Quote from: Bulldagger on December 13, 2017, 05:27:13 PM
Quote from: XXX. on December 13, 2017, 05:19:21 PM
Quote from: Bulldagger on December 13, 2017, 05:10:57 PM
This is why they took a loan for their mortgage. lol. How is Jay Z going to educate me about business when he's a failed business man that is solely still relevant because of his wife, whose popularity is dying?
Do you know anything about finances?
Just because you're rich, it's not smart to always purchase everything flat out. That's money management rule #1.
Learn something.
https://billionorbust.co/52-million-mortgage-might-smart-move-jay-bey/
QuoteI work with lots of ultra high net worth individuals (in finance) and I can promise you? Promise you they aren?t paying anywhere near 4% on that mortgage. Due to what i?m sure is a very complex investment relationship with their bank they?re probably getting the mortgage at 2 1/2%. MAX. It?s good business to leave that money in the market and I?m sure the bank is appreciative as well.
I love seeing people start from the bottom and make such successes of themselves.
http://variety.com/2017/dirt/real-estalker/jay-z-beyonce-bel-air-compound-1202538487/#article-comments
Basically, you don't know shit!
They don't have the money....
why take out a loan for things you can clearly afford? Do they plan to default at some point? Sounds like they're living above their means...
You asking this proves you don't know shit about finances. Stick to Billboard.
Buying flat out vs. leasing/mortgaging is all about the investment. A rich person is more likely to lease a car or pay a mortgage on something that will depreciate in value. But if Jay-Z buys some 1985 Rolls Royce, he is likely to purchase that flat out. Why? Because it will increase in value as the years go by. Like a Picasso or a DaVinci. Rich people are usually only buying anything straight out (if they're smart) if the value is expected to increase over the years. That is called an investment. You following?
Being rich and having real wealth is all about taking a route that will make you the most money.
Also, rich people usually tend to have amazing credit. So, guess what? Any lease or mortgage they are getting will be at the lowest possible interest rate. Therefore, it is a benefit to just make payments as opposed to have all your cash tied up in some property that will probably depreciate in value, and you might not even be staying there forever.
QuoteIn their home countries (including the U.S.), the wealthy rarely ever pay for the homes in full, particularly in a low interest rate environment. As of September, 2016, the 30-year fixed rate mortgage stands at 3.58%. Those with good credit and significant assets can often negotiate for an even lower rate. Taking on a mortgage frees up the cash that can be invested, though usually in their own businesses, not the stock market. As long as the investment returns covers the mortgage (i.e. earning a positive spread), taking out the mortgage is a good financial decision.
You talk a lot of shit without being able to back it up.
Just shutup.
