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Seattle Bubble Forum Archive • View topic - Toothpaste for Dinner

Toothpaste for Dinner

Myth propagated by bitter ignorant renters, or statistical reality ignored by real estate professionals?

Moderators: synthetik, The Tim, Lake Hills Renter

Toothpaste for Dinner

Postby synthetik » Sun Mar 18, 2007 8:18 pm

Image
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What Orwell Forgot...

Postby Eleua » Mon Mar 19, 2007 12:34 am

Debt is Wealth.
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Re: What Orwell Forgot...

Postby JD@Preview » Mon Mar 19, 2007 6:31 am

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Postby biliruben » Mon Mar 19, 2007 11:17 am

"Sythetik[sic] sounds like someone who can't qualify to get in the game."

Dude. It's become painfully obvious ANYONE can qualify to get in the game. Even ultra-maroons who get snookered Kiyosaki.
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Postby Lake Hills Renter » Mon Mar 19, 2007 11:51 am

Kiyosaki cracks me up. He has a whole book/seminar for telling people the difference between an asset and a liability. I guess the sad thing is how many people don't know that.
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Postby JD@Preview » Mon Mar 19, 2007 12:58 pm

It *is* sad and the tragedy of it is that we fail to educate our kids in any kind of financial intelligence.. The mantra was and still is "go to school, get good grades, get a good *job*". Be somebody's employee and make them wealthy. Not that going to school and having a job are bad things but it sure is nice to do them on your own terms. I'd think that if you really knew the difference between asset and liability you wouldn't be making rental contributions to somebody else's prosperity. As for the all those "anyones" that can qualify, we'll see how long that lasts.
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Postby biliruben » Mon Mar 19, 2007 1:07 pm

"I'd think that if you really knew the difference between asset and liability you wouldn't be making rental contributions to somebody else's prosperity."

JD

I don't know why I should be surprised by someone who takes a mantra reminiscent of Orwell's 1984, and co-opts it as his financial mantra, yet doesn't see anything wrong with that, but you assumption is faulty; my mortgage contributions are contributing to someone else's prosperity not my rental contributions. At least 80% of it is.

My guess is that as soon as anybody can no longer qualify, my equity will be a lot less than Zillow now claims it is.
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Postby Lake Hills Renter » Mon Mar 19, 2007 6:18 pm

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Postby Alan » Mon Mar 19, 2007 6:44 pm

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Postby JD@Preview » Mon Mar 19, 2007 6:59 pm

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Postby JD@Preview » Mon Mar 19, 2007 7:03 pm

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Postby Lake Hills Renter » Mon Mar 19, 2007 7:14 pm

Last edited by Lake Hills Renter on Mon Mar 19, 2007 8:14 pm, edited 1 time in total.
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Postby Alan » Mon Mar 19, 2007 7:47 pm

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Postby JD@Preview » Mon Mar 19, 2007 10:45 pm

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Postby Lake Hills Renter » Mon Mar 19, 2007 11:01 pm

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