They are going mask off about how poverty is a feature and not a bug of our system. Without poverty the ability to exploit workers is extremely diminished. Utterly despicable, yet mfs will still defend them…
I think it’s because of the high risk high reward factor of taking on a ton of leverage which is usually needed for RE. That tends to attract people looking for quick big returns without a ton of work, who are arrogant enough to think they’ll succeed where many others fail (and believe me, plenty do fail).
The result is that only the most successful ones survive, and since they were arrogant douchebags to begin with, they think they are extra special.
You don’t have to be a genius to make money in real estate. You need to start with a good sized pile of cash, an understanding of buy low/sell high, and a bit of luck. The culture around you says that if you have a lot of money, that’s because you’re smart and did hard work. Real estate is nothing like that, but it will quickly go to your head.
To get a real estate license in my state, it takes 72 hours of education time plus an exam. It’s not exactly a Ph.D. But assholes who make money at it will behave otherwise.
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Because you have to be an asshole to make a job of commodifying something everyone needs like housing.
They are going mask off about how poverty is a feature and not a bug of our system. Without poverty the ability to exploit workers is extremely diminished. Utterly despicable, yet mfs will still defend them…
It’s more that they see it as a motivator and fail to see how sociopathic that is.
I think it’s because of the high risk high reward factor of taking on a ton of leverage which is usually needed for RE. That tends to attract people looking for quick big returns without a ton of work, who are arrogant enough to think they’ll succeed where many others fail (and believe me, plenty do fail).
The result is that only the most successful ones survive, and since they were arrogant douchebags to begin with, they think they are extra special.
You don’t have to be a genius to make money in real estate. You need to start with a good sized pile of cash, an understanding of buy low/sell high, and a bit of luck. The culture around you says that if you have a lot of money, that’s because you’re smart and did hard work. Real estate is nothing like that, but it will quickly go to your head.
To get a real estate license in my state, it takes 72 hours of education time plus an exam. It’s not exactly a Ph.D. But assholes who make money at it will behave otherwise.