Not exactly what I’d call hard work, but shitty assholery
Giving someone shit because they can sell things that others give away for free is… interesting.
There isn’t a business on the planet that doesn’t make more money than they pay for what they do. The guy literally took what others were throwing away and effectively recycled their trash and made a profit on it. When you are starting with literally nothing you need to find money somehow.
I bought a dresser from a guy with a storage unit full of furniture he buys from estate sales. I don’t have time to go to estate sales. I got a pretty awesome deal on the piece I got. Even if the got it for free or by running a 800 got junk type deal I would not hate. Better than another thing in the landfill!
There isn’t a business on the planet that doesn’t make more money than they pay for what they do.
Yes, but usually they do something that provides value. A mechanic charges you more than their costs, but they are also charging for their expertise and skill.
When you are starting with literally nothing you need to find money somehow.
Nothing except for the internet, a device to access it, and a method of transportation. Also presumably somewhere to sleep, shower, and wash his clothes. And the ability to see a doctor anytime.
Also, it’s interesting how his method of gaining wealth depended on the generosity of others giving him things for free. It’s right there: when you have “literally nothing” you need help from other people to get started.
Yes, but usually they do something that provides value. A mechanic charges you more than their costs, but they are also charging for their expertise and skill.
Not all jobs are that clear cut though. Most white collar jobs are bullshit (sauce: been working in corporate environments for close to 15 years.)
Car Salesmen are useless for me. They’re still legally required. They get paid WAY too much to swindle grandparents out of a few thousand dollars per car.
Real Estate Agents generally do not produce any real value but are again required. 4-5% commissions for selling a home which today in the boston area is a median of over 700k. Don’t try and tell me that $35k of effort goes into creating a listing and doing a showing, and helping someone throw in a bid. It should be a couple thousand at most. Sales here are almost always a weekend of two open houses then offers due on tuesday… and then a P&S is signed on Friday.
If car salesmen and real estate agents are so valuable, then i’m sure a middleman finding furniture and reposting it on other sites that are more visited than craigslist free section and taking a commission is hardly any more dubious. After all the agents and salesmen in these cases do not create any value - they didn’t build the car or ship it over or really do anything except maybe detail it before delivery, even the paperwork is done by others! Same deal with the agents… they arent the lawyer, mortgage broker, house inspector etc which you still pay yourself out of pocket as closing costs as a buyer.
Anyway, yeah I totally agree about people needing handouts to get on their feet. I’m very much for housing the homeless and giving basic necessities to all (basic shelter, food, water, basic clothes, internet, electricity, smart phone.) We just aren’t that kind of nation though. We’d rather prop up insurance companies and pharma profits than lift a finger for the homeless. “IGMFY” is the way the US works, mostly.
There’s a pretty big difference. Furniture is easily accessible to everyone. Just about anyone can find someone selling their used furniture online, or even buy brand new at reasonable prices. I’ve never heard of a furniture shortage gripping an entire generation of people.
They want their cut. Nobody with less than them can be given anything without them getting their cut. They had to work for it so why shouldn’t everyone else!!111
Seems to be the mentality anyway. “igmfy” It’s why people are anti-immigration (we’re all immigrants if you go back far enough.) It’s why they don’t want social service programs (taxing ME is theft, tax those others!), they sure as shit don’t want free education (hurr durr I paid for mine / I didn’t need it so why should I pay for theirs!!1111oneone)
It blows my mind that so many don’t want any change to the status quo because things were shit for them. It’s like at some point the resentment for being handed a shit deal is replaced by resentment for others who haven’t made it yet.
No I’m talking about making profit by acquiring something for less than it’s worth (the proof of this being that you are able to find someone who will pay more for it, during a short enough time frame that it is worth your time to do so)
People are quick to shit on real estate “investors”, this is kinda the same thing.
I moved recently and instead of dealing with the hassle of having to haggle, I decided to post on an internal company channel and give away all my stuff to coworkers. Since I was going to get charged for disposal, having a random unknown coworker (presumably a trusted person) come to my place and take away stuff for me for free was actually saving me money. Plus I don’t have to deal with actual strangers from Facebook who would probably try and haggle last minute. I got value out of that transaction.
But what if those coworkers sold my furniture instead of keeping it for themselves? Is that somehow dishonorable? What if someone decided to have their entire income be based off flipping furniture like this?
