Comment on Borrowing money against their stuff to get more stuff to borrow money...
Buelldozer@lemmy.today 5 days ago
Yachts and mansions are depreciating assets. You aren’t borrowing against those and then passing them along as an inheritance.
Comment on Borrowing money against their stuff to get more stuff to borrow money...
Buelldozer@lemmy.today 5 days ago
Yachts and mansions are depreciating assets. You aren’t borrowing against those and then passing them along as an inheritance.
WoodScientist@lemmy.world 5 days ago
The yacht, sure. The mansion…Are you seriously trying to argue that real estate, literal land, isn’t a long-term valuable asset? There is literally no asset in existence with a better long-term value proposition than land.
JasonDJ@lemmy.zip 5 days ago
My grandpa used to say to buy land because they ain’t making any more of it.
Clearly he’s never been to a major coastal city.