Literally, I’m looking for 50-75k per year that I have to do minimum work for and not be beholden to a 8-6 job for. Beyond that, I have no interest in property — it’s not a means of growth for me, just a means to assure a basic level of subsistence, because I’m not creative enough to think of any other way of doing this.[/quote]
I don’t think you really being honest with yourself on what you just stated as being the only goal.
If that really was your only goal, and the only thing you were looking for…your goal wouldn’t have a required precondition of an economic collapse towards achieving that goal…
You see, if that really was your only goal… You wouldn’t care which way the economic wind is blowing. You would be playing with the hand you are dealt right now and in the few years… You wouldn’t be trying to “out smart” the direction the market is playing, you would be playing with the market condition as long as things pencil in, or as long as the opportunity presented itself. Both in the stock market and in the real estate market….
Instead though, you appear to be adopting a far alt-outer fridge contrarian ideology that a economic collapse will happen, you’re smarter than the average person, you can outsmart the market consistently, and that your path/decision is the most certain way and only way to achieving your stated goal. In other words, you’re goal isn’t just to achieve your targeted $50-70k/year in passive income. You want to do it in a way in which you prove to yourself (and possibly others) you are right, everyone else is wrong, and you are smarter than the average person.. And the fact that you went against the grain/direction, and possibly been left out of what you could have profited from had you just done the same thing most other “dumber” people are doing, you now feel compelled you need to double down on your direction, in order to make up for being behind relative to people that you think are dumber than you…
So in your case, it’s not simply a matter of finding rental property or any asset that can generate $50-75k/year. It’s more doing it in a way such that you feel you’re smart, everyone else is dumb…Am I correct?
I mean, be honest….If some group of people that are completely dumb as a doorknob, she-she stuck up, spoiled, IVY-league snooty, brat approached you and presented a sure way to help you generate that $50-75k/year in passive income as your stated goal…and the only thing you had to do was put up with his/her crap and constant tirade about how smart he/she is (despite being a dick/ahole and dumb as a doorknob)…for an entire year… Would you do it?… Or would pride get in the way of ultimately achieving your goal?
