Good for them, I just think it's amazing knowing how much demand there is for real estate in NYC and what lengths people will go to when they see potential dollar signs. My buddy ended up getting remarried and his new wife had insurance. That was the big deal for him. Then he found out how successful he could be and it ended up not being that big of a deal. He has his own employees now and he makes sure he provides them with a very good health insurance package.
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Yeah, the market is crazy there. Some landlords have done some unbelievable things to get longterm renters out of rent controlled apartments. I'm happy to hear about your friend's success! I think it's more of a mental barrier for most people when it comes to entrepreneurship. That was the case for me, I thought I needed the safety net of having an employer.
That makes a lot of sense. I am glad you finally took the dive!