OT – Trump University and the like

[admin]

Are people really that stupid to sign up for those programs?
A friend of a friend signed up for a house flipping seminar. That’s kinda late, stupid, and a waste of money. But I kept my mouth shut and said “maybe you’ll become the next tycoon.” I felt guilty for enabling the guy because friends don’t let friends do stupid shit. But the alternative is resentment.

I’ve never even watched one episode of the Apprentice.

Business seminars became popular in the 1980s and people used to read business books, attend seminars and repeat buzz words to sound smart. But thank goodness, that behavior is on the wane (maybe before the Internet became mainstream people’s source of info was limited).

[Coronita]

Yes. Get rich quick. There as many people that do… As well as many people that are perma-pessimists. Plenty of them on this board for example.

[all]

[quote=flu]Yes. Get rich quick. There as many people that do… As well as many people that are perma-pessimists. Plenty of them on this board for example.[/quote]

Interestingly, San Diego is one of the incubators for ‘get rich quick’ industry. Several major players live and operate from SD.

[bearishgurl]

[quote=all][quote=flu]Yes. Get rich quick. There as many people that do… As well as many people that are perma-pessimists. Plenty of them on this board for example.[/quote]

Interestingly, San Diego is one of the incubators for ‘get rich quick’ industry. Several major players live and operate from SD.[/quote]If that is true, I want to know where they are getting RE deals today which are good enough to make money “flipping.”

And if the stuff they end up buying is in gross disrepair (ie completely termite-infested, etc) and the “flipper team” can only afford to put “lipstick on the pig” to make any kind of profit off of it, I wonder who is actually benefiting from these newbie flippers’ presence. Certainly not their sitting-duck buyers.

It’s pretty easy to hide internal termite damage from pest control companies.

[Anonymous]

[quote=all]

Interestingly, San Diego is one of the incubators for ‘get rich quick’ industry. Several major players live and operate from SD.[/quote]

Because San Diego has the right combination of Vietnamese immigrants, yachts, and bikini babes.

(Skip ahead to 1:50 if you are only interested in the bikini babes)

[moneymaker]

Never saw that one, the saturday night live spoof is pretty funny though.

[Coronita]

I remember in san diego, there use to be Trump University that partnered with the author of Rich Dad Poor Dad and offered a “real estate” seminar. I always wondered who went to those things.

I think people have a really hard time to understand that short of inheriting money, for most people, making more money isn’t simply “easy”. Or if was “easy”, it would have been as “easy” to have lost money.

[poorgradstudent]

Huge scam. YUUUUUGE!

[all]

[quote=bearishgurl][quote=all][quote=flu]Yes. Get rich quick. There as many people that do… As well as many people that are perma-pessimists. Plenty of them on this board for example.[/quote]

Interestingly, San Diego is one of the incubators for ‘get rich quick’ industry. Several major players live and operate from SD.[/quote]If that is true, I want to know where they are getting RE deals today which are good enough to make money “flipping.”
[/quote]

The money is not made by flipping, but by selling ‘training’ and ‘tools’. Google Rich Jerk, the local celebrity.

[FlyerInHi]

Trump was also a RE bubble head. He started Trump university and Trump mortgage during the last RE bubble

https://www.washingtonpost.com/politics/judge-orders-release-of-internal-trump-university-documents/2016/05/28/2e960e5e-24f9-11e6-8690-f14ca9de2972_story.html?hpid=hp_hp-top-table-main_trumpmanagement-256pm%3Ahomepage%2Fstory

[mixxalot]

I think it was funny how Trump denied any wrong doing on this massive fraud called Trump University. One reason why I cannot vote for the guy among others.

[mixxalot]

I betcha Trump is George Chowderhead Chamerlain’s idol and god! Seems like he gets his bubble lishness ideas from him.

[moneymaker]

Interesting how Adolph Hitler was elected right after a recession, he was a very emotional speaker who always just kept repeating himself over and over, thus demonstrating his simple mind. He attacked treaties and advocated nationalism. I’m just starting to notice that when people say it couldn’t happen here, they could be wrong.

[svelte]

[quote=FlyerInHi]Are people really that stupid to sign up for those programs?
A friend of a friend signed up for a house flipping seminar. [/quote]

Well that was quick.

You answered your own question in the very next sentence.

[FlyerInHi]

[quote=svelte][quote=FlyerInHi]Are people really that stupid to sign up for those programs?
A friend of a friend signed up for a house flipping seminar. [/quote]

Well that was quick.

You answered your own question in the very next sentence.[/quote]

They went to a two day seminar. By the middle of the second day it was clear that they were being upsold to the next level course (which is exactly what trump did) . When I asked, they were a little embarrassed so I didn’t push it. The wife wants a house near the beach anyway so they won’t have the funds to flip.

[Author]

Posts