Mansion life and the NFL
- Thread starter Big Daddy
- Start date
@QuavoFlow can I get a pm too breh 
Art Barr
INVADING SOHH CHAMPION
So why do they usually resale for more than they were bought
not anymore,....
the housing shyt is outta there, actually.
only people buying houses for exorbent amounts that are not more than fifty to sixty percent off is, they are young and inherited the money or have new money and don't know.
imo, the only house i saw where you could possibly make money by rehabbing something in the area.
is joe montana's crib which sold for thirty five Million.
which is a lot for a crib in this age.
if you want a mansion you can get one for cheap.
it just makes no sense to have a mansion, unless.
you entertain a lot of large ticket item based clientele and they need to see amenities on your behalf.
as part of the work to close the deal and are usually the get taken type with no experience.
imo, an experienced businessman with like minded experienced people in business.
won't have to entertain company at large estates to illustrate or precipitate a reason to close.
imo, if you go to a large mansion dwelling of someone in this day and age.
they probably have no liquid real capital and only opening up their soon to be lost home.
in the hopes they can close a deal based on social interaction not actually a real profitable model being proposed.
so, all that big house shyt,...is for someone who is bankrupt and needs it for appearances.
once you stay in a million dollar crib on a million dollar block.
none of that shyt impresses you, or sways you in business.
i look at a large house as a drain on liquid capital that could be horded and better used for me.
if i get hood rich again...i will only have the zombie proof concrete slab.
with the motorized psi shutters, a few windows and a few stories based compound.
on a slab of heated cement, and a pullin horse shoe driveway and garage.
so, i don't have to shovel snow, and i can just leaf blow off the concrete.
ain't nobody got time for that garden, or none of that bullshyt.
fukk all that shyt and that big house shyt.
i would at most have an indoor grotto and pool.
past that,..all that other shyt is money and time i gotta be around to survey somebody clean and take care of my shyt.
fukk all that, servant shyt.
they got computerized vacuums and swiffers, and i can work a mop if need be.
art barr
once you really been through poverty in a house,..fukk all that big shyt.
gimme my liquid capital, and don't pay out for upkeep for some shyt you don't need.
Art Barr
INVADING SOHH CHAMPION
the governments have eliminated all those grassroots ways to make money in chicago.
out here, where i am at.
that shyt don't pay like that at all.
so, i salute your pops but that shyt is pretty much dead, breh.
being the ghetto groundskeeper to the hood mechanic is all dead.
there are no real professional black people to actually seed the hood economy to do what you pops did.
plus, once you make it higher in grade.
those types of situations don't reward in large enough profit to warrant doing it when you progress to different tax brackets.
art barr
Art Barr
INVADING SOHH CHAMPION
the best way to get a mansion but realize a house in this climate will lose you money is.
if you wanna lose money and have a nice digs.
move to canada because american money is forty cent higher than than the canadian dollar.
then, maybe when the canadian dollar plays a little catchup.
then, you can possibly get what you spent or profit because of the rate of exchange.
past, that.....
i would not recommend getting a house that cost over 56K.
none of these redline houses are really worth more than what they were built for a 15K.
so, people paying 10 to forty times that are stoopid.
art barr
if you wanna lose money and have a nice digs.
move to canada because american money is forty cent higher than than the canadian dollar.
then, maybe when the canadian dollar plays a little catchup.
then, you can possibly get what you spent or profit because of the rate of exchange.
past, that.....
i would not recommend getting a house that cost over 56K.
none of these redline houses are really worth more than what they were built for a 15K.
so, people paying 10 to forty times that are stoopid.
art barr
Do you really doubt this?
Anyway, my source is my general understanding of the things. I am an avid sports fan as well as an engineer.
Furthermore forbes has here a simple list of just '100 data analytic startups and their funding'. This is just analytics, not fabrication, not chemicals, not mobile applications, not hardware, not networking etc. So this is just 100 of X.
And if I conservatively assume that 10% (typically 25% goes to the CEO founder) of the amount has gone to the CEO then each of those companies has a millionaire.
Now with respect to the leagues there are only so many positions, and the turnover is not high for those who are actually millionaires.
In addition the forbes 400 has not a single athlete on the list. Not one. Yet it's replete with chemists, engineers and various other individuals who has used education to earn their money.
I was able to find a guy who has made a rough estimate of the percentage of millionaires that are athletes. The number comes out to 0.94%. Less than 1 percent. Question of the Day: What fraction of US millionaires are professional athletes? | Next Gen Personal Finance
Granted these are rough calculations and estimates but I hope you can see where I'm coming from.
(Damn I ain't never gon' get out the red. Somebody negged me for saying there are more millionaire engineers than sports figures. But hey, if you gon' neg, neg then.)
Lastly, I apologize for slightly derailing OP's thread.
Cmon man... I'm a chem engineer (by degree) and a sports fan too
You put forth a theory and haven't backed this up with solid data...
My "general understanding" cant cement a hypothesis....
You need to look at the success rates of startups ...to truly get a picture of what's going on. A huge number of them fail and disband all the time....so we cant assume anything because you are being bullish here.... A lot of them dont generate revenue or experience exponential growth....
Yes silicon valley is rife with capital atm but once that bubble pops... These valuations will too
So we got the figure for athletes at 1% but what's the figure for millionaire engineers ?
As for the Forbes 400, a lot of these scholars and drop outs just found a solution to a problem/ filled a gap in the market/created a new market/ optimized and innovated better solutions.
Being academically inclined and having job security aren't paramount to being rich....
I'm making an assumption that I am certain is correct and I think the evidence suggests the same, even though it is not absolute.
And I'm not necessarily emphasizing graduation, I'm encouraging education more-so. Whether one is self-taught, graduates or drops out it's all the same to me.
Also, "being academically inclined and having job security are paramount to being rich..." I absolutely agree with this. However I also firmly believe that an individual has a better chance at becoming a millionaire going this route without having to sacrifice one's body.
FredG
Rookie
Bruh...I love my Texans but damn does Dallas pay Cowboys players. 20k+sq/ft....I would have to open a maid business just to keep the house clean.
Not before a certain age though
Some of these guys are 23-24 years old fresh outta college with these houses. Hav ij ng your millions at 20 seems much different than grinding and saving for 20+ years, barely hitting 1m when it's all said and done at 45. What kind of engineer/STEM is gonna have that kind of money at that age? Not having an engineering job he wont.
But ndamukong suh is an engineer who plays football so I guess there is that
and my credit to bad to get a loan on a 60,000 dollar home
Art Barr writing dissertations
Nikkas arguing over STEM degrees.
Let us just enjoy the housing porn.
Let us look at the NFL Owners houses.
Zygi Wilif (Minnesota Vikings)
Steve Bisciotti (Baltimore Ravens)
Steve Kroenke (St. Louis Rams)
Jim Irsay (Indianapolis Colts)
NFL Owner’s Insane Mansions dailysnark.com
Nikkas arguing over STEM degrees.
Let us just enjoy the housing porn.
Let us look at the NFL Owners houses.
Zygi Wilif (Minnesota Vikings)
Steve Bisciotti (Baltimore Ravens)
Steve Kroenke (St. Louis Rams)
Jim Irsay (Indianapolis Colts)
NFL Owner’s Insane Mansions dailysnark.com
Made Myself A Boss
#Trolltruck
Frank Gore is an idiot
Bruh I think the lowest credit score is a 504and my credit to bad to get a loan on a 60,000 dollar home
I'm at like 505
