HackiNews

• mlinhares
  Everyone is a genius in a bull market. I remember a friend saying they were going to buy teslas to then re-sell them at a higher price around the same time because "teslas aren't like normal cars, they're an appreciating asset".

  Thankfully he ended up not having enough money to pull this off so didn't lose everything either.

  • Ntrails
    Back when they came out a guy I knew bought a new mini every 6 months, selling the previous one to cover the cost and indeed profit. Essentially there was scarcity + excess demand so the car now was worth more money vs than one after the 12 month waiting list or whatever.

    Of course it stopped working after a few rounds, but it wasn't a bad play whilst it worked!

  • ElProlactin
    If your friend is interested in not missing out on opportunities like this going forward, he should check out my company, NumberGoUp.ai.
  • arthurcolle
    could have worked with crypto or GPUs though, to be fair to your friend ^_^

    • baobabKoodaa
      There was a time period when it worked with used cars, too.

      • dylan604
        Used car prices are still higher than pre-COVID, but there's still a decent mark up for restoration projects if you want to go that route in used car

        • throw-qqqqq
          > Used car prices are still higher than pre-COVID

          Also if you adjust for inflation? (Which exploded after COVID)

        • andy_ppp
          Looking at how a lot of modern cars are just made of glued together plastic (Mat Armstrong’s channel amongst others) I’m not at all surprised people are buying used models more regularly.
  • dylan604
    I heard people were buying property before this year's Wold Cup that were near the stadiums so they could rent them out and then sell them after. Now, sellers are having to lower the asking prices, and that's just a few months after the tourney. Honestly, I hope those asshats are taking it at a loss
• Quarrel
  These cases are so weird.

  The share price fell, so lawyers race to the courthouse to file a class action suit, because there is a first-to-file doctrine for these types of cases.

  Then they don't necessarily try and prove harm, they just want to settle & get paid for their own inflated costs.

  Meanwhile, the people that they are supposedly representing, ie shareholders at the time of the fall, are overwhelimingly still shareholders. So any payout they get is from their own proportion of money they already own in the company, minus legal fees.

  It does however screw foreign holders and a few other classes of shareholders, to the benefit of the lawyers, and to lower the loss the shareholders take by getting their own money back.

• gringofyx
  Seems like this whole thing burned capital to run a dealer desk writing underpriced puts
• mi_lk
  Couldn't happen to a better company
• lifeisloving
  During the crazy low rates period, I built some CRM tools for some people where all they would do is make 50k offers a month on homes across the country on zillow at like ~85% market value, get some under contract and double close at 110% to opendoor, and they'd collect the 20% or so at closing. They just would put earnest money down. They made millions doing this before opendoor said something.
• natas
  probably lower than their anthropic bill