And if you’re OK with all of that, why not keep going and flip houses? It’s the same shit. You are not improving the product in any way (and sometimes house flippers do renovate). Or do things magically change because of the Barrier to entry?
But what if those coworkers sold my furniture instead of keeping it for themselves? Is that somehow dishonorable?
If you’re going to bring honor into it, yeah it can be pretty dishonorable. Your worker would be using his privileged position of access to people who are in a financial position to just discard valuable goods, and if he’s then reselling those at market rate rather than cost plus, then he’s not so much compensating himself for the work of reselling the products as he is exploiting the ignorance of his customers to maximize profit.
And if we understand honor be rooted in transparency, honesty, fairness, etc (which is what we immediately think of when we think of an “honorable” fight or dual, for example), then yes that can be very dishonorable.
So it’s the seller’s responsibility to say “BTW I got this for free so you should pay me less” even if the product is of objective X quality?
All these comment chains are bonkers, yo.
Back to the main article, the entire point was supposed to be that the guy was making money by being a middle man that spent their time handling logistics in a way that made it worthwhile to acquire a thing and sell it to someone who felt they were getting a good deal. That’s much more value than “herp deep I’m a landlord, where’s my rent”.
“Using their privilege of being a coworker of someone who is in a position where it’s more valuable to them to give away furniture cuz it’s more annoying to sell it” is kind of a stretch. Not that it should matter but the vast majority of my shit was IKEA garbage from 11 years ago.
Don’t get me wrong, this is among the least offensive iterations of the phenomen, but middlemen can be pretty shitty in any transaction.
Sometimes they provide a useful service, acting as a sort of external sales and marketing department for producers who for whatever reason don’t have the mechanisms in place to get their products out to their would-be consumers.
But who likes a scalper? Who believes that a guy with an automated purchasing script is adding value to Taylor Swift tickets? Or that the people buying multiple PS5s during the early days just to resell them were providing a useful intermediary service? No one.
And likewise taking something you don’t want off of Craigslist before someone who actually wants it can get it, only to flip it on another site, doesn’t add value or provide a useful service.
Giving someone shit because they can sell things that others give away for free is… interesting.
There isn’t a business on the planet that doesn’t make more money than they pay for what they do. The guy literally took what others were throwing away and effectively recycled their trash and made a profit on it. When you are starting with literally nothing you need to find money somehow.
I bought a dresser from a guy with a storage unit full of furniture he buys from estate sales. I don’t have time to go to estate sales. I got a pretty awesome deal on the piece I got. Even if the got it for free or by running a 800 got junk type deal I would not hate. Better than another thing in the landfill!
Yes, but usually they do something that provides value. A mechanic charges you more than their costs, but they are also charging for their expertise and skill.
Nothing except for the internet, a device to access it, and a method of transportation. Also presumably somewhere to sleep, shower, and wash his clothes. And the ability to see a doctor anytime.
Also, it’s interesting how his method of gaining wealth depended on the generosity of others giving him things for free. It’s right there: when you have “literally nothing” you need help from other people to get started.
Not all jobs are that clear cut though. Most white collar jobs are bullshit (sauce: been working in corporate environments for close to 15 years.)
Car Salesmen are useless for me. They’re still legally required. They get paid WAY too much to swindle grandparents out of a few thousand dollars per car.
Real Estate Agents generally do not produce any real value but are again required. 4-5% commissions for selling a home which today in the boston area is a median of over 700k. Don’t try and tell me that $35k of effort goes into creating a listing and doing a showing, and helping someone throw in a bid. It should be a couple thousand at most. Sales here are almost always a weekend of two open houses then offers due on tuesday… and then a P&S is signed on Friday.
If car salesmen and real estate agents are so valuable, then i’m sure a middleman finding furniture and reposting it on other sites that are more visited than craigslist free section and taking a commission is hardly any more dubious. After all the agents and salesmen in these cases do not create any value - they didn’t build the car or ship it over or really do anything except maybe detail it before delivery, even the paperwork is done by others! Same deal with the agents… they arent the lawyer, mortgage broker, house inspector etc which you still pay yourself out of pocket as closing costs as a buyer.
