Originally Posted by thommy (Post 22416260)

there was a good artice i was reading this days about the difference between poor, middle class and rich.

unfortunatly i can not find the page anymore but in short it is like this:

poor people

a. they exchange time for money
b. they busing things what they don´t need but can afford (the 99 cent table)
c. they do not (can not)save money

middle class:

a. have a good income but mostly want to be more as they are. thats why they
b. put their money in luxury goods and buy liabilities (leasing bigger cars as they can afford, going at the credit card limit every month)

rich people:

a. earn from values and not from time or work
b. reducing liabilities
c. everything they buy have to make them more money

so if you get a loan to buy something that makes you more money as the interest you pay for - this is not really a loan this is a financed investment.

this is also the reason why you really CAN help an economy with debts but as soon as the interest is more than the benefit it is a one way road.

Originally Posted by OneHungLo (Post 22417157)

That's not what you were arguing with me in my real estate thread. Funny now it's a "financed investment."

Glad I could educate you on good debt and bad debt.

You're welcome, Tommy.

Originally Posted by thommy (Post 22415596)

According to this survey, 56% of Germans now consider the usa to be the greatest threat to world peace.

In 2017, it was still 40% and only 14% believed that 2014

I would say: good bye partners

Originally Posted by OneHungLo (Post 22416088)

Originally Posted by klinton (Post 22417515)

Germans being asked in surveys who is the biggest threat for the world peace???

god damn things changed in this world :1orglaugh:1orglaugh:1orglaugh:1orglaugh:winkwink: :winkwink:

Originally Posted by thommy (Post 22417556)

what is so unusual on that?

every future plan depends on knowing what people want, don´t want and what they are feared from.

Originally Posted by thommy (Post 22417512)

i never denied that.
the opposite is the case as I always said the best long term money invest is real etstate because land i definately limited.

the problem in real estate is when people using all their credit to jump into a market what is overheated. even when you still can pay back your loan there is a big chance that you lose your real estate when the value drops as the bank will only finance a % of the value.

I also told you in this discussion that real estate is NOT YET the problem but car industry is. and as you see now i was right with my prediction.
real estate will drop at the end of this year or beginning of next year.

Originally Posted by OneHungLo (Post 22417629)

Oh just fuck yourself right off Tommy. You were berating me in that thread telling me I was an idiot and would never invest in realesate. I totally owned you and you scurried away.

Now you're all for it? hahahaha

God if I didn't have anything better to do I would dig up that thread and rub your nose right in it.

Originally Posted by Bjorn_Tasty1 (Post 22417490)

https://media.karousell.com/media/ph...3_6926eae5.jpg

great book

Originally Posted by thommy (Post 22417762)

don´t fuck around - post the thread and SHOW IT !!!

in this thread we where talking about FINANCING real estate not about investing in real estate in general.


so come one show it !!!!