I'm a One-Percenter...and I Support the OWS Movement.

reply to post by marzabeth


So where does the blame belong then? We are all products of our environment, and its not wealth itself you are right about that. It is the illusion of wealth and what it can bring, the subliminal message that wealth brings happiness bombarding us everyday. It shouldn't be the people being blamed but the idea, selfishness is in us all and the idea of wealth in the form of financial gain is like a drug filing its user with power.

Originally posted by JohnnySasaki
I hate to go off topic here, but since you seem to have some knowledge on real estate, how do you think the market looks right now for rental properties? I'm 23, I've got about 100 grand, and everyone seems to think that I'm crazy to want to invest in real estate in the current market. I, however, think it's a great time for rentals beings everyone is losing their jobs/homes.

So what do you think? I was thinking duplexes to start out, but I want to eventually gain enough capital/equity to go into full size apartment buildings. If you do the math on some of these places, they seem to be making a killing.

The only people who think you’re crazy about investing in real estate are the people you shouldn’t be listening to. They don’t know what they’re talking about. I still have people telling me to get out of real estate lol. Now is the time to buy. I’m an active full time real estate investor and have been since 2005. I started with fix & flip of SFH (single family homes) and used the profits from there to buy apartment buildings.

I still do fix & flips and over the past three years I’ve begun to get more involved in fix & flips with apartment buildings. You are correct that many people are renting now. My occupancy rates have never been higher. I’m currently at 90% for all of my buildings.

My advice to you is to network with some local investors in your area and educate yourself before buying anything. Join your local REIA (Real estate investment association) you can find those on google by typing REIA & your city. I do think you should start small with a property between 2 – 8 units so you can get a feel for what it’s like being a landlord. You will also need to learn your state and local land lording laws, so this will help. You will find out quickly if being a landlord is for you. Once you move up to larger buildings you will be able to hire a property manager to deal with any issue that arises.

You need to visit biggerpockets dot com and introduce yourself. It’s full of experienced real estate investors who would be happy to help point you in the right direction. It’s completely free and we welcome new investors. Biggerpockets is a great resource for anyone interested in real estate investing. Also there are NO infomercial “gurus” on there, that crap is not allowed. Stop by and introduce yourself.

I’d like to be able to give you more advice but this site isn’t the appropriate place. Also, if I were you I wouldn’t let it be known I had $100k; there are plenty of con artist on the internet.

I hope the protesters realize that companies will be using data mining from Facebook, Twitter, Photobucket, Foursquare, etc. to rightfully discriminate against these socialist asshats when it comes time for them to go job searching in about 2 or 3 years. I am thinking about writing some scripts to do this and I.M.H.O. many Wall Street and others will pay good money for this service. Facial Recognition from the cloud services will help as well. This is not a Threat. It is what will happen. And I'm going to get rich doing it.

Originally posted by whyamIhere
These protests are small and unorganized.

I could be wrong, but I see them going nowhere.

You're absolutely wrong. NEVER bet against THE AMERICAN PEOPLE!

Originally posted by Dalamar7742
I hope the protesters realize that companies will be using data mining from Facebook, Twitter, Photobucket, Foursquare, etc. to rightfully discriminate against these socialist asshats when it comes time for them to go job searching in about 2 or 3 years. I am thinking about writing some scripts to do this and I.M.H.O. many Wall Street and others will pay good money for this service. Facial Recognition from the cloud services will help as well. This is not a Threat. It is what will happen. And I'm going to get rich doing it.

You're pathetic. Don't call yourself an American, you are nothing that America embodies. Call yourself a Globalist because you have no country.

