The difference between investment and consumption.
ODELL
Comments
yeah we are so brainwashed by consumerism that we confuse indulgence and investment
i dont agree with u sal when u said that spending $100000 on items like granite counter tops etc will not make any collective contribution to society. Think about a person who who deals in granite business dont u think his business will flourish when you are spending money on these features of the house. that business will do flourish and he may be able to contribute positively towards society when lets say.. he pay bonuses to employees working in the granite sector.
I’m definitely happy renting right now vs owning a home mortgage. But I would imagine that you could get some damn good deals out of this mess if you have the money on hand to buy a house. Financing is obviously not going to happen too easily.
Lol, your wife must not like this video. I’m most certain in the back of her mind she would like that kitchen with the granite counter tops and the wooden floors.
Debacle: THAT’S for sure.
Recently I invested some money in a CD Account. I have no idea what’s happening with it now.
I read a report by a financial writer, who said renting is better than buying right now.
Do you think that’s true?
Very egalitarian ideas that you resolve on. Yes, the bubble was constructed on social ideas of egalitarianism but ended with America’s brokers once again searching for unlimited wealth. Promising a dream of homeownership is evil, but falsifying profits on a proven bad security concept from the original savings and loan bailout is simply criminal.
