ImageImageImageImageImage

Political Roundtable Part XXIII

Moderators: LyricalRico, nate33, montestewart

stilldropin20
RealGM
Posts: 11,370
And1: 1,233
Joined: Jul 31, 2002
 

Re: Political Roundtable Part XXIII 

Post#381 » by stilldropin20 » Wed Oct 24, 2018 9:06 am

pancakes3 wrote:- consistent employment's not a guideline, it's a requirement. an 18 year old isn't filing taxes.
- nobody is going to take a $1200 voucher to go live in a sh*tbox apartment. they'll go live in an apt that's worth $1200, especially if you're going to nickel and dime people for laundry or parking.
- you can't get a second FHA loan by just claiming that you've moved to the second rental property and that's your new residence.
- you're being very cavalier about "income at 125k-150k annually." yes the money is coming in, but most of that money is going straight to the bank in making those loan payments.

but bickering aside, the larger point is that yeah, maybe your plan could work but chances are it won't. for your investment plan to work, it requires a very specific confluence of circumstances to align, and the margin for failure is immense. in the context of decision trees, your blueprint is severely path dependent, and even a "successful" result still plays out in a fairly lousy scenario.

and really, my biggest beef with you is mostly that you put out bad advice/takes and treat it as if it's immutable gospel. it's just a sh*tty way to communicate. differing minds can have rational discussions. i felt like indu and i had a decent discussion upthread whereas this is pulling teeth (pun intended). not only are your ideas are poorly thought out, you take way too many words to convey your poorly thought out ideas, and you cannot see the value in the words of others.

so why are you here? what do you hope to accomplish? this can be a fun forum (pun intended) to shoot the sh*t but you make it a horrifically torturous exercise.

and to be clear, i'm responding out of a feeling of social responsibility that in the event that some kid out there actually drinks your kool aid has an opportunity to hear from the other side and make an informed decision with his life.

like, if we push your logic to the absurdist extreme, everyone would follow your advice and become uber-driving slumlords. there would be no doctors, lawyers, engineers, teachers, artists, economists, etc. because any endeavor or training towards those ends are a sucker's game. it just cannot be the answer. like, i'm sorry you're harboring some sort of resentment to people (which includes your brother) who are living their lives differently than how you live it, but the manner in which you carry it is just sad.


bro, you mad cuz indu and i have a similar investment game? :lol: :lol: This is worse than when ruzious got mad just because monte and i busted a few lines and rhymes of mine. :lol: :lol:


"slumlords" :lol: :lol: :lol: only one tenant would call me that and that is because i want his ass to move!!! :lol: no but seriously...he really is a racist and is giving my other minority tenants a hard time. I'm scared to kick him to the curb completely because he is an attorney and used to work for the city of chicago.

but seriously, take a chill pill. the investment part really is this easy. it really is. But...kinda like an uber driver, buying the right car and driving at the right time of day and in the right neighborhood, picking the right mechanic, etc...the real estate investor must buy the right house for the right price, get second and third opinions on repairs as they arise, and not bite off more than they can chew.

this strategy works because rate are still historically low and have mitigated most of the risk. It also works right now because our credit markets are wide open and been wide open for the past 2 years. rates will rise and credit will dry up. So Now is the time to take advantage of it.

As for section 8 voucher...i was not even advocating for Sec 8 in my example above. that was a rent to hipsters example. They pay! and they dont complain. They think water stains are "cool." :lol: :lol: but it is very common in chicago to have washer dryer in basement that runs on quarters. :lol: sorry if that is offensive. And it is very common here to charge additional $150-$250 per garage space.

In terms of "rat hole" slum lording...i dont recommend that at all. The best way to do it is to buy a building like the one I outline in last post. Good shape, everything works. (FHA guidelines BTW) or you must purchase with a 203K loan and the bank forces you to make repairs with inspections).

no but seriously, im just trying to help and understand liberal better. The thread is filled with liberals and i'm just trying to figure out why? Because if any of you ever put in decades of 80-100 hour work weeks like Indu and i to build wealth, the last thing you would want is 30-40% of that going to the jack ass down the street who cant be bothered to get off of his couch and has 4 kids. So im just trying to understand it all better. And i think I may be coming around a but as to understanding this whole "liberalism" thing more through this discussion on wealth building.

