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  #1  
Old 05-18-2012, 03:05 PM
DubaiSis DubaiSis is offline
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I worked for a rich guy several years ago who was, I guess you'd call him a developer. He bought old crap hole buildings with the intent of fixing them up, turning them into loft apartments, etc. But this was just as the economy was going seriously south and he was making completely bizarre decisions on a daily basis. The biggest part of my day was dealing with the calls from the banks wanting to get paid. His minimum payment on one of his credit cards was THOUSANDS of dollars. It turned out he had a brain disease and died a couple years after I (blessedly) left his employ. Money stresses me out and seeing someone throw away literally millions of dollars before my very eyes was anxiety inducing, regardless of the fact that it wasn't my money and never would be.

So on one hand he wasn't ghetto at all. This little office of his had original artwork by the dozens and many of them you'd recognize. It was really astounding, his art collection. His family money came from forming a bank which I won't name but I can assure you you've heard of it. And on the other hand, I got to learn what "hard money lending" is, which in my opinion couldn't be more ghetto. He was also mortgaging off his wife's money (I don't know where her family money came from but it was also substantial). I just hope when he died his wife was able to sell his Warhol and a few of the other famous pieces to make ends meet.

And here's what I learned from that time. The REAL money in urban renewal? Parking lots. Tear down that old semi-historic building and put in a parking garage. You'll make a FORTUNE.
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Old 05-18-2012, 04:45 PM
LikeASista LikeASista is offline
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OMG!!! I have not laughed this doggone hard in a LONNNNNNG time!! I'm in Starbucks right now, so I gotta stop! You are killing me with this thread!! I'm still laughing about the ex-con who is now the employee of the month.

I've worked at a "ghetto" place before, ... it was a library in my old hood, that I loathed on a daily basis. No one ever said the word "library", ... it was always "lie-berry". My car was stolen right before my eyes right in front of the building, at 2pm in the afternoon, in broad day-light. I could go on and on, but I can't seem to stop laughing at the original post long enough to even get angry enough to remember my experiences.
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