Home Ownership and Wealth Building

[Muse]

I think it is.... 

[HBCU.EDU]

yo - Official - I have to ask: Is that a gold chain?

Dayum...it is a gold chain man.

[blk_reign]

that explains it all

yo - Official - I have to ask: Is that a gold chain?

Dayum...it is a gold chain man.

[_BP_]

that explains it all

yo - Official - I have to ask: Is that a gold chain?

Dayum...it is a gold chain man.

Again you guys are showing your closed-mindedness.  Official is very concerned with mobility.  He just figured why invest in stocks of companies that have fixed locations, when he could  have the ultimate mobile investment.  So to you guys it's a gold chain, to Official it's a well constructed investment strategy in gold commodities

[Statistic]

Again you guys are showing your closed-mindedness.  Official is very concerned with mobility.  He just figured why invest in stocks of companies that have fixed locations, when he could  have the ultimate mobile investment.  So to you guys it's a gold chain, to Official it's a well constructed investment strategy in gold commodities

please... he looks like one of those low budget rappers on BET's Uncut.

I know Fat Joe wants you to lean back, but damn...

[MsJay9]

Msjay, you’re right, my family did rent… until they could afford to, and it was the right to, buy a home; we got three now. 


Anyway, I can only assume that I presented the argument poorly, as it is not really as controversial as you make it out to be. Economists have been saying this for years.

It’s my fault though, i should have realized that I can’t discuss this with non-economists and closed-minded people without backing it up.


So, listen to the economics editor of the Economist Magazine, this Harvard economist, and another smart economist touch on what I failed to get across.

http://www.npr.org/templates/story/story.php?storyId=4624307&sourceCode=RSS


http://www.npr.org/templates/story/story.php?storyId=4531732




I’m going to get some numbers for y’all too.

Be easy.

Wow....how did I make it out to be controversial....I was just commenting on your line of thinking. I think you are the one who seems closed minded.  I consider myself open minded, but even if I didn't I think that closing off the ideal of owning a home would definantly be closed minded.  I find it a little hard to believe that anyone who comes from a family that owns 3 homes would be advocating for renting.  If your parents own three who's living in the other two...Are they renters? B/c if they are and you parents are using that as investment property then they are making a profit from the renters just like your landlord is profitting from you paying rent. 

But don't let me stop you from wanting to rent, I'm going to need people who think just like you to live in the units that I will rent.  This way the renters can pay off my properties mortgages at a faster rate and make them all profit properties. 

[blk_reign]

Exactly MsJay... exactly

But don't let me stop you from wanting to rent, I'm going to need people who think just like you to live in the units that I will rent.  This way the renters can pay off my properties mortgages at a faster rate and make them all profit properties. 

[MsJay9]

Exactly MsJay... exactly

But don't let me stop you from wanting to rent, I'm going to need people who think just like you to live in the units that I will rent.  This way the renters can pay off my properties mortgages at a faster rate and make them all profit properties. 

   Ok I just read your avatar and I am over here ROFLMAO....I almost spit out my water! 

[blk_reign]

 

   Ok I just read your avatar and I am over here ROFLMAO....I almost spit out my water! 

[_BP_]

You guys...haha