1,080 karma · joined January 21, 2011
Edit: if you need to know I would just ask the editor if it's an option
The gist is that this isn't quite as cut and dry as it may seem.
We also paid to make the Nature Aging paper open access.
Looking for a job is a time bound process and I want to know that I have full access to the tools needed for the entire time it takes to find a job. During my most recent job search the 15 rewrites may have lasted me less than a week. I was using ChatGPT to tweak every resume I submitted.
https://onezero.medium.com/clear-conquered-u-s-airports-now-...
You take out a mortgage for a property you intend to cashflow by posting it on AirBnB. You open an LLC to do so. You put down a fraction of the price of the home, let's say 5-10% and then you do some upgrades, but you borrow against the price of the home for the upgrades, not against your own credit. Now, you start AirBnBing this very nice house out for absolute top dollar. It's nice and people love it, you have great reviews. Every time you get a payment from AirBnB, you take most of the money and move it to your personal bank account as a "management fee" or a "bonus" and you put the smallest amount possible into the mortgage and the second mortgage (the one you used to upgrade the house). Now, as the house gets more use, or you cut costs, say on having the pool cleaned, or on yard maintenance, the house goes down in quality pretty significantly, but your original AirBnB ratings are there and people are willing to pay significant sums so you continue to rake in cash, and you try to avoid maintenance as much as possible.
Eventually, the place is a run down heap, and people are leaving terrible reviews, so you stop having bookings/cashflow. Okay, now you just send the keys to the bank and say "it's your problem". They get a rundown house that has barely repaid its mortgage, and you get to keep the cash. The trick is to have moved a lot more cash into your account than you lose in the mortgage down payment.
Edit: I should add that PE firms aren't always trying to extract value at the cost of the business (sometimes they absolutely are). However, they are always incentivized to make cash flow and take maximum business risk for potentially even larger payout.
Granted, I did research on proxy gun rate estimators many years ago, using even older data, so it is possible that things have changed but I don't see why that would be the case.
I chose Gemini because of their NY state compliance and their attempts to be compliant ahead of government regulation. I still wouldn't put all of my money in Gemini but it is a highly liquid, high-yielding, way to diversify and get some yield.
Full disclosure: I do stand to benefit from Gemini's success due to associates having equity, but I used GUSD and Gemini Earn prior to having that connection.
There are plans in the works to fix these infrastructure issues but the timeline is frustratingly long.
And anecdotally, everyone I know who drives a sports version of an SUV also owns a sports car of the variety you're describing. You see lots of people hauling their GT3s to track days in those sorts of SUVs.
But either way, I credit the program I was in with saving my life essentially. Also, very few people were willing to put in the work needed for this program. My high school was significantly harder than my college, with the exception of a few classes.
Your average consumer will only drive a few cars before buying one, 3-5 maybe? So if you can own two of those slots with cars that are practically the same but somewhat different, you increase the chances that a consumer will buy one of your products because they are less likely to look at competitor's products.
Curious what others think on this. Seems like a smart business strategy.