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PaperclipPerfector  1yr ago (text post)   28903 thread views

Culture War Roundup for the week of September 11, 2023

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Union jobs offer stability and benefits for no upside. It's not like you can go from warehouse to CEO with union , like you can with a start-up. no stock options either. It's not like you can get a raise for exceptional work, it's all collective. So it tends to benefit the median or mean instead of the outliers who really excel. So there are downsides to joining a union. But I agree that overall they seem overpaid relative to the value they create.

Not all humans have 135 IQ (supposedly the average here). The people joining the union just want good wages and benefits to have a family. They don’t think like us here who want routes to be rich.

(And I hate unions but I think this is a good understanding of what their people want)

That’s not that sure of a route. Lots of rentals don’t work out.

"does not work out" if you use your own money on leverage, which is what home flippers do. if they are gifted to you and paid off, then you cannot fail.

Of course you can fail. You get one set of non-paying tenants who wreck the place. It's not uncommon.

Yeah but even if they burn the place to the ground and salt the earth so that even the lot loses all value, you're still no worse off than you would have been if the property had been willed to somebody else. At least then you probably got to collect some rent on it. If you paid for it yourself that's a different story.

You've got a property which is producing no income and you can't sell, but you have to pay taxes on and often enough you're responsible for its condition (and can be fined by local authorities) even when you can do nothing about it. It is not hard for even a gifted property to be a white elephant.

All those taxes and fines, though are against the property, not you personally. They can put the property up for tax sale but they can't go after you.

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