Read my comment again, and think more about what was said. I addressed multiple properties before 30 as a landlord, not first time buying as an employee. Because you are not accounting for cash flow & appreciation over time you are flat wrong.
A non-landlord janitor saddled with student loans losing 30%+ of income to housing versus a landlord whose housing is covered that works as a janitor from the get-go have wildly different leverage opportunities and savings potential at 20 and 5 years down the road. Committing to property ownership instead of school and maximally exploiting living at home gets the down payment, committing to property improvement instead of lifestyle is what gears the investment.
That massive monthly rental savings snowballs into a down payment in the 5 year picture, the first assets improvements and cash flow support lending for the subsequent property purchase, upgrades to which support refinancing and correcting cash flow in the original property. Backed by those assets and cash flow: multi-tenant properties, incorporation, or more aggressive flipping are straight shots backed by the appreciating assets and ongoing work income.
Janitors can clean on the side, work in corporate chains, work in secure facilities, make overtime, juggle multiple jobs, or snowball their hustle into a cleaning company. A landlord-janitor can be creating a crew of live-together like-minded grinders and be building business wealth in parallel to their rental business in a synergistic loop.
It is very possible, I know several people who done it, and know of numerous successful businesses structured around the same. A group of immigrants in a house with a cleaning van out front can be a respectable business. Five such houses could be an early retirement.
The conceptual breakdown tends to be in willingness to sacrifice, and do hard unglamorous work.
“Janitors of all things” can be smart entrepreneurs who grow wealth, just like how programmers, of all things, can misunderstand basic financial calculus.
So “landlord” and “commercial landlord living entirely off of passive income” are worlds apart.
Buying a fixer-upper outside of town with high-school and early 20s grinding, renting out 3+ rooms to cover the mortgage for painful years, working 80 hour weeks, refinancing against that first house into another under-maintained property where you live in half while upgrading the other, ending up with a rental duplex and drastically reduced living cost, is viable by 30. Maximizing youth savings, first house programs, and primary residence rules create less punitive economics.
It sucks and will let one learn why landlord is a pain in the ass job, and relies on sweat equity and modest lifestyle, wanting to commit to real estate, and non-ideal properties. Trade school or skipping college for early income and low debt make the numbers crunch easier.
Investing consistently into the market in your 20s probably out performs it by 65, and a young bankers lifestyle is a joy of its own, but: owning property young is achievable for electricians, security guards, and janitors.
As I recall homeopathy does pretty fine statistically compared to many treatments. Not because the water does anything, but because the provider has time, and talks to patients about their problems and life.
A lot of doctors are shoving people out the door based on their first thought inside a short appointment as they type up a prescription.
Homeopathy is ineffective kookery, but our medical system has some well known gaps.
We used to have peer pressure where slightly older slightly tougher kids would call you names if you didn't man up and try some beer.
Now all that peer pressure is distilled online in short, monologue based, video format, unilateral edited transmissions setting beauty, purity, and behavior standards based on claims, and everyone has a permanent digital record, and mass shame campaigns targeted at random individuals are routine.
Many DSM-5 diagnosis come into effect with the ICD-11, ICD-10 doesn't have a good deal of them, and that rollout is still fresh & ongoing.
It is kinda spooky, though, to have freshly minted doctors from a few years back whose school-knowledge will forever be "outdated and archaic" based on standards published before they were in school.
Some good advice I got: treat this as a generation shift, find younger and newer doctors who are familiar with the "modern" standards.
That's the heart of the issue: insufficient accounting.
You can't plan any better than your models, and if your models are insufficient then your decision making will be inherently flawed. Penny pinching is good until it's not, and the data to see when the transition occurred isn't on the balance sheet until maybe it's too late. At the point you're pinching the penny of the doorman, you don't have the data about the impending customer decline.
My speculation is straightforward: adding “AI” to the sticker ups the share price, dropping headcount improves the balance sheets upping the share price, and doing both at once could be perfect for a CEO bonus or strategic board member sell off.
At the time people were using whistles to make free long distance calls, so I can understand where they were coming from.
The part I can't understand is believing that phone-whistles are connected to our nuclear launch system and not simultaneously trying to put nuclear missile operators in jail for incompetence.
"Oh the world might end with some whistling? Definitely punish the whistlers, that's where the problem is..."
Nuclear process heat in refining would enable releasing less CO2 per fuel-unit. It doesn’t solve burning directly, but reduces the impact of what is going to happen anyways.
… all of which can be controlled through scheduling, and has been baked into all business operations since before money was invented.
Meatspace fluctuations are predictable, quantifiable, and manageable through planning. The changes to hosted model behaviour are not.
Literally, the prompt terms used to manage document reading can change multiple times within a day. MS and Oracle provide decades-long consistent interfaces in their data products.
I’m an LLM fan, but from an engineering perspective the idea of building atop services that palpably fluctuate in capacity, performance, and capability is nutty.
Even with minor automation I feel like I can watch OpenAI and Anthropic engineers fiddling in real-time. Tuesdays behaviour changes by Thursday, 10AMs production isn’t possible at 11:30AM. Nutty.
Historically that tactic is used by ‘revolutionary’ and ‘liberation’ and reactionary groups to overwhelm and exclude honest debate. It’s a destabilization technique, aimed at gathering critical mass for revolt with no clear second phase. Occupy, overthrow, liberate, replace…
Taken at face value, honest protest, it’s a hate crime against the victims and participants in the actual situation: these chaos agitators steal the cause for noise and invest in perpetual purity and polemic campaigns, it only hurts the victims, but enables eternal grievance politics for the agitators.
Spray painting Nazi slogans on American universities isn’t helping diplomacy half the world away. Flotillas without aide aren’t aide.
The propagandists involved are not dumb, they are funding very tactically. The point is not convincing or helping anyone, it’s establishing political dominance and orthodoxy. Mob rule.
I saw an interview with the owner, one point he brought up in addition to atmospheric clarity is that many people need a long travel time to get away from light pollution, reducing available nights even further.
Hiring the acknowledged gore enthusiast with the devil tattoo’s and light criminal record miiiight impact the foreseeability of negative outcomes in or as a result of the workplace.
Maybe people with memory issues or lack of empathetic responses could be used, but even then, you’re piling something odd on something dysfunctional.
The issue, IME, isn’t corporate knowing, it’s managers across the board making big assumptions based on spontaneous observations.
Communication is the ultimate solution, but that solves location awareness as well. Unfortunately, once someone gets something in their head there’s a wall of prejudice before you get to communication, and appearances create unwanted dialog between managers.
So firefighting with another team looks like you’re faffing off by the cantina, and the hero-mode 15 hour WFH crunch that saved our bacon looks unfair and improper, and now it’s a discussion... It’s not just doing the job, but also making sure no one three departments over develops feelings about how that is presented internally.
Fat government contracts, consulting, safety services, and exclusive tender access all follow from this regulation too.
The sensation I’m left with is a handful of goons making up new IPO math thanks to a specific constellation of political forces, using access and favour with those forces to bake themselves into the defence industry, and that the taxpayer and investor will be left holding the bag when reality rears its head. But in the short term, even as a clear ploy, it’s super profitable for all the oligarchs and hedge funds flush with recovery cash.
Like Enron, there was big profits to make if you knew what they were doing. Tinkerbell math with undeniable profit potential for a select few.
At some point moving up the luxury scale the price is less about product and more about buyer psychology.
I can sell a ripped t-shirt, but that same product coming from an upscale exclusive boutique owned by so-and-so’s wife is participation in a whole ecosystem with lots of signalling to other buyers in the same financial strata.