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Updated over 8 years ago on . Most recent reply

User Stats

34
Posts
11
Votes
Ross McKenzie
  • Real Estate Investor
  • Vancouver Island - Salt Spring Island, BC
11
Votes |
34
Posts

Profit, Ethics & Capitalism

Ross McKenzie
  • Real Estate Investor
  • Vancouver Island - Salt Spring Island, BC
Posted

Good Day All. It seems to me that so many BP or successful REI stories are about scoring properties at a steal, and following up with potential sellers with umpteem phone calls to convince them into selling their home to you at far far below market value. I had a girlfriend many decades ago who's mantra was "buyer beware" - meaning of course that "all is fair in love or war or business. And so, as a newbie, it really bothers me to hear an REI with a success story saying "Woohoo! I just scored a property at 58% of its market value", when they're also could be saying "I just swindled a nice old lady out of her life savings for a down payment on my new Lexus". No comment really necessary. My intent is on Win-Win deals, wherein I split the profit, not maximize my own. I expect that I'm not the only one out there. For the others, yo must know that the old energy of Capitalism as extortion is dead, and life & business will cease to be profitable & pleasurable for any anyone with this mindset. Regards. Ross

Most Popular Reply

User Stats

34
Posts
11
Votes
Ross McKenzie
  • Real Estate Investor
  • Vancouver Island - Salt Spring Island, BC
11
Votes |
34
Posts
Ross McKenzie
  • Real Estate Investor
  • Vancouver Island - Salt Spring Island, BC
Replied

Interesting.  Thank you all for your participation.  I see that there are at least a few people who have considered the question, and understand the value of integrity in modern business.  Sorry for having seemingly offended so many Capitalists in the asking of the question.  At the end of the day, "(s)he who lives by the sword, dies by the sword",  or "we reap what we sow". Regards, Ross.

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