I prefer my government name RBG.Official: listen man, just as homes appreciate they can depreciate, you can lose money too, ESPECIALLY if you don't know what you're doing. so that equity you built...gone. bottom line, i mortgage is a burden! why take on the stress, why live in one place for so long? why pay the interest, the maintenance fees? rent! there are better things, more reliable things to put your money into. again, how you live is way more important than where you live...nobody cares if you own or rent. an example-- a hypothetical if you will. scenario one: everyone owns their house, great. but that's it. they pay (to be fair 25% of their income on it) however, they're stuck... in a deteriorating home...under a stressful loan...in that city...in that school district...with those neighbours...with that obligation...with the maintenance costs...for 30-something years...basically, between a rock and a hard place. scenario two: people rent, from the white man even. they pay 30% of their income on rent. yet they're free from the homeowners burdens. they have options. their quality of life is a bit better... and for that i say they're wealthy(er). so, it all comes down to two things:1. opportunity costs; like i said before, you have to ask yourself are the troubles and heartache that come with homeownership or rather buying a home... that you can't afford to buy upfront worth the benefits of renting that you give up?2. political capital that amasses from putting your money in better-suited, more fruitful places. your child and their children will benefit more from a black bank, or, God forbid, real black communal wealth than they would with a house or piece of real estate. Black: you'd be surprised what percentages of a person's income they pay on their mortgages. i i didn’t elect to become a lawyer for its prestige, i feel i'll have a bigger voice if i'm an esquire than i would otherwise
I have a question and since I am the most influential poster on this damn board, I want you people to pay attention to what I have to say.How risky is it to start your own practice and what do you think about it in general? Would you guys ever do it? Thanks in advance for the copious suppy of thoughtful responses that will undoubtedly ensue.
reign/HBCUwhat kind of practice?
BP,did you bring that file?reign/HBCUwhat kind of practice?
Official: listen man, just as homes appreciate they can depreciate, you can lose money too, ESPECIALLY if you don't know what you're doing. so that equity you built...gone. bottom line, i mortgage is a burden! why take on the stress, why live in one place for so long? why pay the interest, the maintenance fees? rent! there are better things, more reliable things to put your money into. again, how you live is way more important than where you live...nobody cares if you own or rent. an example-- a hypothetical if you will. scenario one: everyone owns their house, great. but that's it. they pay (to be fair 25% of their income on it) however, they're stuck... in a deteriorating home...under a stressful loan...in that city...in that school district...with those neighbours...with that obligation...with the maintenance costs...for 30-something years...basically, between a rock and a hard place. scenario two: people rent, from the white man even. they pay 30% of their income on rent. yet they're free from the homeowners burdens. they have options. their quality of life is a bit better... and for that i say they're wealthy(er). so, it all comes down to two things:1. opportunity costs; like i said before, you have to ask yourself are the troubles and heartache that come with homeownership or rather buying a home... that you can't afford to buy upfront worth the benefits of renting that you give up?2. political capital that amasses from putting your money in better-suited, more fruitful places. your child and their children will benefit more from a black bank, or, God forbid, real black communal wealth than they would with a house or piece of real estate.
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