Clown-Free Zone... sorry, no clowns allowed Message Board

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Pastimes : Clown-Free Zone... sorry, no clowns allowed

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

To: Tradelite who wrote (145694)	1/23/2002 6:00:10 PM
From: reaper	Read Replies (3) of 436258

<<Sorry, but the money people bring to a real estate transaction (THEIR money, not the loan) is real money, earned and saved by someone>> THE MONEY TO BUY THE HOMES (your words) is NOT the pittance 10% down payment that people bring to the table. The money that buys the homes is the BANK's money. What is driving $1mm condo prices in Boston's South End is NOT the fact that I have $100k to put down on the house; it is the fact that FleetBoston was friggin' stupid enough to give me $900k to complete the transaction. Why can you not understand this? My $100k means nothing; I am 9:1 leveraged. The ONLY reason I was able to complete that transaction is due to CREDIT availability (money created in thin air), not the money that I "earned". Cheers

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next