[bsrsharma]

sell it for more than six times what I bought it for less than than 10 years prior

Where was this house? Is "Pimp Daddy" still around?

[bsrsharma]

Dec 2004. When a colleague described to me how newly arrived foreign students at ASU are being used to help flip houses under construction in Phoenix. Not having any assets, it was completely risk free for them to sign a purchase contract for a $2000 or so deposit and sell it 3 months later and collect $5000 “profit”. Many students signed so many flipper contracts and turned them over so fast, they made 6-figure “incomes” without ever understanding what they were doing!

[bsrsharma]

Dec 2004. When a colleague described to me how newly arrived foreign students at ASU are being used to help flip houses under construction in Phoenix. Not having any assets, it was completely risk free for them to sign a purchase contract for a $2000 or so deposit and sell it 3 months later and collect $5000 “profit”. Many students signed so many flipper contracts and turned them over so fast, they made 6-figure “incomes” without ever understanding what they were doing!

[bsrsharma]

Dec 2004. When a colleague described to me how newly arrived foreign students at ASU are being used to help flip houses under construction in Phoenix. Not having any assets, it was completely risk free for them to sign a purchase contract for a $2000 or so deposit and sell it 3 months later and collect $5000 “profit”. Many students signed so many flipper contracts and turned them over so fast, they made 6-figure “incomes” without ever understanding what they were doing!

[bsrsharma]

Dec 2004. When a colleague described to me how newly arrived foreign students at ASU are being used to help flip houses under construction in Phoenix. Not having any assets, it was completely risk free for them to sign a purchase contract for a $2000 or so deposit and sell it 3 months later and collect $5000 “profit”. Many students signed so many flipper contracts and turned them over so fast, they made 6-figure “incomes” without ever understanding what they were doing!

[bsrsharma]

Dec 2004. When a colleague described to me how newly arrived foreign students at ASU are being used to help flip houses under construction in Phoenix. Not having any assets, it was completely risk free for them to sign a purchase contract for a $2000 or so deposit and sell it 3 months later and collect $5000 “profit”. Many students signed so many flipper contracts and turned them over so fast, they made 6-figure “incomes” without ever understanding what they were doing!

[bsrsharma]

duplicate

[bsrsharma]

duplicate

[bsrsharma]

duplicate

[bsrsharma]

duplicate

[bsrsharma]

duplicate

[bsrsharma]

My guess is we will not have Zimbabwe style inflation, but a stagflation similar to 1974-82. That happened after a long and costly unpopular war that had to be financed indirectly through inflation rather than direct sacrifice by citizens through taxation. The long and expensive wars we are fighting now are also going to be financed by inflation rather than taxation.

[bsrsharma]

My guess is we will not have Zimbabwe style inflation, but a stagflation similar to 1974-82. That happened after a long and costly unpopular war that had to be financed indirectly through inflation rather than direct sacrifice by citizens through taxation. The long and expensive wars we are fighting now are also going to be financed by inflation rather than taxation.

[bsrsharma]

My guess is we will not have Zimbabwe style inflation, but a stagflation similar to 1974-82. That happened after a long and costly unpopular war that had to be financed indirectly through inflation rather than direct sacrifice by citizens through taxation. The long and expensive wars we are fighting now are also going to be financed by inflation rather than taxation.

[bsrsharma]

My guess is we will not have Zimbabwe style inflation, but a stagflation similar to 1974-82. That happened after a long and costly unpopular war that had to be financed indirectly through inflation rather than direct sacrifice by citizens through taxation. The long and expensive wars we are fighting now are also going to be financed by inflation rather than taxation.

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