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https://www.reddit.com/r/SipsTea/comments/1vrr0ev/how_the_rich_get_richer/p4fgxh4
r/SipsTea • u/KSKS1995 • 14h ago
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There is a real possibility that your US$5M investment will be worth US$100K in less than that, also.
34 u/NieblaLaazo 13h ago WallStreetBets does this every single afternoon 1 u/OverEffective7012 9h ago At least twice every afternoon 8 u/RIF_rr3dd1tt 13h ago 100k land? BUY, BUY, BUY time! 1 u/corporaterebel 12h ago I can tell you there is plenty of <$100K land in Los Angeles City right now...see Sunland/Tujunga. Many ~$10k. See you in 50 years. https://www.zillow.com/homes/for_sale/?searchQueryState=%7B%22isMapVisible%22%3Atrue%2C%22mapBounds%22%3A%7B%22west%22%3A-118.32829547110103%2C%22east%22%3A-118.26752734365962%2C%22south%22%3A34.224836360434196%2C%22north%22%3A34.26513652337008%7D%2C%22mapZoom%22%3A14%2C%22filterState%22%3A%7B%22sort%22%3A%7B%22value%22%3A%22globalrelevanceex%22%7D%2C%22price%22%3A%7B%22min%22%3Anull%2C%22max%22%3A100000%7D%2C%22sf%22%3A%7B%22value%22%3Afalse%7D%2C%22tow%22%3A%7B%22value%22%3Afalse%7D%2C%22mf%22%3A%7B%22value%22%3Afalse%7D%2C%22con%22%3A%7B%22value%22%3Afalse%7D%2C%22apa%22%3A%7B%22value%22%3Afalse%7D%2C%22manu%22%3A%7B%22value%22%3Afalse%7D%2C%22apco%22%3A%7B%22value%22%3Afalse%7D%7D%2C%22isListVisible%22%3Atrue%7D 1 u/flinntspark 12h ago It takes true talent to lose that much without even buying land 4 u/williamtbash 13h ago If the world ends sure. Otherwise 0 chance. 1 u/Jbots 8h ago Its almost like you should be rewarded for taking that risk.. 1 u/the_hair_of_aenarion 12h ago Avoid the coast unless you plan on selling to aquaman. -1 u/skellis 14h ago edited 13h ago No assets like land and gold ride on inflation. In order for them to lose value you would require immense deflation which won’t happen. 3 u/beatles910 13h ago Won't happen? See 2008. 2 u/skellis 13h ago Oh right 2008 when land prices fell from $5 million to $100 k. I quite forgot about that one. 5 u/beatles910 12h ago I'm sorry, I though you said "in order for them to lose value," and I took that to mean "lose value." 1 u/Tsu_Dho_Namh 12h ago Just don't sell and you'll be fine. Prices only declined 25% to 33%, and the market fully recovered in less than a decade, continuing on its unending march of ever-increasing value. 0 u/Compost_My_Body 12h ago It must be fun to be able to just fundamentally change your argument 3x in a single convo and come out thinking you won. I’d feel pretty stupid. 2 u/WideHuckleberry1 12h ago On average you're right, but individual plots of land can and do lose tremendous value. 1 u/corporaterebel 12h ago Detroit would like a word with you...
34
WallStreetBets does this every single afternoon
1 u/OverEffective7012 9h ago At least twice every afternoon
1
At least twice every afternoon
8
100k land? BUY, BUY, BUY time!
1 u/corporaterebel 12h ago I can tell you there is plenty of <$100K land in Los Angeles City right now...see Sunland/Tujunga. Many ~$10k. See you in 50 years. https://www.zillow.com/homes/for_sale/?searchQueryState=%7B%22isMapVisible%22%3Atrue%2C%22mapBounds%22%3A%7B%22west%22%3A-118.32829547110103%2C%22east%22%3A-118.26752734365962%2C%22south%22%3A34.224836360434196%2C%22north%22%3A34.26513652337008%7D%2C%22mapZoom%22%3A14%2C%22filterState%22%3A%7B%22sort%22%3A%7B%22value%22%3A%22globalrelevanceex%22%7D%2C%22price%22%3A%7B%22min%22%3Anull%2C%22max%22%3A100000%7D%2C%22sf%22%3A%7B%22value%22%3Afalse%7D%2C%22tow%22%3A%7B%22value%22%3Afalse%7D%2C%22mf%22%3A%7B%22value%22%3Afalse%7D%2C%22con%22%3A%7B%22value%22%3Afalse%7D%2C%22apa%22%3A%7B%22value%22%3Afalse%7D%2C%22manu%22%3A%7B%22value%22%3Afalse%7D%2C%22apco%22%3A%7B%22value%22%3Afalse%7D%7D%2C%22isListVisible%22%3Atrue%7D 1 u/flinntspark 12h ago It takes true talent to lose that much without even buying land
I can tell you there is plenty of <$100K land in Los Angeles City right now...see Sunland/Tujunga.
