All Forum Posts by: Jacob Thorpe

 Hope the best for you

 There is a difference between capitalism and what ever is happening in the stock market today. That is not a group of men with skills who are going out into the wild, or into the workshops and performing labor or merchanting and creating something of value for the whole of society to benefit and charging for their effort. That is not something where a person pays for these goods or services because the utility outweighs the spending, and so you have what economists call units of happiness. What is happening in the stock market is financial trickery being played on the American people while larping as free trade - insidious to use our own ethos against us. Abusive!  On independence day we should remember what we do to tyrants! Todays tyrant is no longer a red coat who will put a bayonett in your face and extract tax from you, it is a banker or corporate executive who will use the system to rob you!

To benefit  in todays stock market is not to participate in the research and development of a company producing new products and services which will produce units of happiness for society, there is no innovation, it is not skillful arbitrage, today if you want to benefit in the stock market you participate in financial trickery, or pay into a well connected financial trickster called mutual funds! 

Congrats on your success so far, consider joining a REIG out there, 50-70k on a refi is light work in Texas, especially if youre splitting costs JV with partners and inside the DFW, Austin, Houston triangle or anywhere along I35 between SA and DFW due to the current market out there with millions of people moving out of California and plenty of jobs moving in like Amazon, texas intruments expansion, and Tesla. Plenty of houses in growing neighborhoods built in the 30's-80's you can get for under 1/200k and refi at 250/300. Big spread out there for single family BRRR but with rising home prices you can rehab and refi and stick in a renter or two but that wont last forever when rates potentially come down next year and those potential renters will become DR Horton home owners when the money becomes cheaper. Also, I know some flippers who are making 250k on a sub2 in a few months, Id consider going to Austin and jumping in on the meet up circuit. lots of room to grow out there but I would head Dons warning. Kinda makes sense to listen to the guys who've got way more money than you and survived 40+ years of market turbulence yea?

 You mention the financial trickery and deception behind syndications, time share, yes that is valid although a lot easier to spot out. The same mentality the same people behind abusing real esate and abusing investors its the same mentality behind these stock games but the difference is that these stock manipulators have become institutionalized it is far more dangerous when an entire city or state pension is tied up into it 

 I understand the splitting of shares makes them cheaper and more accessible to purchase.. but Apple has a valuation of 3 trillion.. is it feasible that apple will ever produce 3 trillion dollars of value to the economy or that they are working on a technology so revolutionary its going to make that big of an impact when all theyve done for a decade is make the same phone with slightly better features (other products and services too like computers, gadgets, and what not). Do you really think there is no financial engineering at play with apple, or tesla, for the purpose of making money on playing stocks themselves when in its inception the idea behind stocks was democratizing ownership so companies could expand and in that relationship more value is created that is then shared by the whole of society that is participating? What is happening now seems to be financial engineering for the benefit of the financial engineers, while consumers "hope and pay"

Another thing, stocks were a way to democratize ownership, they were a way for companies to share in profits so that they could raise capital and then use that money for further value creation... who is buying into apple because they want to own a piece of a company they love, and who inside of apple to using these funds for further research and development.. and then these products are created from this raised capital which then benefit society and the economy... this is not the case. Apple, and many other stocks, are over valued, the dynamic has changed. It has become financial engineering and trickery for the purpose of extracting value from the consumer, instead of raising funds and providing value to the consumer.  The fundamental use of stocks at its core has become a money making scheme which is not what the purpose of what stocks were meant to do HISTORICALLY. Please note the title of my thread mentions America not japan. 

 Andreas, you clearly are an intelligent guy.. but to say that to Jay was out of bounds. There are some real heavy hitters on this forum and you wont know who they are because theyre the real deal and dont need to advertise. Maybe check out some of his posts and watch his podcasts and you might find new perspective ..

 I like real estate because I can walk it, feel it, I can add value and improve a community and improve the lives of people. Explain it to my cave man brain, how is to possible a company can split itself into billions of shares, how is this ethical and why is the gov. not regulating these people and letting them run wild?

 Show up and knock on their door. bring some muscle if its in a bad area when ever I was flipping in the hood I would usually have a pistol on me and I always was with a couple good ol boys. When youre dealing with people on the street they dont really have respect for courts/laws/ police and will squat, short you money, steal, it is survival for them. You have to understand how to deal with them. A part of the reason why you notify police, and you get the quit notice, use diplomacy initially -  is to protect yourself so you can take action.  If the lease is dissolved, you have a lot more power.  Another thing you have to do is know your tenant or have a manager who can know your tenant. If youre dealing with someone who lost their job that is different than someone who is a felon and a drug dealer.

 youre absolutely correct Dan, I would just air on the side of caution and use diplomacy first before bringing down the hammer on someone who seems like they have nothing to lose.