/biz/ - Business & Finance

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Anonymous Thu Jan 17 20:38:18 2019 No.12476269 [Reply] [Original]

Do people who don’t own million dollar houses even exist? I own a million dollar house and so do my colleagues and friends and nearly anyone I interact with on a daily basis. I am not convinced poor people like the ones on this sub actually exist. Maybe you guys are the NPCs I see everyday around the bus stop and working at Starbucks.

>>	Anonymous Thu Jan 17 20:39:58 2019 No.12476286 are you going to have an issue if your house price goes to 999,999.99 in a recession?

>>	Anonymous Thu Jan 17 20:41:17 2019 No.12476296 >>12476286 Shouldn’t it be the other way around since the fed will have to print more money

>>	Anonymous Thu Jan 17 20:43:25 2019 No.12476317 >>12476269 How did you and your colleagues make your money?

>>	Anonymous Thu Jan 17 20:43:52 2019 No.12476323 >>12476269 >think he owns his house. lmao, fucking pleb.

>>	Anonymous Thu Jan 17 20:47:20 2019 No.12476355 >>12476317 Finance I now work in PE, use to work for a HF

>>	Anonymous Thu Jan 17 20:48:32 2019 No.12476365 >>12476323 The pleb thinks borrowing money at 1,000 year low interest rates is a bad idea. Know how I know your a pleb that gets into credit card debt with a low credit score?

>>	Anonymous Thu Jan 17 20:51:15 2019 No.12476381 >>12476365 >says he owns a house. >bank does lmao, stfu.

>>	Anonymous Thu Jan 17 20:52:32 2019 No.12476391 >>12476355 lol ur a pe teacher? haha lol stay poor lmao

Anonymous Thu Jan 17 20:57:10 2019 No.12476429

>>12476381
Mistaking capital structure: classic sign of a plebian

I am a buyout investor. Borrow 80 million, i put in 20 million. Buy company for 100 million. I owe the bank 5 million a year, company makes 10 million. I own 100% of the company, the bank can force a sell if I don’t pay, but I can dictate how the company is run, same with real estate.

>>	Anonymous Thu Jan 17 20:59:30 2019 No.12476446 File: 2.10 MB, 600x337, yaokbud.gif [View same] [iqdb] [saucenao] [google] >>12476429

>>	Anonymous Thu Jan 17 20:59:48 2019 No.12476452 >>12476365 >>12476381 the government owns all land, retards https://en.wikipedia.org/wiki/Eminent_domain_in_the_United_States

>>	Anonymous Thu Jan 17 21:01:20 2019 No.12476464 >>12476269 Op is bucko the boomer

>>	Anonymous Thu Jan 17 21:02:03 2019 No.12476468 >>12476269 what's your objective here? you post the same fucking bait every other day. 0/100 larp 0/100 bait. fuck off and die faggot.

>>	Anonymous Thu Jan 17 21:02:35 2019 No.12476470 >falling for the McMansion meme The shabbos goy has arrived

>>	Anonymous Thu Jan 17 21:07:38 2019 No.12476501 >>12476391 Yeah, I physically educate your mom

>>	Anonymous Thu Jan 17 21:09:04 2019 No.12476511 >>12476269 It ten years your house will be worth a billion dollars. That's excellent good news for us. Not so much for you.

>>	Anonymous Thu Jan 17 21:11:37 2019 No.12476532 >>12476511 >he believes in hyperinflation Japan has been printing as much money as they collect in taxes for 5 years now, it is still stuck in deflation Demographics and technological deflation is a thing

>>	Anonymous Thu Jan 17 21:27:41 2019 No.12476654 Random asian guy came to my door and offered $8mil to buy my house. Probs one of those chinese investors who buys houses in Melbourne to let them sit for years and then sell for hectic profit in the future (assuming prices continue going up). Said nah

>>	Anonymous Thu Jan 17 21:29:21 2019 No.12476666 >>12476269 That’s just Hollywood movies, dude. They don’t exist in real life.

>>	Anonymous Thu Jan 17 21:30:08 2019 No.12476672 >>12476269 No, all the sub million dollar houses out there are empty. No one lives in them.

Anonymous Thu Jan 17 21:39:52 2019 No.12476744

>>12476269

Lol I marvel at every single one of these threads that American trash idiots pay such massive sums of money for 'pretty' timber that would go to a pulp mill in any other civilised country on earth, after which we would build our home with that solid, impervious, long lasting and aesthetic material which seems to be popular these days: STONE.

>>	Anonymous Thu Jan 17 21:42:31 2019 No.12476765 >>12476269 no nothing to my name. my parents did have a 230k dollar house but got foreclosed on because they fell for the remortgaging meme so i'll inherit nothing.

>>	Anonymous Thu Jan 17 21:43:48 2019 No.12476779 File: 124 KB, 660x988, 1541689273531.jpg [View same] [iqdb] [saucenao] [google] >>12476269 >on this sub

>>	Anonymous Thu Jan 17 21:45:54 2019 No.12476798 >>12476765 >getting foreclosed on a 230k mortgage with dual income lmao poorfags

>>	Anonymous Thu Jan 17 21:47:01 2019 No.12476803 >>12476452 most don't know this If you don't pay the government annually they take your land away Even if you have 100% equity in your house you're still just renting it from the government

>>	Anonymous Thu Jan 17 21:47:17 2019 No.12476808 >>12476744 >Build house of stone >stuck with 18th century plumbing and electricals forever >insanely high heating costs and energy costs in general Vs >modern everything, lasts about 40 years and then we tear them down to build a new one again

Anonymous Thu Jan 17 21:50:15 2019 No.12476830

>>12476765
You say remortgaging but they probably got a reverse mortgage. Remortgaging is where you get a new mortgage to pay off an old one, usually because the new one has lower payments. Reverse mortgage is where you borrow money from the bank, using your house as collateral. I've heard other millennials claim their boomer parents did this to them but luckily, it didn't happen to me. I inherited a house from my parents (they had 2 and now live in the other one). As I get older, I appreciate it more and more. Not having to pay rent is a huge boon in this age of wagecuckery.

>>	Anonymous Thu Jan 17 22:19:37 2019 No.12477053 >>12476798 the new owners are selling it for 230k. my parents got foreclosed on it when it was worth 60k lmao >>12476830 yeah they reversed mortgage to buy cars and vacations.

>>	Anonymous Thu Jan 17 23:02:04 2019 No.12477392 >>12476269 Do you seriously not know that people a person knows tend to be of similar financial means?

>>	Anonymous Thu Jan 17 23:20:20 2019 No.12477510 >>12476808 >has never lived in europe because he is tied to his job >probably doesn't even own a passport >thinks a mcmansion looks good >impressed with himself, but isn't even retired yet go back to plebbit and try to flex on your wagie friends

>>	Anonymous Thu Jan 17 23:26:05 2019 No.12477549 File: 24 KB, 534x401, poop_on.jpg [View same] [iqdb] [saucenao] [google] OP Needs ego shrine to feel important

>>	Anonymous Fri Jan 18 00:27:38 2019 No.12477927 File: 12 KB, 448x396, b_M9iyXyE7c.jpg [View same] [iqdb] [saucenao] [google] >>12476269 >on this sub

>>	Anonymous Fri Jan 18 00:34:24 2019 No.12477963 >>12476269 bumping for 10/10 quality thread thanks OP

>>	Anonymous Fri Jan 18 00:39:14 2019 No.12477991 File: 1.05 MB, 1892x1050, bucko2.png [View same] [iqdb] [saucenao] [google] >>12476269

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