I quit my high paying tech job at Meta after having panic attacks
businessinsider.com
I quit my high paying tech job at Meta after having panic attacks
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Re: I quit my high paying tech job at Meta after having panic attacks
#2Every single time I read one of these it always ends up with some "and that's why you just need to buy real estate". It's practically a cottage industry writing these articles.
Re: I quit my high paying tech job at Meta after having panic attacks
#3Every single time I read one of these it always ends up with some "and that's why you just need to buy real estate". It's practically a cottage industry writing these articles.
"Oh damn, why didn't I think of that"
Re: I quit my high paying tech job at Meta after having panic attacks
#4So this article is one of those pyramid scheme articles. Where they essentially say "quit your job, and just speculate on the housing market instead".
What they don't tell you is that you are buying from the people who commissioned this article.
> So we started with house hacking, a lower-cost way of getting into real estate. We planned to buy a house, live in a part of it, and rent out the rest of the home to someone else.
> We bought a five-bedroom home in Redding, California, four hours north of San Francisco. While we lived in a 252-square-foot detached guest house in the backyard, our main house was bringing in about $8,000 a month in revenue on Airbnb.
> We were basically living for free and getting paid money every month. We grew confident in real estate and saw its potential. I even set a personal goal to quit Meta once I was making $10,000 a month from real estate.
> We doubled down and bought two more properties in 2021, and by the end of that year, I reached that $10,000-a-month milestone. I then bought two more homes in 2022 and one more in 2023.
Literally an advertisement for AirBNB
Of course, if you can do it, it's a good option. But according to what I hear around me, you are just as likely going to be feed for the experienced sharks as maintenance costs and bad tenant choices eat you up.
Re: I quit my high paying tech job at Meta after having panic attacks
#5>> I know it sounds crazy to leave a $370,000 job, and staying at Meta for the rest of my life would have ensured financial security, but I knew it wasn't right for me.
We all have a price on life. The problem, and why I don't see this situation as being extraordinary (although I'm happy they found a better path), are the people who need positive change, yet don't have the financial resources to get there. This person did. I know many that don't.
>> I then bought two more homes in 2022 and one more in 2023. >> I'm still exploring right now, but I know my purpose will be to build community and help others change their lives meaningfully, the same way I've changed mine.
I don't think flipping houses helps out less fortunate people, if that is the author's goal. It drives the cost of housing up. Less wealthy people get in at the entry level of good neighborhoods by buying the houses that need repair, and do the repairs themselves. When wealthy people do this, they take away opportunity from someone else. To be clear, this is not "wrong" or "bad", it's business.
Re: I quit my high paying tech job at Meta after having panic attacks
#6If only these people would build new real estate
Re: I quit my high paying tech job at Meta after having panic attacks
#7Terrifying article.
I mean, panic attacks suck, but per this article the OP bought 5 properties within 3 years and quit his day job. I don’t know how much leverage is involved but if the RE sector turns south and there’s no six figure job to backstop those housing payments, this story does not have a happy ending.
Too much risk for my personal apetite, anyways.
Re: I quit my high paying tech job at Meta after having panic attacks
#8So this article is one of those pyramid scheme articles. Where they essentially say "quit your job, and just speculate on the housing market instead". What they don't tell you is that you are buying from the people who commissioned this article. > So we started with house hacking, a lower-cost way of getting into real estate. We planned to buy a house, live in a part of it, and rent out the rest of the home to someon…
AirBNB has a bit of bad press in the news lately for squatters not leaving airbnb's, and the owners cant get the city to remove the squatters who stopped paying rent, some are over a year now.
Wouldn't surprise me to see a couple stealth story ads.
Re: I quit my high paying tech job at Meta after having panic attacks
#9> One night, we brainstormed every possible way to generate income on a whiteboard — drop shipping, brand affiliate marketing, and real estate.
What a douchebag.
Re: I quit my high paying tech job at Meta after having panic attacks
#10To me, this article sort of sums up why many tech workers and house flippers are viewed in such a negative light.
Maybe my perception is biased as this individual worked at Meta but don't really understand the infatuation with "Build community!" - AirBnB, being a landlord, and flipping homes aren't a sustainable path to doing so in my opinion.