Tony Yayo calls Vlad the dumbest MF on the planet for spending 180K a year on rent

Solomon Lurke

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For more context since I know most won’t watch. Glad says it was a period of time he spent that amount in rent to basically be in the mix. He believed at the time the additional money to buy a house would be better served investing. He claims that strategy worked and later bought a house. Yayo is arguing he could live in Florida or somewhere for way less but Glad keeps stating he wouldn’t have been able to get the interviews he needed to grow at that time not being in the mix. Yayo doesn’t seem to comprehend well or just continues to talk his point without listening.
 

Prodyson

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This idea that people are “taking the money saved from renting to invest in the stock market” is laughable. And that’s IF you’re actually saving money. MOST people are not consciously doing that. They’d probably invest the same amount either way… but it sounds good. Not to mention, a lot these places they’re renting have exorbitant Renter’s Association fees that they pay on top of rent for amenities that half of them barely use.

In a lot of instances renting will just cost more, especially if you bought in a buyers marker. I lived in my last house for 8 years and only had one major repair and that was covered by homeowners insurance.
 

Ezekiel 25:17

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This nikkah 45 and got a pooh shiesty on

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karim

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For more context since I know most won’t watch. Glad says it was a period of time he spent that amount in rent to basically be in the mix. He believed at the time the additional money to buy a house would be better served investing. He claims that strategy worked and later bought a house. Yayo is arguing he could live in Florida or somewhere for way less but Glad keeps stating he wouldn’t have been able to get the interviews he needed to grow at that time not being in the mix. Yayo doesn’t seem to comprehend well or just continues to talk his point without listening.
You don't need to pay 180k a year to be "in the mix", that's what Yayo is calling him out for.
 

trapnerd

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Yayo is right. If Vlad bought that house when it was 8 million, its at least 1.5x the value today.
Vlad is so rich that he's gotten out of touch with the average person who rents out of necessity.

You can’t say the for sure. People lose money on multi million dollar mansions all the time.

Plus some people don’t like being tied down to one property for so long. Who knows if vlad planned on living in that house for 10+ years. He might have planned to be there 2 or 3 years, and didn’t want to take the gamble on the market in that short amount of time.
 

GunRanger

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Yayo is right. If Vlad bought that house when it was 8 million, its at least 1.5x the value today.
Vlad is so rich that he's gotten out of touch with the average person who rents out of necessity.
Vlad also jumped to a 5 million dollar house as an example when it's an absurd leap. Yayo was definitely right.

Long term renting at that high rate isnt wise.
 

Solomon Lurke

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You don't need to pay 180k a year to be "in the mix", that's what Yayo is calling him out for.
I agree but also that wasn’t the core of Yayo’s argument. Yayo kept bringing up he could live in places like Florida. Also who are we to say that the “status” of where he lived didn’t help his situation. Ultimately, he had it to spend and worked out for him. Would I do it no, but I’m also not just moving somewhere I don’t want to be just cause it will cost me less.
 
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