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Strategies & Market Trends : The Residential Real Estate Crash Index -- Ignore unavailable to you. Want to Upgrade?

To: neolib who wrote (99097)	1/5/2008 9:52:16 PM
From: Elroy Jetson	Read Replies (1) \| Respond to of 306849

If wishes were fishes, beggars would ride. The reality is, if a fellow with a "great idea" went to a bank to obtain a loan to develop his "great idea" he'd quickly find out that loans are not available for that purpose. If the same fellow went to a venture capital group, he may find funding, if his idea was actually that great. - But he'd discover they want an equity position in his business in return for their money. Loans are primarily used by people to buy homes they can't actually afford or to allow Blackstone to do a leveraged buy-out of Hilton Hotels so they can milk the business while they run the chain into the ground. The myth of "the magic of debt" in economic progress is hugely over-blown. .