He isnt getting it........
No, he isn’t.
It is stunning what these far left loons think they know but don’t.
Stunning, I say.
This wealth envy the donkeys are so wrapped up in is amusing
- Thread starter Celticguy
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No, he isn’t.
It is stunning what these far left loons think they know but don’t.
Stunning, I say.
You don't know that, and neither you or the failing NYT has proven that he doesn't.
So if you default on your mortgage, do you get to keep the house? Yes or no?
80% of a one-room Alabama shanty ain't much.
You paid 80% of the house's value when you took out the mortgage?
What is the house worth, $750?
And it took you decades to pay off that remaining 20%?
Something is fishy here. Why do I get the sense you're not being honest or truthful?
Were you left the house in an inheritance? That is what it sounds like.
Please stop. Im getting embarrassed FOR YOU.
I suspect that they are unaware that the DNC released their latest nothingburger early because the Hunter-gate scandal is about to blow up, right before the first debate.
They would do anything to change the subject to Trump, wouldn't they?
It does. If you understood anything about real estate, you'd understand it.
If it's all you have, it's still your home. Be proud!
Look at all the trumpsexuals here who are suddenly certified public accountants. lmaoooooo!!!
Do you idiots know that write-offs provide clues as to assets owned? Do you know that loan-interest payments are tax-deductible, and that 15 years of carry-over losses (combined with a measley $400M income earned entirely from NBC over the course of severals years, the network who sued him) means he has no fucking liquidity.Even Trump himself told those interested in getting him to run when they approached him in 2014 and 15 that he was "cash poor" and cannot fund his own campaign. Since then, his licensing and branding money has depleted, and that's why he's over-leveraged with foreign loans who gouge with high rates, and are about to call in the $430M in debt he owes.
If all of that is true, he has no net assets.
Do you idiots know that write-offs provide clues as to assets owned? Do you know that loan-interest payments are tax-deductible, and that 15 years of carry-over losses (combined with a measley $400M income earned entirely from NBC over the course of severals years, the network who sued him) means he has no fucking liquidity.Even Trump himself told those interested in getting him to run when they approached him in 2014 and 15 that he was "cash poor" and cannot fund his own campaign. Since then, his licensing and branding money has depleted, and that's why he's over-leveraged with foreign loans who gouge with high rates, and are about to call in the $430M in debt he owes.
If all of that is true, he has no net assets.
I owe 200K on one worth $650,000 and one free and clear at $1,100,000 according to zillo.
Hey, that makes me richer than Trump!
So...there are a few questions I have:
1. You put 80% of the house as a downpayment?
2. Were you actually left the house by someone who died, and they still had 20% of the mortgage left over? So you just refinanced that remaining loan balance? That's what it sounds like you did.
3. The house's value must be in the toilet if you were able to put 80% down...but it sounds like you're not being truthful here. It sounds like you inherited the house and just refinanced the remaining balance on the mortgage. That's not accumulating wealth, BTW.
A house with a mortgage does accumulate wealth for the owner.
When a home is sold the bank recoups their mortgage and the rest belongs to the owner.
I used my mortgage as an example of how debt can accumulate wealth since you are too ignorant to understand how the president uses it.
Where is my tutorial fee, cono?
Quote Originally Posted by Earl View Post
It’s my home now since the mortgage was repaid two decades ago.
At least paint that old shack...I can't imagine the squalor of the hovel this person lives in.
I can imagine the nigger shack you live in. Here's one of you and your family.
If you default on your mortgage, do you get to stay in the house?
I suspect that they are unaware that the DNC released their latest nothingburger early because the Hunter-gate scandal is about to blow up, right before the first debate.
They would do anything to change the subject to Trump, wouldn't they?
I'll make sure not to voter for Hunter Biden then, you dumb twat.
Lol
Better to inherit than not inherit, though. 20% down is what you need to avoid PMI. maybe Earl had it backwards? Who puts 80 down, just buy outright.
My cat has more liquidity than Trump does.