letap
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I don't really watch much Futbol (aka soccer to us Americans).
But the more I watch it, the more I like it.
One of the main reasons is that it's continuous action without any breaks or commercial interruptions.
Once you realize that, it's hard to unsee the countless commercials and breaks in between NBA, MLB, NFL, etc...
Am I right or am I right?!
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This falls apart the moment you apply basic math, market mechanics, and real-world constraints. Your friend claims he buys a car for $8,900, sells it for $12,000, and makes about $3,100 per car. Doing that once a day supposedly becomes $93,000 a month. That only works if everything is perfect every single day with zero friction, which does not exist in any real market.
CarMax to Carvana arbitrage does not exist at scale. Both companies use algorithmic pricing, pull from the same wholesale data like Manheim and Black Book, and constantly adjust for demand and inventory. If a car is worth $12,000 to Carvana, CarMax already knows that. Any consistent pricing gap would be eliminated immediately by institutional buyers.
You are also not buying wholesale. CarMax is retail. By the time you add taxes, fees, and registration, that $8,900 car is realistically $10,000 to $11,000 all-in. That alone wipes out most of the supposed profit. On top of that, Carvana offers are conditional. They adjust after inspection, and it is common for a $12,000 online offer to become $10,200 or less. Your margin disappears instantly.
Even if someone wants to try arbitrage, the only place it even slightly exists is at auctions. But the same problems still apply. You need dealer access, cars are sold as-is, inspections matter, transport costs money, reconditioning eats margin, and you are competing with professionals who do this full-time. It is not easy money, and it is not consistent.
Then there is the logistics. To make $90,000 a month, you need about 30 cars every month. That requires constant deal flow, significant capital, and time. This is not one hour a day. It is sourcing, inspecting, buying, transporting, selling, and handling title transfers. It is a full dealership level operation, not a side hustle.
And the biggest flaw is simple. Carvana can see where the car came from. They can see repeated transactions from the same person bringing them cars purchased from CarMax. If this was real, why would Carvana keep overpaying instead of sourcing directly themselves? They already have dealer networks, auction access, and pricing data. They would shut that loophole immediately or internalize it.
At best, someone might get lucky on an occasional flip. Turning that into a consistent $90,000 per month system is not just unrealistic. It is impossible in a market this efficient.
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@TotalTrafficMIA @RadioRory This created a smooth ride for me on I-95 south of GGI
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Gonna be wild seeing 8 Texas teams in the college football playoff.
The Kobeissi Letter@KobeissiLetter
BREAKING: US oil prices surge above $86/barrel for the first time since April 2024. Qatar is now warning that prices could hit $150/barrel.
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@SharpFootball Legit 10 mins of silence for every 30 secs of football played
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@Blanco22Bandit @chadmumm Top tier golf courses have their trash cans buried in the ground, helps the look of the course
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Why isn’t there a single bar in NYC that looks like this? To sit by a fire place, and drink a Guinness would be simply fantastic on a rainy day
Prep Propaganda 👔@prep_propaganda
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@letapk001 @rory_fans Rory doesn’t epitomise European banter. The fella is a jumped up little gimp
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