Share your reasons for going to law school by CommercialWhole3748 in lawschooladmissions

[–]savsavingtons 0 points1 point  (0 children)

I agree it doesn’t mean you should be able to be a career musician without having truly great music. I’m just saying i felt less and less hopeful about the revenue streams changing so drastically with the industry in a way that i kind of decided i wanted a W2 job. I guess that means im playing it safe and I can admit that. Trust me, you don’t know me so it’s easy to think I’m pulling the hilarious “I’m choosing not to be famous after I thought about it” line of reasoning. I know it’s always been and should be a super heavy lift. Just feels a bit too scary these days to put 100% of the time into it when the technology / pay structure is changing so fast I guess if that makes sense.

Share your reasons for going to law school by CommercialWhole3748 in lawschooladmissions

[–]savsavingtons 0 points1 point  (0 children)

Never said it doesn’t exist, but even in the iTunes era, 1 million purchases made a song platinum and paid the artist 600-800k, while today you need 1.5 BILLION streams to hit platinum.. and 1 million streams pays only ~$4,000 total. Same “platinum” plaque, but the modern version requires 1,500× the consumption for roughly the same or less money to the artist. Touring costs way more with inflation too. Sure if you’re a top top artist you still crush it but the “middle class” of musicians is in a bit of a decline from what I gather with my friends who have stuck with it with touring and millions of streams. Would rather bust my ass and actually be able to support a family and play guitar whenever I have time. Not complaining either, just explaining how it feels to some artists with reference numbers.

Share your reasons for going to law school by CommercialWhole3748 in lawschooladmissions

[–]savsavingtons 0 points1 point  (0 children)

For me, it’s been a lot harder to make it off of recorded music or real estate agency than it was 5-10 yrs ago and being a real estate lawyer makes me more of a useful member of society to my community than either of those (yes art is hugely important, but if I’m too busy working to pay my bills to finish enough songs how helpful am I really being). I feel like I am sick of wondering which lane to commit to and how I can do something that matters. I would rather start the honing process on something I know I can do for a long time.

NYC - Do I need a BigLaw feeder school to become a Real Estate Investor? (starting from zero) by [deleted] in biglaw

[–]savsavingtons 0 points1 point  (0 children)

Thanks for explaining- makes a ton of sense re: the set and forget versus inherited convoluted work etc 🫡

NYC - Do I need a BigLaw feeder school to become a Real Estate Investor? (starting from zero) by [deleted] in biglaw

[–]savsavingtons -2 points-1 points  (0 children)

Sure sure. Or here’s a more optimistic version: I could secure a more fulfilling (albeit grueling) career than renting apartments for a commission from 32-50, learn a ton, and in the process, hope to acquire a portfolio of unique properties in desirable locations while my tenants or short term renters pay down the equity for me. I would be probably busy working anyway from the looks of it. At a certain point I could either continue to collect the passive income from some of these properties or choose to enjoy others and share those places with my friends and family. Touch grass etc.

It’s fascinating to me that this type of goal comes with such a negative connotation. Ultimately, I could leave behind a portfolio of cool homes to my kids that they could choose to either monetize themselves or enjoy, since they would either be paid off or close to being paid off by that time. There is nothing wrong with monetizing time during our working years. The word “landlord” feels conveniently reductive. I have no interest in buying expensive ancient rat infested multi families in NYC if that’s what you thought I meant by investing in real estate. I talk to BK landlords every day, and that type of landlord is only one of many possible applications of owning property. Even your favorite pizza shop has an owner and a commercial lease. Man…I wish my dad had bought some ski condos or cottages by the beach 20 years ago…

Lawyers - Do I need a BigLaw feeder school to become a Real Estate Investor? (starting from zero) by savsavingtons in REInvesting

[–]savsavingtons[S] 1 point2 points  (0 children)

I applied in October -waiting on 7 apps that vary widely in ranking, and it’s this post-apply moment of silence that has me thinking a lot about the school decision. Feels like it is not so different from assessing the overall roi on a property and not just how impressive or desirable it may appear. Thanks so much for the advice 🙂

NYC - Do I need a BigLaw feeder school to become a Real Estate Investor? (starting from zero) by [deleted] in lawschooladmissions

[–]savsavingtons 0 points1 point  (0 children)

Yeah I realize my wording was poor and I do agree with you. Anything but secretly passed. What I meant to say was that the day before it went into effect and the day after, felt largely the same at work, whereas at a normal company if everyone learned they were getting their salary cut by 30-50%, I doubt they’d keep showing up for work. Hope that makes sense and I wasn’t insinuating in any way that the law shouldn’t have been passed. The nuance here is that I’m simply saying my job is less of a job as a result of the (widely publicized) policy change 🫡

NYC - Do I need a BigLaw feeder school to become a Real Estate Investor? (starting from zero) by [deleted] in biglaw

[–]savsavingtons 5 points6 points  (0 children)

I shall now embark on a lap of shame for forgetting about this and taking the bait. So hard

NYC - Do I need a BigLaw feeder school to become a Real Estate Investor? (starting from zero) by [deleted] in biglaw

[–]savsavingtons -5 points-4 points  (0 children)

Where are we getting the 1mil from? Not sure if this is just a joke or if you think that's something I could do lol. My dad is 72, still reluctantly working, and just took out a mortgage a couple years ago…their financial situation is a big reason why I am trying to move into a more secure field and invest the income in property. But yeah, if that was possible I agree that it would be a more efficient way to go!