But This really really really really is sound investment advice...and any kid that listens to me and takes my advice is going to be light years ahead of his cohorts.

The best thing anyone can do is buy rental income real estate....and if you can get some mixed use stuff in cities near gentrifying areas...do it...especially if the building had/has a bar or coin laundry/dry cleaners. I bought a place 10 years ago with a failing 60 year old bar in it. Ended up buying the business too and had fun owning a bar for 5 years. I rehabbed the entire building/bar/and 5 rental units to the 9's. Revenue for the bar skyrocketed. I Sold it for a massive profit just because the new buyer wanted to own a bar and didn't want to do the work. It was the income from the bar that justified the appraisal. So sometimes you get really lucky and catch a little lightening in a bottle...sometime you make your luck...but that bar and building was little lotto ticket. Other times you just chug along at 10% cap rates (and 4% appreciation). Which is still better than 3% returns on some corny index. Which is better than a 1.5% cod. Which is better than .3% rate in a savings account.

if you dont invest in our markets you wont have anything.

and no....most of the money is not going to the bank.

A typical 400K mortgage is $2000 per month at 4.5%.
It pays down the debt by $500 and $1500 goes to the bank in year 1.
In year 15, 1200 pays down the debt and 800 goes to the bank.
In year 29 about 1850 pays down the debt and 150 goes to the bank.

and typical 400K building in chicago will yield about $4000 per month in rental income.

its just math...you dont get hurt on the math. and that "math" is solely based on the rental income...now do the math on the appreciation!! what is 4% appreciation on 400K over 30 years?????? :o :o

--You get hurt on the tenant that doesn't pay rent and wont leave. And you dont know how to evict, yet.
--you get hurt on the tenant that doesn't tell you about the leak under the bathroom sink and the cabinent, floor, and joists rot and mold.
---you get hurt on the finished basement that floods and your insurance doesn't cover backed up sewers.
--you get hurt on the grease fire that causes 1500 in damage...not enough to claim on insurance.
---you get hurt on city of chicago inspecting and nickle and diming you on bull crap.
--you get hurt when the boiler goes bad.
--you get hurt when someone breaks in and break in your walls and steals your pipes.


Those are the kinds of things that derail you...that is why you must keep working 60-80 hours per week in case these things come up. Again...save your money!!!! get your building in order. get the right tenants. When everything is square...buy the 2nd building so forth and so on.

Hire a real estate attorney to do your closings...a guy practiced all things like evictions. Build relationships. Get people to like you. Your attorney. Your realtor. your tenants. your contractors. They should all be friends. Pay them well. do your diligence and they will do right by you.

Hire pros not joes. Joes will ruin your material, waste your time, and frustrate you, and steal from you. Just pay the going rate for the pros. shop around. Find a handy man...let him live in a basement unit rent free...send him out everyday to spruce things up. Spruce them up yourself.

but its funny you called me a slum lord. My units are in 100% working order with fresh paint by professionals. some are high end...some middle of the road but nothing is crappy.

look...you kill it in the real estate market because interest rates are low and you win 2 ways...rental income and appreciation. You keep glossing over the appeciation part. You must not understand it. Do some research on it and get baxck to me. So long as the cost of labor and material to build keeps skyrocketing, your real estate will keep skyrocketing...add to that the value of the land...and its just a matter of buying as close to the highest desired urban areas as possible with affordable taxes and lowest purchase points.

it really is this simple.
like i said, its a full rebuild.
verbal8
General Manager
Posts: 8,359
And1: 1,381
Joined: Jul 20, 2006
Location: Herndon, VA
     

Re: Political Roundtable Part XXIII 

Post#382 » by verbal8 » Wed Oct 24, 2018 11:11 am

nate33 wrote:
closg00 wrote:The Trump era has lead to open White Supremacist support within the Republican ranks
Read on Twitter


Person who promotes the equality of blacks = Black advocate
Person who promotes the equality of Hispanics = Hispanic advocate
Person who promotes the equality of Jews = Jewish advocate
Person who promotes the superiority of whites = White Supremacist


Fixed it for you. I think you can find groups of the minorities that go to the point of supremacy, but they really are on the extreme fringes.