Originally posted by Dalamar7742
I hope the protesters realize that companies will be using data mining from Facebook, Twitter, Photobucket, Foursquare, etc. to rightfully discriminate against these socialist asshats when it comes time for them to go job searching in about 2 or 3 years. I am thinking about writing some scripts to do this and I.M.H.O. many Wall Street and others will pay good money for this service. Facial Recognition from the cloud services will help as well. This is not a Threat. It is what will happen. And I'm going to get rich doing it.

poor human being .... go to hell maybe ok ???
there is your place .... greed and deceiving people ... you have children ? I do NOT think so ...
but we want another world ok ?
nice to meet you, but go your own way, yours without solidarity left .... we fight for something else .... pitty ... your choice ! bye bye !!
www.youtube.com...

I'm just saying: If I'm a company looking to hire someone and I can determine if you were being Stupid on 10-15-2011 or there abouts I'm not going to hire you. I'm thinking that you are a give me everything for free kind of person who signed up for student loans at a 20K a year school to take, I don't know say, political science, liberal arts, Psychology, or some other useless area of studies and *GASP* Can't make 200K a year doing this nothing. And now you want someone else to pay off your loans. Instead of putting your life together and getting to work you decided to loaf around making a park stink and being incoherent because you are still living off Mom and Dads work and Student Loans. You will be hunted down to pay those loans because you are a loser who won't make the payments you promised to pay. So why would I hire you? You think I'm Evil because I have more capital than you, but I'm the one who WORKED hard to have that capital which allows me to hire you. Get off your ass and do some work and you can be one of the EVIL RICH too.

Originally posted by Dalamar7742
I'm just saying: If I'm a company looking to hire someone and I can determine if you were being Stupid on 10-15-2011 or there abouts I'm not going to hire you. I'm thinking that you are a give me everything for free kind of person who signed up for student loans at a 20K a year school to take, I don't know say, political science, liberal arts, Psychology, or some other useless area of studies and *GASP* Can't make 200K a year doing this nothing. And now you want someone else to pay off your loans. Instead of putting your life together and getting to work you decided to loaf around making a park stink and being incoherent because you are still living off Mom and Dads work and Student Loans. You will be hunted down to pay those loans because you are a loser who won't make the payments you promised to pay. So why would I hire you? You think I'm Evil because I have more capital than you, but I'm the one who WORKED hard to have that capital which allows me to hire you. Get off your ass and do some work and you can be one of the EVIL RICH too.

man man man, the studying should be as cheap as possible !! for everyone !! so people should get more valuable for the whole society by studying and becoming engineers to try to resolve the world's problems of energy and petrol depending slavery !!!!
that is the question !!! it is much too expensive to study up there at yours !!! only the rich can study and then benefit from their job to sustain the system .... ok, I am tired of explaining ... you even do not hear me ....
yes I want to be rich too, nothing evil with that !!! just I want all the people being rich !! and like in the years 1950 till 1980 feel that they are living better ... not like now where everybody except the 1 % feel that they become more and more slave, less and less human !!! Stop the killing of the middle class !! stop the poor becoming more poor !! the rich we do not care, but the fascists on the top we do and will find them !!

You made it all sound too political. I like some aspects of what I read of your post but other then that you were too political about all of it. OWS and OTW is a non political movement. Thanks!

Don't get me wrong. I believe that college should be online as webcasts for the lectures, Email out the tests, Email them back. Take the mid-terms and finals in person. But the Teachers Unions don't like this because they (rightly think so) are afraid of this model because once the teacher makes the videos why do you need them anymore? But If they were paid for the value given, and paid a stipend to keep up with a class Wiki then the Professor could spend more time on the ones behind and still have time to challenge the gifted. And still be cheaper for all around. This will have to be the new model until the A.I.'s are teaching our children and us.

reply to post by Sunlionspirit


www.tylershields.com...

look at this please and try to understand this sheeeety world we live in where children die from malnutrition and poverty ....
the 1 % is crazy !!!
the 99 % do realise it !
so what ? which side do you choose ? think about your karma please !!

Hats off to the op for sentiments I share fully.

