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(The New York Times)   Imagine that. A get-rich-quick scheme from a former Fox & Friends host was too good to be true   (nytimes.com) divider line
    More: Dumbass, Investment, Real estate, Mr. Morris, Clayton Morris, Finance, Property, Oceanpointe Investments, Mr. Morris's customers  
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1280 clicks; posted to Business » on 26 Mar 2019 at 7:35 AM (12 weeks ago)   |   Favorite    |   share:  Share on Twitter share via Email Share on Facebook   more»



17 Comments     (+0 »)
 
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2019-03-26 04:25:35 AM  
the GOP and fox news spent decades building brand trustworthyness with their target audience (the trumpers) and now everyone who can cash in on the grift is doing so without a care for the consequences.  they are feeding on their own.

what happens when even the trumpers finally all go broke?  blame shift even harder?
 
2019-03-26 07:54:37 AM  
These guys spend money on entire blocks of local stations' "infomercial time" on late night to get their message out.

I mean, at least the chef selling you that revolutionary new air fryer is gonna give you something for your money.
 
2019-03-26 07:57:49 AM  
It wasn't a get rich quick scheme it was a turn key investment property program. Nothing about it seems like a scheme at all it looks to me like a good idea for somebody wanting to invest in rental properties but not quite sure how to go about it. If you were doing this through somebody with integrity I can see the value in it. In this case you are dealing with somebody that is willing to hook you up with a vacant lot or a house that had burned to the ground.
 
2019-03-26 08:23:27 AM  

RTOGUY: Nothing about it seems like a scheme at all it looks to me like a good idea


FTA: "Their plan was to connect mom-and-pop investors with turnkey investment homes in Detroit..."

Nope. Doesn't sound like a scheme at all. Can't see any problems there.
 
2019-03-26 08:36:33 AM  
There's some guy here I've heard on the "business" radio station (which is the infomercial station) for "Lifestyles Unlimited" and it's a real estate seminar business.  Basically, you pay them to attend their real estate seminars to learn the secrets to retire in 5 years, but then they pressure you into spending more for extra seminars.  It's basically Trump University.  It's the classic real estate seminar scam.

The pitch of the show is 90% the host talking about how rich he is.  He's making so much money that he doesn't even need to do his radio show or run the seminars, but he's so passionate about "The Lifestyle" that he wants to share it with all.  I can see how this would appeal to people who want to get rich quick and aren't familiar with how common this hustle is.
 
2019-03-26 08:54:48 AM  
This article is several years old now, but it's still one of the most insightful looks at how right-wing media is quite literally built on scamming its audience:

https://thebaffler.com/salvos/the-lon​g​-con
 
2019-03-26 09:03:20 AM  
FTFA: "He's famous and I thought, 'He's not going to ruin his entire reputation.' Obviously, in hindsight, I feel like such an idiot."

"It was his name and his promise," said Larry McLeskey,

Watching fox news and being able to recognize this jack-off was their first problem. Believing anything said by anyone with the taint of fox news about them was their second. Thinking they'll be able to hold this guy accountable and get anything back from him is probably their third.  This is basically the scorpion and the frog story played out in real life. "You knew what I was when you gave me your money."
 
2019-03-26 09:25:54 AM  

Weaver95: the GOP and fox news spent decades building brand trustworthyness with their target audience (the trumpers) and now everyone who can cash in on the grift is doing so without a care for the consequences.  they are feeding on their own.

what happens when even the trumpers finally all go broke?  blame shift even harder?


I imagine a Republican leader telling them something similar to this (skip to 45 sec)

LOTR Extended Edition - Isengard Sarumannn
Youtube zU_zsyulWDg
 
2019-03-26 09:56:19 AM  
Wait, now you are telling me it's not My Pillow?
 
2019-03-26 11:20:28 AM  

Prank Call of Cthulhu: RTOGUY: Nothing about it seems like a scheme at all it looks to me like a good idea

FTA: "Their plan was to connect mom-and-pop investors with turnkey investment homes in Detroit..."

Nope. Doesn't sound like a scheme at all. Can't see any problems there.


Detroit is considered an undervalued real estate market it's not all a wasteland full of roving bands of cannibals.
 
2019-03-26 11:42:49 AM  
Who can't figure out how to be a landlord? More importantly, if you're not smart enough to be a landlord how did you get enough money to give this guy?
 
2019-03-26 12:24:57 PM  

jake_lex: This article is several years old now, but it's still one of the most insightful looks at how right-wing media is quite literally built on scamming its audience:

https://thebaffler.com/salvos/the-long​-con


Wait, the people who think Dubya was a war hero, Sarah Palin is smart, and Trump is a self-made man are kinda gullible?
 
2019-03-26 01:10:50 PM  

RTOGUY: It wasn't a get rich quick scheme it was a turn key investment property program. Nothing about it seems like a scheme at all it looks to me like a good idea for somebody wanting to invest in rental properties but not quite sure how to go about it. If you were doing this through somebody with integrity I can see the value in it. In this case you are dealing with somebody that is willing to hook you up with a vacant lot or a house that had burned to the ground.


...that's still charitable. Most of these guys don't even give you any property at all, just sell you crap that will get you hooked into buying more of their crap.
 
2019-03-26 08:08:53 PM  

jake_lex: This article is several years old now, but it's still one of the most insightful looks at how right-wing media is quite literally built on scamming its audience:

https://thebaffler.com/salvos/the-long​-con


Interesting read. I'm bookmarking that.

So easy to substitute D2S for Romney and Reagan.
 
2019-03-27 06:39:49 AM  

RTOGUY: Detroit is considered an undervalued real estate market


Putting an asking price of $100 on a burned out crackhouse that's worth $200 isn't really "undervalued."
 
2019-03-27 07:30:30 AM  

Prank Call of Cthulhu: RTOGUY: Detroit is considered an undervalued real estate market

Putting an asking price of $100 on a burned out crackhouse that's worth $200 isn't really "undervalued."


It is if you know what you are getting. Urban lots are worth money and often worth more than the existing house on top of it. Large parts of Detroit might be trash now but things change and if you go into a rundown area with your eyes wide open to what you are buying it is no riskier than any other investment and maybe less risky because best case you at least have a property at the end of the transaction.
 
2019-03-27 07:33:33 AM  

Sin'sHero: Wait, now you are telling me it's not My Pillow?


I really don't understand the "My Pillow" thing.  "I used to smoke crack, but buy My Pillow!"
 
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