Quote:
Originally Posted by crucifissio
everybody who speculates on housing is a leech...you see the banks literally print money out of thin air and this creates debt and inflation...how much did prices of real estate rise in the USA in the last 10 years? Like 100%? 
the ones with access to the printed-out-of-thin-air money leech off of those who do not have access to it...it is undemocratic allocation of money and creating debt that is payed off by working people and the money goes to leeches and parasites...
whether its tax differed or a write off makes little difference...the core idea of real estate investing is parasitic...this is why homes in san francisco for example cost 1.000.000$
how every you look at it, no matter how many people have their net worth in it, it is a parasitic practice...
also banks prefer this speculative investment over investment in creating jobs for example...it is classic trickle up...
you are a leech  |
So who owns or supplies housing in crucifissio's make believe world? The government? Are you communist? And does this apply to other businesses you could potentially take a loan out for? Such as a grocery or liquor store, or anything else you buy in bulk to make a profit (aka leeching).
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“Nothing in this world can take the place of persistence. Talent will not; nothing is more common than unsuccessful men with talent. Genius will not; unrewarded genius is almost a proverb. Education will not; the world is full of educated derelicts. Persistence and determination alone are omnipotent.
― Calvin Coolidge
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