Wow, you are so good. A loan is a liability to the borrower and an asset to the lender. Just like that, huh?
So what if I borrow money and buy stock? Is the loan still a liability? And how about the stock? Is it a liability too?
Essential Economics for Politicians
- Thread starter Bruddah IZ
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- finance too
So what if I borrow money and buy stock? Is the loan still a liability? And how about the stock? Is it a liability too?
Multi Sport
DA
Funny how Messy is talking about paying off his loan and selling his home. What I want to know is he viewing his home as an investment or his place of residence? If it's an investment and he sells it what money is he using to buy his next investment to live in? It's a 2800' house so will he be downsizing and moving to a less desirable area to be able to pocket some profits or does he think his home was the only one thst went up in value?
Multi Sport
DA
What was your original loan amount on the current 15 year?
Bruddah IZ
DA
The simulation always works to his advantage.
All 100% valid points. What I’m doing is explaining to Iz the financial benefits of owning a house in a desirable area, so that you can consider those options. I don’t think he understands.
Multi Sport
DA
I think he understands location just as much as you do.
How much was your original loan amount again?
Bruddah IZ
DA
Nothing wrong with validating your liability.
Proving my point...
He doesn’t. He thinks a house is a liability, as if I lived where he does. My last loan amount was like 650 or something.
Gopher was digging in the lawn, nice short swing with a wedge and " Messy " was his new name !
What’s a nickle?
Bruddah IZ
DA
Paying your mortgage makes a point.
Bruddah IZ
DA
Lol!
You mean like when America Was Great? What were the tax rates then?
Sheriff Joe
DA
Woe!
That’s your answer? Should I repeat the question? When do you think Trump refers to when he says “Again” and what were the tax rates?
Sheriff Joe
DA
I checked and Woe was my answer. 1941 is the date I checked.