Quote:
Originally Posted by TheSquealer
He's got a lot to process. It seems that he's only just now learning that real estate investing is about cash on cash return and leveraging against equity to use other peoples money and minimize the total cash outlay and to maximize ROI... and seems to think that borrowing against equity which countless millions of people do each year is a "ponzi scheme".
|
Its not "other peoples money" they are borrowing, they print it out of thin air...punch numbers in a computer...negative gearing...you would have to understand basic economy to know why this is bad...but you dont...