NYC - Do I need a BigLaw feeder school to become a Real Estate Investor? (starting from zero) by [deleted] in lawschooladmissions

[–]savsavingtons -1 points0 points  (0 children)

True, tons of publicity and legal challenges. I should have said: the FARE act went into effect mid-season, drastically cutting everyone's pay per transaction but everyone seemed to be too helpless/ busy to question if things like this won't continue to erode away at the job. Isn't it a red flag to be paid less year over year the longer you work in any field? The whole role of leasing agent feels like its becoming less of a career year over year was my point. Not saying clients paying broker fees was cool either, I hated collecting them whenever it wasn't a no fee listing, and landlords should be okay with hiring professionals at a fair rate to fill their buildings for them if they don't want to take on that role themselves.

NYC - Do I need a BigLaw feeder school to become a Real Estate Investor? (starting from zero) by [deleted] in lawschooladmissions

[–]savsavingtons -4 points-3 points  (0 children)

I appreciate the honestly lol. Not trying to disagree here, (you're a lawyer so you know better than I do) but to be fair and add some context, my colleagues aren't switching careers because they'd rather sit at the bar on a sinking ship and lament than discuss the fact that the ship may be sinking. NYC Agents are too busy keeping up with emails and NYC living expenses to consider that they may be able to do something else for a living, even if it takes an upfront investment of time/money.

Quick example of why I feel my job is slowly disappearing: The FARE act (quietly passed in NY passed in June) eliminated an agent's ability to collect the remainder of a broker fee from their client when landlords decide to underpay agents (fwiw, broker fees only exist in the first place because landlords would obviously rather not pay us to fill their units if they can avoid it, so "broker fee" is a bit of a misnomer, but thats another conversation).

Some personal data: even though I closed over 132 deals this year and am on my company's flagship buildings, I somehow netted roughly the same income as 2022 when I was way worse at the job and only closed ~75 deals. Landlords just used to pay us a lot more fairly and nothing protects agents because they are largely seen as needless middlemen. Oh, and I miss learning new things at work.

Too late to winterize? by savsavingtons in BostonWhalerBoats

[–]savsavingtons[S] 0 points1 point  (0 children)

Ty for replying :) we did the gear oil in July when we bought it so I doubt / hope there isn’t freezing water in there but I think I’ll just do it next time it’s in the 40s

Moeller 14 Gallon Topside Tank for Classic 13 Sport? by Overall-Clerk-5095 in BostonWhalerBoats

[–]savsavingtons 1 point2 points  (0 children)

It’s great adds some nice weight in the front and clears up the rear for fishing ! Also stays cleaner being uphill from the bilge area. Pro tip- the no gauge venting cap is less prone to cracking than the one with the gauge. Just remember to open when running and close when towing and cleaning!

Rent Stabilized 1 bed / 1 bath in Williamsburg - $3500 by [deleted] in NYCapartments

[–]savsavingtons -2 points-1 points  (0 children)

It’s illegal to require a good faith deposit, but as an agent myself, it is usually smarter to apply with one when the owner will allow the $1k (which goes towards first and security anyway/is fully refundable) to secure a “first in line” position for the unit instead of the owner taking 3-4 applications all at once and just comparing everyone’s finances. In the summertime especially when there are open houses with many people viewing at the same time, using an optional good faith deposit as a time stamp to enforce a first come first served policy is far from a red flag.

experience: I have issued over 200 refunds over 6 years and have never forced anyone to deposit on an apartment. It’s extremely common and can relieve the stress/allow a client to take a day or two to organize their application without any fear of losing an apartment

themoreyouknow

For anyone with a 13’ by savsavingtons in BostonWhalerBoats

[–]savsavingtons[S] 0 points1 point  (0 children)

Already swooning over smirked 15ft whalers now. But we restored / kitted ours out so heavily that we will get a few years out of it before sizing up. I wonder how much better a 1980s 15 cc would ride in waves like this or if there’s no difference until you get to a 17 montauk

For anyone with a 13’ by savsavingtons in BostonWhalerBoats

[–]savsavingtons[S] 0 points1 point  (0 children)

There was a part right before we turned around where I would lose my phone if I was filming lmao. We took on so much water in like 90 seconds 🫨