When I see the alt-Right pushing for better health care and education in Appalachia, it would make me reconsider my stance. The focus of the white groups is on lowering the standing of other groups not on improving things for anyone.
verbal8
General Manager
Posts: 8,359
And1: 1,381
Joined: Jul 20, 2006
Location: Herndon, VA
     

Re: Political Roundtable Part XXIII 

Post#383 » by verbal8 » Wed Oct 24, 2018 11:15 am

TGW wrote:Trump's approval rating is 47%. The Dumbocrats still continue to lose the messaging war against one of the worse presidents in modern day history. Pathetic.


What would you advocate to use against Trump?

He and the GOP are lying about pre-existing conditions because the Democrats message of Health Care as a priority is working.

The Democratic message of tax fairness is why Trump had to invent the middle class tax cut lie.
verbal8
General Manager
Posts: 8,359
And1: 1,381
Joined: Jul 20, 2006
Location: Herndon, VA
     

Re: Political Roundtable Part XXIII 

Post#384 » by verbal8 » Wed Oct 24, 2018 11:36 am

538 did a chat where they built scenarios for the extreme outcomes:
https://fivethirtyeight.com/features/were-back-from-the-future-which-of-these-wildly-different-midterm-outcomes-would-you-believe/

One interesting thing is it seems the difference is a matter if the candidate fundraising advantage for the Democrats is an indicator or not.

I can see both sides of this. It probably doesn't matter much in terms of actual ads because the GOP dark money tends to tip the balance. Or on the Democrats upside, it could be a measurable indicator of a significant enthusiasm gap.
queridiculo
RealGM
Posts: 18,042
And1: 9,458
Joined: Mar 29, 2005
Location: So long Wizturdz.
   

Re: Political Roundtable Part XXIII 

Post#385 » by queridiculo » Wed Oct 24, 2018 12:06 pm

Induveca wrote:Even the Uber suggestion is solid, you should always turn your free time into more cash at that age. Buy a decent *USED* black SUV and get to work in your free time. Put your properties on AirBNB, Homeaway etc as well.


The Uber suggestion is terrible.

There are plenty of jobs you can take that pay equal or more that don't require cash layout on a depreciating asset as a pre-requisite for making money.

If you can't do the math to realize what a terrible return you get from the time invested in being an Uber driver, chances are you're not going to manage to do anything worthwhile with the earnings from it either.
queridiculo
RealGM
Posts: 18,042
And1: 9,458
Joined: Mar 29, 2005
Location: So long Wizturdz.
   

Re: Political Roundtable Part XXIII 

Post#386 » by queridiculo » Wed Oct 24, 2018 12:22 pm

stilldropin20 wrote:
no but seriously, im just trying to help and understand liberal better. The thread is filled with liberals and i'm just trying to figure out why? Because if any of you ever put in decades of 80-100 hour work weeks like Indu and i to build wealth, the last thing you would want is 30-40% of that going to the jack ass down the street who cant be bothered to get off of his couch and has 4 kids. So im just trying to understand it all better. And i think I may be coming around a but as to understanding this whole "liberalism" thing more through this discussion on wealth building.


You'll probably never manage to understand the people you label is liberals because you lack the empathy to think of anything other than your own well being. It seems to me like you have a real deficit in recognizing the value of altruism.

In your binary world view there's no room for anything that interferes with the profit motive. You think that financial wealth is the end all be all and anybody that doesn't adhere to that view is a leech that doesn't contribute anything to the world as you understand it.

You're making generalizations about "liberals" in this thread that are so small minded and dumb that it's no wonder that you're consistently being mocked.
User avatar
nate33
Forum Mod - Wizards
Forum Mod - Wizards
Posts: 73,501
And1: 26,009
Joined: Oct 28, 2002

Re: Political Roundtable Part XXIII 

Post#387 » by nate33 » Wed Oct 24, 2018 12:31 pm

verbal8 wrote:
nate33 wrote:
closg00 wrote:The Trump era has lead to open White Supremacist support within the Republican ranks
Read on Twitter


Person who promotes the equality of blacks = Black advocate
Person who promotes the equality of Hispanics = Hispanic advocate
Person who promotes the equality of Jews = Jewish advocate
Person who promotes the superiority of whites = White Supremacist


Fixed it for you. I think you can find groups of the minorities that go to the point of supremacy, but they really are on the extreme fringes.

