MathisBrothers

MathisBrothers t1_isy2nps wrote

Fair point, but the article raised none of those concerns. It literally talks about his “rags to riches” story. It’s a breathless article talking about how interesting it is that this guy bought a bunch of property and then sold it or rented it out for a fortune.

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MathisBrothers t1_isy1rss wrote

I mean, from what I read, he funds them with Stephen Starr or sells/rents space to bars and restaurants. I guess that’s “behind” them in some capacity, but once again, not particularly unique in large American cities.

Not trying to sound like a complete hater, but I don’t really find his journey that awe-inspiring or worthy of support (and I think most people probably don’t either). He’s a guy who buys, sells, and rents real estate.

Edit: and I think the way I described him is also relatively charitable. There are a lot worse ways to describe a guy who buys up old properties in order to gentrify them and make shit tons of money by making them unaffordable.

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MathisBrothers t1_isxzpda wrote

I ask this not to be a complete snarky asshole, but because I’m newish to Philadelphia and want to know: is there anything noteworthy about this guy besides the fact that he scoops up real estate/parking lots and then capitalizes on it by holding it for years? This article was pretty much a light hagiography of the guy and just dryly mentions his business dealings, which honestly, aren’t that unique. Every city in the country has a guy who buys real estate, gouges people for rent, and/or sells it for a killing.

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