Anyway, yeah I totally agree about people needing handouts to get on their feet. I’m very much for housing the homeless and giving basic necessities to all (basic shelter, food, water, basic clothes, internet, electricity, smart phone.) We just aren’t that kind of nation though. We’d rather prop up insurance companies and pharma profits than lift a finger for the homeless. “IGMFY” is the way the US works, mostly.
“These professions perform a similar function and I think they’re useless. That makes this worthwhile” is certainly an interesting take.
It sounds like you agree that obtaining free furniture and selling it for money is just as parasitic as a Car Salesman or Real Estate Agent.
Of course presumably the Car Salesman or Retail Agent also brings some expertise to the situation that is not needed for flipping furniture.
The more I think about it, the more I think he’s right about these jobs adding no value.
Where do you draw the line between this and flipping houses?
There’s a pretty big difference. Furniture is easily accessible to everyone. Just about anyone can find someone selling their used furniture online, or even buy brand new at reasonable prices. I’ve never heard of a furniture shortage gripping an entire generation of people.
Ur gonna be mad at dude who’s homeless for getting a free house? Ok buddy.
They want their cut. Nobody with less than them can be given anything without them getting their cut. They had to work for it so why shouldn’t everyone else!!111
Seems to be the mentality anyway. “igmfy” It’s why people are anti-immigration (we’re all immigrants if you go back far enough.) It’s why they don’t want social service programs (taxing ME is theft, tax those others!), they sure as shit don’t want free education (hurr durr I paid for mine / I didn’t need it so why should I pay for theirs!!1111oneone)
It blows my mind that so many don’t want any change to the status quo because things were shit for them. It’s like at some point the resentment for being handed a shit deal is replaced by resentment for others who haven’t made it yet.
No I’m talking about making profit by acquiring something for less than it’s worth (the proof of this being that you are able to find someone who will pay more for it, during a short enough time frame that it is worth your time to do so)
People are quick to shit on real estate “investors”, this is kinda the same thing.
I moved recently and instead of dealing with the hassle of having to haggle, I decided to post on an internal company channel and give away all my stuff to coworkers. Since I was going to get charged for disposal, having a random unknown coworker (presumably a trusted person) come to my place and take away stuff for me for free was actually saving me money. Plus I don’t have to deal with actual strangers from Facebook who would probably try and haggle last minute. I got value out of that transaction.
But what if those coworkers sold my furniture instead of keeping it for themselves? Is that somehow dishonorable? What if someone decided to have their entire income be based off flipping furniture like this?
And if you’re OK with all of that, why not keep going and flip houses? It’s the same shit. You are not improving the product in any way (and sometimes house flippers do renovate). Or do things magically change because of the Barrier to entry?
If you’re going to bring honor into it, yeah it can be pretty dishonorable. Your worker would be using his privileged position of access to people who are in a financial position to just discard valuable goods, and if he’s then reselling those at market rate rather than cost plus, then he’s not so much compensating himself for the work of reselling the products as he is exploiting the ignorance of his customers to maximize profit.
And if we understand honor be rooted in transparency, honesty, fairness, etc (which is what we immediately think of when we think of an “honorable” fight or dual, for example), then yes that can be very dishonorable.
So it’s the seller’s responsibility to say “BTW I got this for free so you should pay me less” even if the product is of objective X quality?
All these comment chains are bonkers, yo.
Back to the main article, the entire point was supposed to be that the guy was making money by being a middle man that spent their time handling logistics in a way that made it worthwhile to acquire a thing and sell it to someone who felt they were getting a good deal. That’s much more value than “herp deep I’m a landlord, where’s my rent”.
“Using their privilege of being a coworker of someone who is in a position where it’s more valuable to them to give away furniture cuz it’s more annoying to sell it” is kind of a stretch. Not that it should matter but the vast majority of my shit was IKEA garbage from 11 years ago.
Don’t get me wrong, this is among the least offensive iterations of the phenomen, but middlemen can be pretty shitty in any transaction.
Sometimes they provide a useful service, acting as a sort of external sales and marketing department for producers who for whatever reason don’t have the mechanisms in place to get their products out to their would-be consumers.
But who likes a scalper? Who believes that a guy with an automated purchasing script is adding value to Taylor Swift tickets? Or that the people buying multiple PS5s during the early days just to resell them were providing a useful intermediary service? No one.
And likewise taking something you don’t want off of Craigslist before someone who actually wants it can get it, only to flip it on another site, doesn’t add value or provide a useful service.