When I see the alt-Right pushing for better health care and education in Appalachia, it would make me reconsider my stance. The focus of the white groups is on lowering the standing of other groups not on improving things for anyone.

That's bull.

The Alt-Right certainly does care for the needs of Appalachia, on the opioid epidemic for example. They don't "push for better health care" by your definition because your definition of better health care always involves bigger and more oppressive government, which is something that the "Right" part of "Alt-Right" would oppose.

I'm just curious. Can anybody point to a statement where Faith Goldy has somehow stated or implied that whites are "superior" to other races?
User avatar
Induveca
Head Coach
Posts: 7,379
And1: 724
Joined: Dec 02, 2004
   

Re: Political Roundtable Part XXIII 

Post#388 » by Induveca » Wed Oct 24, 2018 3:39 pm

queridiculo wrote:
Induveca wrote:Even the Uber suggestion is solid, you should always turn your free time into more cash at that age. Buy a decent *USED* black SUV and get to work in your free time. Put your properties on AirBNB, Homeaway etc as well.


The Uber suggestion is terrible.

There are plenty of jobs you can take that pay equal or more that don't require cash layout on a depreciating asset as a pre-requisite for making money.

If you can't do the math to realize what a terrible return you get from the time invested in being an Uber driver, chances are you're not going to manage to do anything worthwhile with the earnings from it either.


I advocated it as a side gig for people who want to bring in more cash, not a main job. Instead of drinking/partying at 23 after your day job it’s a good way to make extra cash.

Most people have cars, I’d merely suggest they trade in their existing vehicle for a used SUV so their car isn’t only transport to their main office but another office.

My only major point is work 2-3 jobs and as many contract jobs you can in your 20s. There should be no weekends at that age, as grueling as the lifestyle may sound to some? The money you save/invest at that age gives you exponentially more options vs your peers. And I had a blast.

(Admittedly Uber did not exist at my age, but tons of online equivalents did. Automated eBay arbitrage, how I miss thee.)
Wizardspride
RealGM
Posts: 18,233
And1: 12,208
Joined: Nov 05, 2004
Location: Olney, MD/Kailua/Kaneohe, HI
       

Re: Political Roundtable Part XXIII 

Post#389 » by Wizardspride » Wed Oct 24, 2018 3:55 pm

Read on Twitter
?s=19

Read on Twitter
?s=19



Read on Twitter
?s=19


Read on Twitter
?s=19

President Donald Trump referred to African countries, Haiti and El Salvador as "shithole" nations during a meeting Thursday and asked why the U.S. can't have more immigrants from Norway.
dckingsfan
RealGM
Posts: 37,762
And1: 22,380
Joined: May 28, 2010

Re: Political Roundtable Part XXIII 

Post#390 » by dckingsfan » Wed Oct 24, 2018 4:07 pm

Induveca wrote:
dckingsfan wrote:
gtn130 wrote:SD20: You can make $50k+ annually by driving Uber and not reporting your taxes.

me: Uber drivers make minimum wage, and Uber reports your earning to the IRS, so you can't evade taxes

SD20: Yes, but those tax write offs!

Ok dude.

Buzzfeed's analysis on uber, projected yearly driver salary of $34,164.


It fully depends on location, and it’s highly highly variable. The guy with a black car vs UberX who focuses on concerts/events/weekends and actually plans can make quite a bit.

In NYC top Uber earners are in the 80k area. Like anything else strategy is key. A generic sum avg isn’t very helpful. You’re mixing the clueless vs drivers with a strategy.

The “average” salary of a national survey of real estate agents isnt very helpful either.

80K in Manhattan is a losing strategy, no? And your point earlier was that you needed 100K, right? In most cases, Uber needs to be your side job if you are going to make a decent living.
stilldropin20
RealGM
Posts: 11,370
And1: 1,233
Joined: Jul 31, 2002
 

Re: Political Roundtable Part XXIII 

Post#391 » by stilldropin20 » Wed Oct 24, 2018 4:22 pm

queridiculo wrote:
stilldropin20 wrote:
no but seriously, im just trying to help and understand liberal better. The thread is filled with liberals and i'm just trying to figure out why? Because if any of you ever put in decades of 80-100 hour work weeks like Indu and i to build wealth, the last thing you would want is 30-40% of that going to the jack ass down the street who cant be bothered to get off of his couch and has 4 kids. So im just trying to understand it all better. And i think I may be coming around a but as to understanding this whole "liberalism" thing more through this discussion on wealth building.