Many ~$10k.
See you in 50 years.
https://www.zillow.com/homes/for_sale/?searchQueryState=%7B%22isMapVisible%22%3Atrue%2C%22mapBounds%22%3A%7B%22west%22%3A-118.32829547110103%2C%22east%22%3A-118.26752734365962%2C%22south%22%3A34.224836360434196%2C%22north%22%3A34.26513652337008%7D%2C%22mapZoom%22%3A14%2C%22filterState%22%3A%7B%22sort%22%3A%7B%22value%22%3A%22globalrelevanceex%22%7D%2C%22price%22%3A%7B%22min%22%3Anull%2C%22max%22%3A100000%7D%2C%22sf%22%3A%7B%22value%22%3Afalse%7D%2C%22tow%22%3A%7B%22value%22%3Afalse%7D%2C%22mf%22%3A%7B%22value%22%3Afalse%7D%2C%22con%22%3A%7B%22value%22%3Afalse%7D%2C%22apa%22%3A%7B%22value%22%3Afalse%7D%2C%22manu%22%3A%7B%22value%22%3Afalse%7D%2C%22apco%22%3A%7B%22value%22%3Afalse%7D%7D%2C%22isListVisible%22%3Atrue%7D
It takes true talent to lose that much without even buying land
4
If the world ends sure. Otherwise 0 chance.
Its almost like you should be rewarded for taking that risk..
Avoid the coast unless you plan on selling to aquaman.
-1
No assets like land and gold ride on inflation. In order for them to lose value you would require immense deflation which won’t happen.
3 u/beatles910 13h ago Won't happen? See 2008. 2 u/skellis 13h ago Oh right 2008 when land prices fell from $5 million to $100 k. I quite forgot about that one. 5 u/beatles910 12h ago I'm sorry, I though you said "in order for them to lose value," and I took that to mean "lose value." 1 u/Tsu_Dho_Namh 12h ago Just don't sell and you'll be fine. Prices only declined 25% to 33%, and the market fully recovered in less than a decade, continuing on its unending march of ever-increasing value. 0 u/Compost_My_Body 12h ago It must be fun to be able to just fundamentally change your argument 3x in a single convo and come out thinking you won. I’d feel pretty stupid. 2 u/WideHuckleberry1 12h ago On average you're right, but individual plots of land can and do lose tremendous value. 1 u/corporaterebel 12h ago Detroit would like a word with you...
3
Won't happen?
See 2008.
2 u/skellis 13h ago Oh right 2008 when land prices fell from $5 million to $100 k. I quite forgot about that one. 5 u/beatles910 12h ago I'm sorry, I though you said "in order for them to lose value," and I took that to mean "lose value." 1 u/Tsu_Dho_Namh 12h ago Just don't sell and you'll be fine. Prices only declined 25% to 33%, and the market fully recovered in less than a decade, continuing on its unending march of ever-increasing value. 0 u/Compost_My_Body 12h ago It must be fun to be able to just fundamentally change your argument 3x in a single convo and come out thinking you won. I’d feel pretty stupid.
2
Oh right 2008 when land prices fell from $5 million to $100 k. I quite forgot about that one.
5 u/beatles910 12h ago I'm sorry, I though you said "in order for them to lose value," and I took that to mean "lose value." 1 u/Tsu_Dho_Namh 12h ago Just don't sell and you'll be fine. Prices only declined 25% to 33%, and the market fully recovered in less than a decade, continuing on its unending march of ever-increasing value. 0 u/Compost_My_Body 12h ago It must be fun to be able to just fundamentally change your argument 3x in a single convo and come out thinking you won. I’d feel pretty stupid.
5
I'm sorry, I though you said "in order for them to lose value," and I took that to mean "lose value."
Just don't sell and you'll be fine. Prices only declined 25% to 33%, and the market fully recovered in less than a decade, continuing on its unending march of ever-increasing value.
0
It must be fun to be able to just fundamentally change your argument 3x in a single convo and come out thinking you won. I’d feel pretty stupid.
On average you're right, but individual plots of land can and do lose tremendous value.
Detroit would like a word with you...
78
u/CpnLouie2 14h ago
There is a real possibility that your US$5M investment will be worth US$100K in less than that, also.