@deranged true. i was just tellin the op the theory behind it. Its all how u look at it, what ur values are etc. some people look at houses as a quick investment, some look at it as the place they're gonna live in till they die. Anyway u look at it, i wouldnt look at entertainers as financial role models.
deRaNged 4 Phuk'dup
Moderator
^^^Oh, ok, I misinterperated that you believed the same. I've heard financial advisors say you should rent/make payments on things to hold on to liquid assets for 'emergencies and investments", I just never understood the concept.
If I had 10M I'd spend 3M on a house flatout before I did a 10 year mortgage on a 1M house, because I din't know how my money would look in 10 years...but the sensible thing to do would be buy a 1M home over that 3M one. If I want a 3M home, I'd wait to get my money up and buy it cash, lol. But I guess that type of thinking is why I'm NOT a millionaire, lol?
If I had 10M I'd spend 3M on a house flatout before I did a 10 year mortgage on a 1M house, because I din't know how my money would look in 10 years...but the sensible thing to do would be buy a 1M home over that 3M one. If I want a 3M home, I'd wait to get my money up and buy it cash, lol. But I guess that type of thinking is why I'm NOT a millionaire, lol?
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