You'll probably never manage to understand the people you label is liberals because you lack the empathy to think of anything other than your own well being. It seems to me like you have a real deficit in recognizing the value of altruism.

In your binary world view there's no room for anything that interferes with the profit motive. You think that financial wealth is the end all be all and anybody that doesn't adhere to that view is a leech that doesn't contribute anything to the world as you understand it.

You're making generalizations about "liberals" in this thread that are so small minded and dumb that it's no wonder that you're consistently being mocked.


"altruism, empathy, contributions to the world, understanding people, value, recognition, well being." <-- :lol: :lol:

I teach you how to build wealth in real estate...lay out for you the hardest part...which is the beginning of wealth building...and you somehow think you are more altruistic than me? understand people better? because I know how to make money? And see financial security as nothing more than a basic necessity?

Do you know how much better someone like Indu or myself understand people than you do so as to recognize their needs and provide services for them? Have you any clue the mountains of empathy, value,, recognition we must possess in order to succeed at this? Have you any clue how much more we contribute to the world by buying up parcels of real estate and fixing them up and leaving an actual footprint on a neighborhood? Not to mention all the tenants we have helped.

I'm going to tell you a story about a young woman named tajuana. She is 47 today but had a child at 14 and ended up responding to an add i placed in a newspaper for an apartment for rent when i was 22 and she was 23. She asked me if i rented to section 8. I said no, because i had no idea what to do and how to qualify my building back then...it was my 2nd building. I was still fixing it up on my scarce budget. but it happened to be a 1/2 block away from where tajuana's daughter was in grade school. Tajuana wanted to live in my building because her daughter could walk to school and tajuana could jump on the train (also a block away) and go to city college. So she called the city of chicago for me and got inspectors out, shmoozed them, and eventually got my building approved. Because she took the initiative and she needed to move ASAP I allowed tajuana to move prior to the HUD approval...with her daughter. Huge risk but because there was an abusive ex, i took on tajuana. No lease. No rent. No security deposit. Just her word that she would see the approval process through. It took 5 months to get approved and HUD didn't pay me back for the prior 5 months that tajuana lived there. During those 5 months, tajuana made 3 meals per day for my contractors and I as well as cleaned up the building and decorated her unit very nice and helped us paint and did all kinds of things to make the building very beautiful. I was working 50 hours per week elsewhere just to fund this building and i was still in undergrad so i was literally exhausted. She locked up the tools and building at night, organized the material, kept an eye on things, and lived for free. At the time i thought Tajuana was getting ahead...but it felt right.

Tajuana and I invested in each other and in that building.

Tajuana stayed in that building for almost 12 years. In that time she got her real estate license, managed my properties and as i went down to dental school she went to work for a local dentist. she was off of public aid a couple of years after she initially moved in and paid her rent. Always on time. At first money was very tight for her. I think she was making something like $8 per hour in the late 90's. No child support as the ex split.


I finished dental school when i was 30 and opened my own practice when i was 31 on the strength of Tajuana's 7 years as a dental assistant and an assistant office manager. I had no idea how to run a dental practice. I hired tajuana as my office manager almost 12 years later to the day that she answered an add for an apartment for rent. Imagine that!! Really...take a second and imagine that. Today...She now makes over $75K per year as my manager of 3 dental practices and she has enough time on her hands to sell real estate on the side. She has owned her own home for the past 15 years and also owns 2 rental income buildings. One of those rental income buildings she now owns is the one she moved into almost 27 years ago when she answered my add in the local paper.

now do you really think you understand people better than me? Do you really think you are doing more "right by the world" more than a guy like me? Do you really think you are contributing more? Do you have anyone in your life that is not family and would take a bullet for you? Or give you or your child a kidney or part of their liver? Cuz I do. And I would take a bullet for tajuana and quite honestly, i have a couple handful of tajuana's in my life.

