So dudes on the coli really think owning is more important than money lol.

[Cereal_Bowl_Assassin]

Delete

 

[GPBear]

see how valuable that money is if mega-inflation hits

land stays land

 

[Mike Nasty]

I’d say credit is more important than money. Plenty of people with money have poor credit.

I read this three times and it gets more confusing each time.

 

[Joe Budden]

I’m just here to hopefully learn something

 

[fifth column]

Cash is king, if you don’t have cash then you will miss lucrative bargain opportunities that can make you some more cash. For example if the market crash then you would be able to buy valuable stocks at a huge discount if you have cash.

 

[BunchePark]

Why not just get cash and get ya credit up you don't have to pick this ain't Celtics vs lakers nikka

 

[Ahadi]

They’re both important. But when you’re buying in cash is better than utilizing financing options (if you can)

These people today are buying 10K-20K over asking

 

[UberEatsDriver]

So people with cash, actually corporations, are giving up cash to own property.

You did not think this through.

No you didn’t think this through. Be stupid brehs.


Nikkas in the last thread basically saying you should rush to own something. Yes you can own something but you still ain’t going to be sh*t if you broke





just ask the folks who had to foreclose on their property

 

[UberEatsDriver]

I’d say credit is more important than money. Plenty of people with money have poor credit.

Thank you for proving that cash wins again. Rich people are able to get over on poor credit because of how much money they have.

 

[UberEatsDriver]

Assets that appreciate >>>>>> cash.

Whose is more successful?

the man who puts 100K down on appreciating assets or the man that puts 20K down?





cash wins again

 

[Zero]

I’m just here to hopefully learn something

It's not looking good breh

 

[King]

So people with cash, actually corporations, are giving up cash to own property.

You did not think this through.

That’s why you form an LLC

 

[Pressure]

That’s why you form an LLC

No you didn’t think this through. Be stupid brehs.


Nikkas in the last thread basically saying you should rush to own something. Yes you can own something but you still ain’t going to be sh*t if you broke





just ask the folks who had to foreclose on their property

You invest in appreciable assets because that allows your money to make more money for you.

If you purchased a home 12 years ago for 250k in Charlotte it's probably worth at least 450k.

You've now invested 150k for a 200k profit.

 

[C-NICE]

You invest in appreciable assets because that allows your money to make more money for you.

If you purchased a home 12 years ago for 250k in Charlotte it's probably worth at least 450k.

You've now invested 150k for a 200k profit.

Which in theory makes sense BUT you have to sell that home and if you live in that home you now have to buy in the same market you selling in

 

[TRUEST]

Op doesn’t know how to articulate his intuition but he is partly right.

if u use all the cash u have to buy a house, that wouldn’t be smart.

The trick is to have enough cash on hand that the expenditure of a 20% down payment on a house wouldn’t cause any type of financial hardship or discomfort.