing a total slew of people trying to game becoming a company and getting types of business loans and then flipping it to buying levered assets

[Anonymous No.54161348]

>>54156752

[Anonymous No.54161388]

>>54152931
>Nigger
>Says "mansions" instead of homes
He's not the one to be taking advice from.
Just watch Nick Rochefort.
>>54152990
Cropped the likes too.

[Anonymous No.54161427]

>>54152931
Because I live in a place where property is so scarce that the difference between a "in need of modernisation" house and a newly renovated one is about £20,000. Worth it if you're selling a house you own, not worth the fees and risks involved with flipping.

[Anonymous No.54161429]

>>54157082
It has, he's looking for bagholders.

[Anonymous No.54161694]

>>54158896
>>54161347
this is why I'm convinced Powell will continue to hike, even go full Volker if necessary

when they say they want unemployment they're referring to these retards riding on the last few crumbs of ZIRP

i will continue to eat ramen and survive just because I want to see these people lose their Range Rovers and $750k McMansions

[Anonymous No.54161696]

>>54161429
>Sir, I'm not sure that I would put it that way, but let me clarify. Using your analogy, what this model shows is the music, so to speak -- just slowing. If the music were to stop, as you put it, then this model wouldn't be even close to that scenario. It would be considerably worse.

[Anonymous No.54161760]

>>54161347
>>54161694
Also adding on you have brokers making tiktok esque videos attempting to sell people on false $0 down mortgages

[Anonymous No.54161844]

>>54153710
>What's the thought process behind that?
Nothing only poor people do that shit. Its faux pas to flaunt your money it means you didn't earn it/come from a poor family. Its also fucking cringe WOW all that money and you just buy stupid shit and do stupid shit with it. How many people to you employ? What are you're earnings every year. How much do you have invested for 5,10,20 and 35 year growth portfolios. Whats your life goal and what is that one thing you really want but can't yet get. Oh whats that yolo money just keeps coming you have no idea about the future. Ah welfare person enjoy getting fucked with taxes and for money laundering plus burning everything in under 5 years only to be salty for the rest of your life for fucking up.
Its such a repulsive niggerish thing to do, people wont want to be around you/work with you if you're acting like that. That is unless they're leeches. I hate how social media is enabling/promoting this life style to children/teens. Don't work hard don't set goals just be a selfish jogger its the "American way"

[Anonymous No.54162234]

>>54156569
Check this out. 1/3

[Anonymous No.54162253]

>>54162234
2/3

[Anonymous No.54162267]

>>54162253
3/3

[Anonymous No.54162297]

>>54162234
>>54162253
>>54162267
intredasting

[Anonymous No.54163278]

>1pbtid