You dont get to where I am in life without understanding people and being good to them.
like i said, its a full rebuild.
Wizardspride
RealGM
Posts: 18,233
And1: 12,208
Joined: Nov 05, 2004
Location: Olney, MD/Kailua/Kaneohe, HI
       

Re: Political Roundtable Part XXIII 

Post#392 » by Wizardspride » Wed Oct 24, 2018 4:47 pm

Read on Twitter
?s=19


Read on Twitter
?s=19

President Donald Trump referred to African countries, Haiti and El Salvador as "shithole" nations during a meeting Thursday and asked why the U.S. can't have more immigrants from Norway.
stilldropin20
RealGM
Posts: 11,370
And1: 1,233
Joined: Jul 31, 2002
 

Re: Political Roundtable Part XXIII 

Post#393 » by stilldropin20 » Wed Oct 24, 2018 5:06 pm

queridiculo wrote:
Induveca wrote:Even the Uber suggestion is solid, you should always turn your free time into more cash at that age. Buy a decent *USED* black SUV and get to work in your free time. Put your properties on AirBNB, Homeaway etc as well.


The Uber suggestion is terrible.

There are plenty of jobs you can take that pay equal or more that don't require cash layout on a depreciating asset as a pre-requisite for making money.

If you can't do the math to realize what a terrible return you get from the time invested in being an Uber driver, chances are you're not going to manage to do anything worthwhile with the earnings from it either.


If GTN, builds websites why is is driving uber such a bad idea? Why not get a tall SUV...put a big vinyl sign on it and drive around NYC all day long? Or washington DC? Or philly?

make money driving while marketing your small business.

if you do a good job on the add, nearly all of your riders will ask you about it. if you dress up professional, have a clean car, and speak well, they will like you, and use you if you provide a good service for the fair price.

Look guys...Indu and I are trying to teach you that success is simply a numbers game. Its not about having the perfect product or the perfect pitch. Its simply about trips to the plate...if you make enough trips to the plate and take enough swings eventually you will connect. Once you connect a few times you will learn how to connect more efficiently.

Along the way you will learn a lot about yourself and have a blast discovering yourself. And likely make some money.

Here...let me let you guys in on another marketing little secret. I own quite a lot of real estate. Some of my rental income building are on busy thoroughfares. They are constantly for sale and have a sign out front...they've been on the MLS on and off for 7 years. Its just marketing...I use those signs to drum up business...I get about 200-250 calls per month from these signs. 99% of those calls are a waste of time. 1-3 per month I convert to active clients. and 1/3 of those new clients buy something using me as their realtor. So about 5 deals per year. My average sales price is $724K. My annual commission on just these 5 deals off of my sign on my own building is about $90,000.

^^^^I would never get those deals without the sign on the building i own. I couldn't put the sign on the building is i didn't buy the building. marketing works. You just gotta have a plan. You gotta start somewhere. I get secondary and even tertiary referrals from those clients. It works. it works. It works.

So driving an uber around town with a big sign on your uber is far from a bad idea. You just gotta have a product, a plan, and market that product.

Since I know people better than you guys, let me share a secret about people...as much as people (hate on) "hustlers" they always end up using the hustler. Every single time. So some uber driver out there hustling for him or herself with a big sign on the car is going to garner some traction.
like i said, its a full rebuild.
User avatar
pancakes3
General Manager
Posts: 9,640
And1: 3,093
Joined: Jul 27, 2003
Location: Virginia
Contact:

Re: Political Roundtable Part XXIII 

Post#394 » by pancakes3 » Wed Oct 24, 2018 5:31 pm

dude, nobody cares.
Bullets -> Wizards
queridiculo
RealGM
Posts: 18,042
And1: 9,458
Joined: Mar 29, 2005
Location: So long Wizturdz.
   

Re: Political Roundtable Part XXIII 

Post#395 » by queridiculo » Wed Oct 24, 2018 5:43 pm

stilldropin20 wrote:
"altruism, empathy, contributions to the world, understanding people, value, recognition, well being." <-- :lol: :lol:

I teach you how to build wealth in real estate...lay out for you the hardest part...which is the beginning of wealth building...and you somehow think you are more altruistic than me? understand people better? because I know how to make money? And see financial security as nothing more than a basic necessity?