I wouldn't say I fall into the 1% financially, but being a business owner with a reasonable turnover I know I am in a more fortunate position than most. I too came from a very poor background, raised by a single parent living on a council estate (i'm not sure what the american equivelent would be, state owned properties that you rent perhaps?) in a very rough neighbourhood where the prospects for anyone to climb out of poverty were low. We had no luxuries in my youth but I was determined to find a route out and through hard graft, sheer determination and a lot of luck I managed to get to a point where I was on the road to self sufficiency and could give back to those who helped me on my way.

With the nature of my business being in IT, I have had the opportunity to work with many different corporations large and small and I see a fairly similar pattern of "profit chasing" and "quick wins" across the board with very few, if any, directors taking an active intrest in promoting healthy competition. If anything, I am usually contracted in to assist in boosting efficiency to outpace their competitors. Something which does weigh heavy on my conscience but that, i fear, is the nature of business today.

Any excess profits I make, beyond what I need to sustain my family (bills, food, the occasional holiday, etc), is reinvested into either my own business and employees, or in budding young entrepreners looking for the break that I had to find on my own. At present I currently sponsor four young businessmen and women who also come from deprived backgrounds and have rapidly seen their life turn around simply because someone was able to take an intrest in their life and help them out of the poverty trap.

There is one thing I would like to add to the sentiments mentioned in the op and by many others in this thread; if you ever do find yourself in the position where you are reaching the realms of the 1%, please remember to help your fellow man. No one really needs obscene luxury and you can't take your money with you when you are gone. Give back to those who helped you succeed and to the future generations who will help shape the world when we are gone.

Peace.

reply to post by MattC

There is one thing I would like to add to the sentiments mentioned in the op and by many others in this thread; if you ever do find yourself in the position where you are reaching the realms of the 1%, please remember to help your fellow man. No one really needs obscene luxury and you can't take your money with you when you are gone. Give back to those who helped you succeed and to the future generations who will help shape the world when we are gone.

Couldn't agree more, and just like you I'm probably in the top 1% too. There comes a time where you have to admit to what's "wrong" and what's "right". And what's been going on over the past 20 odd years is beyond wrong.

LINK

Anyone who reads this article (yes, it's 8 pages, but worth it), and still claims the OWS movement is not a just cause simply should have his head checked out.

do like i did.drop out,buy the books and learn it yourself.create your own life free of debt.buy the cheapest country land with water you can find,buy a run down trailer and rebuild.owner finance everything and make sure you have one year grace periods on your payments just in case you lose your job.only then you are truly free.

reply to post by FailedProphet


The problem I'm having with all this is that a political party, the Democrats, have claimed this movement as their own. That and the fact they are protesting in the wrong places.

What the banks and derivatives have done that added to our woes was legal. The real problem is inside the White House and the halls of Congress. That is where the head of this beast lies. The people who brought us this mess all work for the White House now.

I'd imagine that the White House is thrilled that the movement targeted the wrong people. I do not buy that the involvement of MoveOn, George Soros backed organizations and all the other decidedly Democrat groups like the bribed Unions was not by design.

Then I ran into the emails between the organizers that confirm that is true and has been true all along.

Unless the protestors turn their sights towards the real culprits, meaning both parties and the inhabitants of the White House and Congress, it is hard to take it seriously.

I understand everyone cannot pack up and go to DC, but to date I've not seen a single report of anyone protesting the White House or Congress. That combined with the groups claiming this as theirs makes me believe the whole thing is just a branch of the Obama Campaign.

I'm not one of the 1%, but I am a business owner for the last 25 years. No luck involved at all in my case, just years and years of hard work and sacrifice. Currently nearly everything this Administration has done has hurt me somehow and who knows what tomorrow will bring.

I am not a Democrat or Republican because I know both are so corrupt I'd be a fool to subscribe to either in my opinion. I want no part of the divide and control agenda.

