property tax here is 2.25%

im looking to buy a fixer-upper in the 60-70k range.

I already live in a bad area in a tiny 1bd so anything is at least a lateral transition

Gotta think about resale value tho.

You might be cool living in a ****hole but Jon/Jane Doe X years from now might not.

Buying a fixer-upper = buy the ****tiest house in a nice neighborhood != buying a cheap house in a ****ty neighborhood

What state??

MD.

Im not super worried abotu resale, I'll cross that bridge when I get there. we're talking about a house that is worth 5 figures so if I have to die in it or rent it whateva

The biggest thing I would fear about buying a ****ty house is repairs. While you can see the furnace/roof/siding, it's difficult to see things inside walls that can cause lots of expensive problems. The more years any house had bad previous owners (which goes way up with a 5 figure house) could compound issues because less well off people are more likely to band aid problem solve rather than really fixing the issues.

Yeah I totally agree,

and in essence that is the dilema.

What % of the player pool in a 2/5 100bb cap game do you think are making $25/hour or more?

10% is my guess

Probably less then this

Yeah, I'll take the under on that.

Depends on overall size of the pool.

I'm not sure if 10% is even winning, let alone 5bb

Let's say Maryland live. So up to 15 tables on weekends. 8 tables right now.

Where in MD can you buy a house for 5 figures that is within a reasonable drive to a casino?

I own a home in Montgomery county. Can't buy a metal tool shed for less than 6 figures.

With that said, buying a home makes sense in the US in my opinion. As long as worst case scenario is that you live in it for some time and can leave without oweing anything, you are better off than renting just because of income tax savings. Remeber you can deduct mortgage interest and pmi if you are paying it. With interest rates crazy low it is no brainer.

Bought my place a few years ago from the bank. My mortgage, plus home insurance and property taxes together are still significantly less than what it was costing me to rent a house. And i pay less income tax.

Good luck.

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Baltimore!

1-3%.

If 98% is wrong, it's too low.

Is that serious??
I just ask, because that's really depressing... I must be in for a world of hurt soon.

I'll take the under on this by a long way

My guess would be--EXTREMELY few. I would say the maximum is 10% (and only because you specified 5 bb/hr and not a larger number). And it's also probably not who you'd think it is.

If you increased that bound to $40/hr by the way, I'd guess it's 1% at best.

Ask yourself this question--out of all the regs you recognize at 2/5...how many of them do you see EVER trying to move up? That to me is likely to be a good estimate of an upper bound on how many 2/5 players are big winners (upper bound meaning, you could see a player playing 5/10 who still isn't a big winner at 2/5, but I don't think it's likely to work in reverse).

I would also snap call the under.
but perhaps Australia is an entirely differently world.

A lot of people also mistaken "short term" winners as winners.

How many people have you seen would show up for 3 months then disappear?

I'm not really concerned about resale value as long as the market is not peaking. If you are looking in Baltimore, it's probably a great time to buy thanks to civil unrest earlier this year which in the short term is causing homes in the city to stay on the market longer than normal and sell for less than they did in 2014. The only caveat to that is that you have to believe there will not be a mass exodus out of baltimore and you don't believe that housing prices will continue to fall for years to come ala detroit (In which case, why buy a house for $70k today when you can buy it for $20k in a few years).

I am concerned that you are looking for a "fixer upper" which by definition is going to require significant time and money.

Whatever the case, if you really don't care how nice the house is the best thing you can do is put tons of lowball offers down on multiple houses until you find someone desperate enough to sell well below market value.

so so many. thats about the max lifespan of a leaky donk on a heater. I feel like they all get their time in the sun.

Don't see any argument to convince why playing regs is bad, especially when these regs "have disposable income and don't care about losing..."

Ok...so the big winner should stand up and say "no man, you guys are wrong, I am destroying you guys because I know you better than yourself!"

Ok...so regs have different reasons to play than pros and therefore it's bad idea for pros to play regs?

Deadfish, have you really done all your homework?

I don't see how it is even remotely possible that you would only need 5k to cover a down payment and all the closing costs of purchasing a home.