Do you know how much better someone like Indu or myself understand people than you do so as to recognize their needs and provide services for them? Have you any clue the mountains of empathy, value,, recognition we must possess in order to succeed at this? Have you any clue how much more we contribute to the world by buying up parcels of real estate and fixing them up and leaving an actual footprint on a neighborhood? Not to mention all the tenants we have helped.

I'm going to tell you a story about a young woman named tajuana. She is 47 today but had a child at 14 and ended up responding to an add i placed in a newspaper for an apartment for rent when i was 22 and she was 23. She asked me if i rented to section 8. I said no, because i had no idea what to do and how to qualify my building back then...it was my 2nd building. I was still fixing it up on my scarce budget. but it happened to be a 1/2 block away from where tajuana's daughter was in grade school. Tajuana wanted to live in my building because her daughter could walk to school and tajuana could jump on the train (also a block away) and go to city college. So she called the city of chicago for me and got inspectors out, shmoozed them, and eventually got my building approved. Because she took the initiative and she needed to move ASAP I allowed tajuana to move prior to the HUD approval...with her daughter. Huge risk but because there was an abusive ex, i took on tajuana. No lease. No rent. No security deposit. Just her word that she would see the approval process through. It took 5 months to get approved and HUD didn't pay me back for the prior 5 months that tajuana lived there. During those 5 months, tajuana made 3 meals per day for my contractors and I as well as cleaned up the building and decorated her unit very nice and helped us paint and did all kinds of things to make the building very beautiful. I was working 50 hours per week elsewhere just to fund this building and i was still in undergrad so i was literally exhausted. She locked up the tools and building at night, organized the material, kept an eye on things, and lived for free. At the time i thought Tajuana was getting ahead...but it felt right.

Tajuana and I invested in each other and in that building.

Tajuana stayed in that building for almost 12 years. In that time she got her real estate license, managed my properties and as i went down to dental school she went to work for a local dentist. she was off of public aid a couple of years after she initially moved in and paid her rent. Always on time. At first money was very tight for her. I think she was making something like $8 per hour in the late 90's. No child support as the ex split.


I finished dental school when i was 30 and opened my own practice when i was 31 on the strength of Tajuana's 7 years as a dental assistant and an assistant office manager. I had no idea how to run a dental practice. I hired tajuana as my office manager almost 12 years later to the day that she answered an add for an apartment for rent. Imagine that!! Really...take a second and imagine that. Today...She now makes over $75K per year as my manager of 3 dental practices and she has enough time on her hands to sell real estate on the side. She has owned her own home for the past 15 years and also owns 2 rental income buildings. One of those rental income buildings she now owns is the one she moved into almost 27 years ago when she answered my add in the local paper.

now do you really think you understand people better than me? Do you really think you are doing more "right by the world" more than a guy like me? Do you really think you are contributing more? Do you have anyone in your life that is not family and would take a bullet for you? Or give you or your child a kidney or part of their liver? Cuz I do. And I would take a bullet for tajuana and quite honestly, i have a couple handful of tajuana's in my life.

You dont get to where I am in life without understanding people and being good to them.


This might come as a shock to you, but altruism has absolutely **** all to do with your anecdote.
dckingsfan
RealGM
Posts: 37,762
And1: 22,380
Joined: May 28, 2010

Re: Political Roundtable Part XXIII 

Post#396 » by dckingsfan » Wed Oct 24, 2018 5:45 pm

Induveca wrote:
queridiculo wrote:
Induveca wrote:Even the Uber suggestion is solid, you should always turn your free time into more cash at that age. Buy a decent *USED* black SUV and get to work in your free time. Put your properties on AirBNB, Homeaway etc as well.


The Uber suggestion is terrible.

There are plenty of jobs you can take that pay equal or more that don't require cash layout on a depreciating asset as a pre-requisite for making money.

If you can't do the math to realize what a terrible return you get from the time invested in being an Uber driver, chances are you're not going to manage to do anything worthwhile with the earnings from it either.


I advocated it as a side gig for people who want to bring in more cash, not a main job. Instead of drinking/partying at 23 after your day job it’s a good way to make extra cash.

Most people have cars, I’d merely suggest they trade in their existing vehicle for a used SUV so their car isn’t only transport to their main office but another office.

