I never posted anything about Trump not owning the tower. I ASKED if he owned it. Now Denny says debt is good. A libertarian says debt is good.
Of course not. Ask all the people who owed 400 grand on a 200 thousand dollar house in 2010. I'd have bought all of the ones in my old neighborhood that year if I had the money.
I've always said it's fine for government to borrow to build bridges and roads and such. They issue bonds to borrow the money and pay interest and principle until the bonds are paid off. There's an actual asset there in the form of a bridge or road. Borrowing to pay for food stamps? Turns to shit. Get it? I'm not saying to get rid of food stamps, just to pay for it without borrowing.
You posted how he owed some god awful huge amount of money on it. I asked how much it was worth which is the Only question that matters when it comes to debt. Buy a new car, bad debt. Buy an old house and fix it up and make money...good debt. Not hard to understand.
Scroll up and look at the first post. And ask how many homeowners had "good debt" when the economy tanked.
Perfect example is all my broke co-workers. They pay exorbitant prices to the tool salesmen because they'll take payments. I tell them as long as they're paying 3 times the value of the tool they'll always have to make payments because they'll never have any money. I pay cash for any tool I'd ever need.
Sure. If you own an asset and it goes to $0, you lose. If you hang on and it goes back up (like real estate did), you'll end up making money. Example: $400K house in Vegas. Went to $650K during the boom. Went to $200K during the crash. Sell then and you're fucked. Keep paying the mortgage, or rent it out, and you're not bankrupt. That house today is worth $500K, and your mortgage is 10 years closer to paid off.
We moved to Vegas. Told the wife (then girlfriend) that houses cost too much and we should rent. She'd made 50 grand on a house in Vancouver and HAD to buy something here. I argued with her but it was her money and in her name. I gave in as usual. In 2009 she stopped paying the mortgage and filed bankruptcy. I bought a bigger better house in my name and we made 80 thousand on it when we sold it 2 years ago. I wouldn't have even bought that one at that time if not for her input. I'd have held off but risked losing out if it jumped back up. I only bought about 10 months before it hit bottom. Not too bad.
The house she could afford in 2006 was in the ghetto. Walked away, didn't pay on it for a year rent free and then got money on the mortgage settlement from Catherine Cortez Masto and Nevada. The neighbors we moved next to after bought new at the peak, paid cash I think and loved the house and the neighborhood. It went down but it is back up pretty good. Not peak of course.
It's not my fault people with 4 kids and 65 grand TOTAL family income bought 400 thousand dollar homes on adjustable rate mortgages. If I was the type of guy to make women do what I want I'd have bought in 2010 at 275-300 grand on a 15 year fixed and be half way done and way closer to retirement.
A lot of players are not, in fact, American. Maybe not so much NFL but NBA, MLB, NHL for sure. They have for years shown respect to an anthem not theirs. But they are not "American first".
They never were able to before. Who made it so people with 620 credit could get 100% financing? Who created Stated Income Loans? Who created Adjusted Rate Mortgages? Who created derivatives? Exactly. It wasn't one person who "benefited" from them.
Trump had 10 tweets over the weekend aimed at sports leagues and bashing NFL players for taking a stand for equality and social justice. He also had 0 tweets on Puerto Rico; a U.S. territory with U.S. citizens, suffering the after effects of a devastating hurricane that caused flooding, a dam to fail, and may leave them without power for months and up to a year.
Joe Mixon - caught on camera abusing his girlfriend Tyreke hill - plead guilty to domestic violance Greg Hardy - Beat the shit out of his GF and the Cowboys signed him AFTER all the photos and shit leaked Adrian Peterson - beat his kid so badly he had to take him to the ER Jamis Winston - Huge case surrounding him alleged raping a girl was still drafted #1 overall Tyler lockett - was facing domestic voilance charges when drafted in the 3rd and thats just off the top of my head.
