All Forum Posts by: David S.

@Anthony Wick I don’t think that at all, just pointing out the magnitude of that outfit. It would make the market less competitive if they werent buying homes en masse however. What are they paying for these places to build their inventory so quickly? That being the point. It’d be unfortunate if that model became mainstream as it would price a lot of mom and pops out of much of the market. 

For now I suspect you’re right that there’s enough for everybody, but I think people underestimate the ability of the financial world to disrupt markets. 82k units cost them 10 billion, there’s hundreds of billions behind that yet potentially. Will be interesting to see how it all pans out... I’m actually surprised they’ve gotten that far logistically speaking but apparently it’s working for them. 

I think I touched the cow @Jim K.! I prefer to think for myself which makes me hard to classify in our political caste system. I need to toe the line and fit in!! 

Haha, I love how this has warped into “he’s a socialist!”. Long threads always seem to degenerate into something socially/politically polarizing. State of the union I guess.

@Charles M. I took a few well deserved days off! Dangerous 

@Will Karstetter About 60% equity. We’re on the same page for sure. Good luck sir! 

@Valerie K. Not at all, life isn’t fair to begin with and I hate it when people assume it ought to be. With regards to creating wealth equal outcomes are a terrible terrible idea as that breeds entitlement. I do however wish that mankind’s mentality was geared a bit more toward the common good rather than so focused on personal achievement. I cringe when I see a strong emphasis on money and wealth and materialism, epsecially when a person already achieved so much in that department. Life is fleeting and you can’t take any of it with you. 

For that matter why is it that everybody on average still works just as much if not more as we did 40 yrs ago? We’ve achieved so much and yet we have to work just as hard to attain a similar standard as before ( if not harder). We ought to be working four day weeks by now relatively speaking, but the efficiency has only benefitted an extreme income distribution that favors the very top earners. That doesn’t mean I want socialism, I just find this to be a very unfortunate trend for the masses who are working very hard.

@Will Karstetter I certainly agree with the notion of CF over doors as should everybody. My intention is to acquire x number of doors only because i want a simple life without employees and endless go go go. Suspect that number will be around 20-30, but I’ll always be a seller of a property that underperforms the portfolio. I just sold my very first and only rental for this reason; it came with 20 acres of land. Was a great purchase, I had to rent it for some unique tax reasons but now it’ll become two rentals without acreage for roughly the same price. Amazing how many people think I should hold onto it because it’s “cute” or historic. Nothing cute about it when you’re the landlord. I’ll take CF instead please.

I understand these types can be dangerous but we also live in a rather cautious world. Sometimes a man has to step into an unpleasant situation to stand his ground. That’s life. Literally last week I about pulled a gun on a bum who was probably shooting up in the woods on my property... you just have to be prepared for stuff like this cause it’s not getting any better. I live in one of the top five highest income counties in the nation on 35 acres and still stuff like this happens.

@Thomas S. Someone gets it. You call everybody and now you’ve just framed yourself if you do anything. Don’t call everybody and now everything is his word vs mine. But even the squatter would realize they have no chance and so it wouldnt get to that point.

@Larry Turowski @Anthony Dooley I don’t think 6% is much at all frankly, that only supports my thinking! When you only need a small fraction to live a very nice life (speaking of the upper half of “rich”) you’d think those numbers would approach 50%. That’s an average too. For every one who gives a lot there’s another who gives little to nothing in effect. I’m hoping that’s at least pre-tax dollars.