My only major point is work 2-3 jobs and as many contract jobs you can in your 20s. There should be no weekends at that age, as grueling as the lifestyle may sound to some? The money you save/invest at that age gives you exponentially more options vs your peers. And I had a blast.

(Admittedly Uber did not exist at my age, but tons of online equivalents did. Automated eBay arbitrage, how I miss thee.)

So, definitely don't have kids at that age. Abortion seems reasonable?
dckingsfan
RealGM
Posts: 37,762
And1: 22,380
Joined: May 28, 2010

Re: Political Roundtable Part XXIII 

Post#397 » by dckingsfan » Wed Oct 24, 2018 5:47 pm

Anecdotal information makes a bad basis for policy - always.
daoneandonly
RealGM
Posts: 16,678
And1: 4,383
Joined: May 27, 2004
Location: Masalaland
   

Re: Political Roundtable Part XXIII 

Post#398 » by daoneandonly » Wed Oct 24, 2018 6:07 pm

queridiculo wrote:
stilldropin20 wrote:
no but seriously, im just trying to help and understand liberal better. The thread is filled with liberals and i'm just trying to figure out why? Because if any of you ever put in decades of 80-100 hour work weeks like Indu and i to build wealth, the last thing you would want is 30-40% of that going to the jack ass down the street who cant be bothered to get off of his couch and has 4 kids. So im just trying to understand it all better. And i think I may be coming around a but as to understanding this whole "liberalism" thing more through this discussion on wealth building.


You'll probably never manage to understand the people you label is liberals because you lack the empathy to think of anything other than your own well being. It seems to me like you have a real deficit in recognizing the value of altruism.

In your binary world view there's no room for anything that interferes with the profit motive. You think that financial wealth is the end all be all and anybody that doesn't adhere to that view is a leech that doesn't contribute anything to the world as you understand it.

You're making generalizations about "liberals" in this thread that are so small minded and dumb that it's no wonder that you're consistently being mocked.


No. and you keep doing this. The liberal party has shown time and time again that they don't believe in accountability or even actions having consequences when compared to the conservative side. Easy examples, abortions, Obama's clemency power exceeding all others since Truman, certain views on immigration, etc. If SD, Indu, and whoever else bust their backside to make the money they have, why should that go to other people? We don't live in a commune here. There are people in his examples, just like several posts ago I mentioned a guy I went to HS with, so yeah knew his situation as he was just down the street from me, had everything I had, every opportunity afforded to him. What did he do, he spent pretty much every class period at Gaithersburg High school smoking weed at some parking lot or unattended corridor. Back when i used social media (maybe 2015/6), I saw a mutual friend like one of his posts applauding ACA and other Obama measures for helping him out.

No doubt some people who given a raw deal in life and deserve a hand up, but there are several others who made their bed through their own decisions, and no reason for others to have to pay the price for them.
Deuteronomy 30:19 wrote:I call heaven and earth to witness against you today, that I have set before you life and death, blessing and curse. Therefore choose life, that you and your offspring may live
verbal8
General Manager
Posts: 8,359
And1: 1,381
Joined: Jul 20, 2006
Location: Herndon, VA
     

Re: Political Roundtable Part XXIII 

Post#399 » by verbal8 » Wed Oct 24, 2018 6:32 pm

nate33 wrote:I'm just curious. Can anybody point to a statement where Faith Goldy has somehow stated or implied that whites are "superior" to other races?

She is Canadian, who cares what she thinks? I thought it was "America First".
User avatar
nate33
Forum Mod - Wizards
Forum Mod - Wizards
Posts: 73,501
And1: 26,009
Joined: Oct 28, 2002

Re: Political Roundtable Part XXIII 

Post#400 » by nate33 » Wed Oct 24, 2018 7:03 pm

verbal8 wrote:
nate33 wrote:I'm just curious. Can anybody point to a statement where Faith Goldy has somehow stated or implied that whites are "superior" to other races?

She is Canadian, who cares what she thinks? I thought it was "America First".

My original post was a response to the closg00 posted, saying that Faith Goldy was a White Supremacist. I'm asking what makes someone like Faith Goldy a white "supremacist" when others of different races who espoused the same rhetoric would merely be labeled an "advocate" or "identitarian".

Return to Washington Wizards