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Originally Posted by OneHungLo
Tommy the value of the property fluctuates and is unimportant in the short term.
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i would tell that the millions of house owners who lost their property in the real estate crisis.
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What is important is the debt service being covered by income. I'm not talking about buying a house and living in it, I'm talking about investment properties where the renters pay my debt service, maintenance, property taxes etc. The debt is sustainable by others.
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here we go.
in a financial crisis you will not be able to cover it with FUTURE income because in such a periode all previews are just fog.
so if you take debts in a good time and you can not guarantee those debts with anything else as the investment you bought you are fucked.
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Tommy your problem is your babbling on about shit you're clearly clueless about. What the fuck are you going on about I can't move my real estate to another country?
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i think I have a few more clues as you do because I am in economy scientific since nearly 40 years.
there was a time when a house or a piece of land in detroit was 50 times more valuable as it is now. an investor with "mobil assets" can simply move them and will not lose anything. how can you do that with a piece of land in detroit?
the same thing happens to the complete country because the debts are not secured. even the countries assets arenīt secured because there is no value in 20 year old tomahawk missiles what are part of the us assets.
the country is financially fucked and the really big boys know that and invest the money they still can make inside the US (as long as banks will give consumer loans) outside from the country. if you take the global activities from US companies out of this game the USA is already poorer than bangladesh.
trump makes you think that america can live without this global market and cuts every tie what was holding the us economy over centuries.
he fucked already big chances and he will fuck more of them and that will inspire companies to move to the markets what they canīt reach.
so what you will see in the future is the OPPOSITE of what your "stable genius" is telling you. I do not even say that he does that on purpose. he is just that stupid that he sees the world only from his perspective and he is so arrogant that he thinks that the world will spin around him.
when the day will come when USA have to declare bankruptcy you have only 2 choices left:
1. go into a war against the world what you can not win or
2. being sold to china
however this can not have a good final - all logic speaks against it.