What's the income profile of people buying $3M properties in south bay?

My plan is to keep climbing corporate ladder. Startup idea got sunset for the first project i mentioned here before, so there’s that. And acquire cashflow positive business, too.

Do what you are good at. If you are good at climbing ladders, try to reach as high as possible.

I don’t know much about flow positive businesses except rental housing, which could be slaughtered by Prop 10. If Prop 10 passes, I would need to search for other cash flow positive ideas.

Been there done that. Wasn’t for me. I’m much better off doing what I do now :sunglasses:

That’s the most passive kind of business possible. Everything else requires a lot more overhead and stress.

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I can keep “rest and vest” after I am L8, it’s boring, but could keep the cash coming hah. 7 is in sight!

Yes, but it’s good to have that cash flowing. you can mix them, too.

Actually, I heard that Google pay some people a salary for just sitting at home. Why was I never that lucky :smile:

But of course, nothing beats a golden parachute… :thinking::grin:

while i joke about rest and vest, i know i am not that kind of person :slight_smile:

good thing i am moving to something a bit more exciting - different from ads. It’s a cost center, still, but eh, i am going for the person and the project.

Cost center meaning no revenue and just for fun?

Yes, pretty much.

People in this forum make fun of waymo, but it’s market cap is probably going to reach > 100b when it debuts. I am actually jealous of engineers working there as they get waymo equity.

Mine is not waymo, but the manager - i would give a robotic arm for him. Best person around, knows how to run a business (he sold multiple start ups, and currently own 3-4 businesses where he’s absentee). That’s the thing i am planning to learn from him: How to be good at managing people, how to have progress (he’s anti-thesis of a corporate manager), and while doing it - having fun. If it pans out, i am pretty sure he’ll pivot it into more tangible stuff (he never said he would, and actually said opposite, but i know it’s in his blood). If project fails, he moves into something else, and i follow him again hahah. If he stayed in his previous team, he’d be a VP in about another year or two, but he didn’t care :slight_smile:

What’s the difference between Waymo equity and Google equity? I thought I own Waymo already by investing in Google…

You do but in a diversified manner.

Waymo equity is just that, a separate waymo equity. A bit like start up, if you get 0.01% of waymo and it’s valied at 100b, you get 10m when it goes public (or if it goes public). There’s internal valuation of the company which i hear is what they can buy your shares based on - since waymo engineers also need to pay for houses and stuff).

Assume google had 0 growth except for waymo, and you owned 1000 shares at 1000$ each, and google is valued at 500b.

1000 shares, 1000$ each, you have a million.
Waymo goes from 0 to 100b, alphabet would be valued at 600b.
Your shares would be worth 1200$.

A waymo engineer could get 10x or more for the same growth.

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Ok, I’ll take that extra $200… :rofl:

you are still waiting for their dividends…

Yes, what’s taking them so long… :confounded:

gotta spend that money on robotics!!!

Yet another 3.5M house in North LA. Seems it’s a popular price range there? Chinese buying agent, so I guess the buyers are Chinese?

Lot of that size is 3 ish dirt value.

Yes, 10k lot tear down in North LA is around 3M (was actually more earlier in the year). Anything livable is going to be 3.5M+.