That is absolutely correct observation Brad. I really require that if someone speaks about something, particularly in a negative way, they need to have some direct experience with subject, so 100% agreed
@Josh R thanks for saying nice words about me, I think the same about you. I think we just differ in assets in which we invest in, or work with.
Now to explain why I have selected .com as an extension which personally worked worst for me, for this particular thread purpose - when I started, I actually registered few .com's as well. And yes, I even sold few of them here at Namepros, I think it was for $10 - $15 / each. Totally not worth my time. I studied how the domains are being sold, and soon realised that one needs to invest some serious capital if one wants legacy extensions work out really well. I unfortunatelly do not live in country where lifestyle is cheap (you would be surprised how expensive things can get here now), and I can not spend my time trading, let's say, LLLL .com names, to buy names for 200 and to selll then for 350 as many people here. For some people it works, 150 is lot of money. For me, it is total time waste. So that is why I am not fan at all. Saying that, there are few people who are new in the business, and .com works fantastically for them - I admire their intellect and effort. But ...99,99% of those who start now will not succeed in any major way. The competition is very high there as well - so this is not for me.
New gTLDs are completely different story - there was almost zero competition when I started (now slowly growing), everyone was insecure, lot of people were consfused, and that spells large opportunity, which I think I was able to utilise very well - if you knew what you are doing, you could get valuable domain names almost for free. This was simply not possible in established .com names market when I started in 2014, and of course it is still not possible today .. today it is even worse, imo