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Az88
Stranger
Registered: 05/04/20
Posts: 88
Loc: Texas
Last seen: 3 years, 1 month
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Re: What is your personal wealth goal? [Re: Kryptos]
#26665460 - 05/11/20 09:17 PM (3 years, 8 months ago) |
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Quote:
Kryptos said: Yeah, whenever someone says "the growth curve is exponential as long as you keep the momentum"...you're probably joining an MLM.
Compound interest begs to differ
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stubb
Dahg Rastubfari



Registered: 03/23/19
Posts: 1,310
Loc: Memory
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Quote:
Vigilantevendetta said: UPGRADING the properties?
I mean, IME that's exactly what slumlords do. They buy up lower income housing inventory, "upgrade" them, and double the rent or cash out the equity.
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ππ΄π
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Ώ You wake up. The room is spinning very gently round your head. Or at least it would be if you could see it which you can't. It is pitch black. > TURN ON LIGHT
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Az88
Stranger
Registered: 05/04/20
Posts: 88
Loc: Texas
Last seen: 3 years, 1 month
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Re: What is your personal wealth goal? [Re: stubb]
#26681296 - 05/19/20 02:41 PM (3 years, 8 months ago) |
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Quote:
stubb said:
Quote:
Vigilantevendetta said: UPGRADING the properties?
I mean, IME that's exactly what slumlords do. They buy up lower income housing inventory, "upgrade" them, and double the rent or cash out the equity.
How can you say thatβs a slumlord? What do you call homeowners who buy older properties and fix them up? Homeowners gentrify neighborhoods pushing out lower income people just as much, if not much more, than landlords do.
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hogstomper
Strangler



Registered: 03/11/05
Posts: 100
Last seen: 2 years, 2 months
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Re: What is your personal wealth goal? [Re: Az88]
#26704906 - 05/29/20 03:06 PM (3 years, 7 months ago) |
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No idea, but my pathetic goal is to buy three more houses (in addition to the one I own)and rent them out. Then live on my school bus and therefore not have to work so very much. Though with this pandemic I'm really not working at all.
-------------------- no justice no peace. black trans lives matter.
Edited by hogstomper (05/29/20 03:06 PM)
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blckmynnse8
Stranger

Registered: 04/19/11
Posts: 206
Last seen: 5 months, 26 days
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Re: What is your personal wealth goal? [Re: hogstomper]
#26711276 - 06/01/20 11:16 AM (3 years, 7 months ago) |
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Houses may become very cheap in the not too distant future for sure. Your challenge will probably be finding suitable tenants.
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Darwin23
INFJ



Registered: 10/08/10
Posts: 3,277
Loc: United States
Last seen: 1 day, 14 hours
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Re: What is your personal wealth goal? [Re: Asante]
#26735702 - 06/10/20 11:00 PM (3 years, 7 months ago) |
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My only goal is to make enough so that my kids don't know what it's like to be poor
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Take a look at my journal
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Kryptos
Stranger

Registered: 11/01/14
Posts: 12,262
Last seen: 1 hour, 19 minutes
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Re: What is your personal wealth goal? [Re: Darwin23]
#26797343 - 07/01/20 03:58 PM (3 years, 6 months ago) |
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Quote:
Darwin23 said: My only goal is to make enough so that my kids don't know what it's like to be poor
This is why I use birth control.
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