Everyone is a genius in a bull market. I remember a friend saying they were going to buy teslas to then re-sell them at a higher price around the same time because "teslas aren't like normal cars, they're an appreciating asset".
Thankfully he ended up not having enough money to pull this off so didn't lose everything either.
ElProlactin 3 hours ago [-]
If your friend is interested in not missing out on opportunities like this going forward, he should check out my company, NumberGoUp.ai.
25 minutes ago [-]
arthurcolle 4 hours ago [-]
could have worked with crypto or GPUs though, to be fair to your friend ^_^
baobabKoodaa 4 hours ago [-]
There was a time period when it worked with used cars, too.
dylan604 3 hours ago [-]
Used car prices are still higher than pre-COVID, but there's still a decent mark up for restoration projects if you want to go that route in used car
andy_ppp 3 hours ago [-]
Looking at how a lot of modern cars are just made of glued together plastic (Mat Armstrong’s channel amongst others) I’m not at all surprised people are buying used models more regularly.
dylan604 3 hours ago [-]
I heard people were buying property before this year's Wold Cup that were near the stadiums so they could rent them out and then sell them after. Now, sellers are having to lower the asking prices, and that's just a few months after the tourney. Honestly, I hope those asshats are taking it at a loss
lifeisloving 3 hours ago [-]
During the crazy low rates period, I built some CRM tools for some people where all they would do is make 50k offers a month on homes across the country on zillow at like ~85% market value, get some under contract and double close at 110% to opendoor, and they'd collect the 20% or so at closing. They just would put earnest money down. They made millions doing this before opendoor said something.
natas 5 hours ago [-]
probably lower than their anthropic bill
davmuldoon_ai 29 minutes ago [-]
[flagged]
Rendered at 09:39:19 GMT+0000 (Coordinated Universal Time) with Vercel.
Thankfully he ended up not having enough money to pull this off so didn't lose everything either.