I'm curious, in the events you attended, how many were protesting against Obama and Congress? Any at all? Any of them aware that it was Congress and in particular Barney Franks who made this mess possible and in fact forced the banks to make the loans? Any of them? Do they understand how this all went down or are they protesting without actually knowing why or the facts?

reply to post by FailedProphet

Crunching the numbers the only possible solution I see to solving this problem is dispersing the debt. The total amount of worldwide debt ($29.18 trillion) exceeds liquid M2 capital and balance sheet dollars nearly 10:1. In a world with compounding interest it's not possible to close the gap. I think we should take a page from history and follow the old Assyrian model.

Mesopotamian rulers decree debt remission when a large part of the population is so saddled with excessive indebtedness to the point where the economy grinds to a halt (Lohfink 1986, 224).

We're well past that point. Worldwide debt remission would probably cause a huge surge of economic activity. The only concern I have with this is a) making sure it doesn't dramatically and adversely affect those who depend on their investment holdings; b) ensure the quantity of currency is tied to worldwide physical commodities rather just demand for greenbacks; or separate the two as different forms of currency (services vs. physical products); c) implement a model where we define what's too much by what's too little, ensuring we never let the ratios between those at the top and those at the bottom become so excessive that the system devolves back into the state that we're currently in, potentially resulting in a systemic collapse.

That's my take on things.

Originally posted by JohnnySasaki

Originally posted by deadeyedick

Originally posted by JohnnySasaki
I hate to go off topic here, but since you seem to have some knowledge on real estate, how do you think the market looks right now for rental properties? I'm 23, I've got about 100 grand, and everyone seems to think that I'm crazy to want to invest in real estate in the current market. I, however, think it's a great time for rentals beings everyone is losing their jobs/homes.

So what do you think? I was thinking duplexes to start out, but I want to eventually gain enough capital/equity to go into full size apartment buildings. If you do the math on some of these places, they seem to be making a killing.

Thats a good idea since most places are tied up in section 8 with hud.
However that wont be enough money.
If i had that money i would sell chicken wings.

Be careful unless you want to end up in the 1% and be happy and content.

I apologize, but I'm not 100% sure I understand this post.

For example, I can't tell if the first line is sarcasm or not, and how much money would be enough? The third line I don't know what to make of at all, and the fourth line is equally perplexing. Sounds like a joke, but beings I didn't get the other three lines, I can't be 100% on that one either, lol.

Anyway, I'm not looking to be a super 0.00001%er and rule the universe with my money, I just want to adequately prepare for when TSHTF, and that will take way more than 100 grand imo.



....oh, and I want a Ferrari too.

......and Amber Heard and/or Megan Fox.

en.wikipedia.org...(housing)
That explains section 8 housing.
Some property owners like this cause the check comes every month.
Hundred thousand isn't very much for something like property rentals.
You want more income potential and selling food is steady work.
Everybody loves chicken wings

reply to post by Blaine91555

The problem I'm having with all this is that a political party, the Democrats, have claimed this movement as their own.

You're in luck, both parties now claim ownership

Start 1min into the video to experience some awesome flip flopping



The movement is working!!! The people can't afford to pay as much as Wall Street to buy sock puppet politicians and turn the government into a farce, but they're in luck...there's one thing politicians need/want even more than that sweet sweet corporate donations money...VOTES!! And as the movement grows, and public awareness rises, politicians will be forced to address the issues the protestors mention, or they risk losing votes. Without votes, they can't be greedy little sock puppets.

You are forgetting 1 important point. The Government made all of your money for you.

In the late 90's, your tech company did well because of the tech boom, that was created by government regulations. And the real estate boom was directly caused by Big Willie and the Dems in Congress. Barney Frank in particular, passed a law forcing the banks to give loans to people who they KNEW couldn't pay it back. That caused a shortage of real estate, which caused prices to sky-rocket... Making you alot of money. If the Government had kept their hands out of both issues, There would have been no bubbles, and the free market would still be doing its thing. Please dont tell me Capitalism does not work... It works great when left alone.

The bottom line of capitalism is Risk and Reward. If I only have $100, and I risk it, chances are I will receive a reward. Those who refuse to risk anything, will get no reward.