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05-01-2017, 08:42 PM
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#26 | | I keep RS good
Join Date: May 2001 Location: Cosmos
Posts: 28,720
Thanked 5,581 Times in 1,516 Posts
Failed 869 Times in 293 Posts
| Quote:
Originally Posted by Great68  You can still extract value from living in your house.
You can't live in a gold bar. |
actually I live in a gold bar.
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05-01-2017, 08:46 PM
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#27 | | My AFC gave me an ABS CEL code of LOL while at WOT!
Join Date: Jun 2013 Location: Van
Posts: 1,805
Thanked 1,731 Times in 649 Posts
Failed 104 Times in 37 Posts
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Originally Posted by zyzzjr Nopes. House prices are going to the moon my friend.  | Up 2?
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05-01-2017, 08:55 PM
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#28 | | RS has made me the bitter person i am today!
Join Date: Nov 2010 Location: /
Posts: 4,928
Thanked 2,647 Times in 1,021 Posts
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| Quote:
Originally Posted by Ulic Qel-Droma dude that's pretty dumb.
that's like saying if i bought a gold bar for 1000 bux, and the market price is 500 bux now, i don't lose anything until i sell it for below 1000 bux. | Maybe he's only assuming that most people own one home? I see it how you see it. At the end of the day the Asset is worth $500 bucks but the Liability is $1000
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2022 Velo N
2005 S2000
2007 CSX Type-S [Sold]
2002 RSX-S [T-Boned]
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05-02-2017, 01:28 PM
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#29 | | HELP ME PLS!!!
Join Date: May 2002 Location: vancity
Posts: 5,734
Thanked 722 Times in 364 Posts
Failed 40 Times in 26 Posts
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It's dumb to buy a house to flip it. If you lose money if the housing market crashes, then that's the risk that was assumed if you're going to play the game.
If you buy a house to live in it. Sure, you may have paid a bit more, but in the long run, the housing prices will recover over a 20 year period. As the prices in the 80s/90s have shown.
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05-02-2017, 07:33 PM
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#30 | | 14 dolla balla aint got nothing on me!
Join Date: May 2013 Location: Richmond
Posts: 619
Thanked 676 Times in 228 Posts
Failed 45 Times in 27 Posts
| Quote:
Originally Posted by DragonChi It's dumb to buy a house to flip it. If you lose money if the housing market crashes, then that's the risk that was assumed if you're going to play the game.
If you buy a house to live in it. Sure, you may have paid a bit more, but in the long run, the housing prices will recover over a 20 year period. As the prices in the 80s/90s have shown. | Can you please explain why it's dumb to flip houses???
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05-02-2017, 08:00 PM
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#31 | | I subscribe to Revscene
Join Date: Apr 2012 Location: Vancouver
Posts: 1,996
Thanked 663 Times in 384 Posts
Failed 2,489 Times in 834 Posts
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No one know when the next crash will happen... but the scripts for such times could be written in classic cartoons or movies for all we know... like this Ducktales cartoon.
[IMG]So I�m watching the episode, Blue Collar Scrooge, and they actually have a parody of Donald Trump called �Mr. Trumpcard� a shrewd businessman from overseas that Scrooge initially wants to aspire to with his maximized profits from cheap labor. Scrooge then gets amnesia and becomes a worker at his own factory, only to learn firsthand just how horrible cheap labor is."[/IMG]
Blue Collar Scrooge
Synopsis
"Scrooge gets amnesia and gets a job at one of his own factories. There, he is outraged by the working conditions at McDuck Industries and convinces the workers to go on strike. "
dailymotion.com/video/x54ojlh_ducktales-3x11-blue-collar-scrooge_tv]DuckTales
A house of cards comes falling down when Trump calls...
Picking out trash for food
Living in trailers
3rd grade food (one grade higher then dog food) | |
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05-02-2017, 08:29 PM
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#32 | | WOAH! i think Vtec just kicked in!
Join Date: Jun 2002 Location: richmond
Posts: 1,657
Thanked 1,830 Times in 233 Posts
Failed 75 Times in 36 Posts
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05-02-2017, 08:38 PM
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#33 | | Willing to sell body for a few minutes on RS
Join Date: Aug 2004 Location: Duncan, BC
Posts: 10,127
Thanked 5,568 Times in 2,107 Posts
Failed 231 Times in 90 Posts
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05-02-2017, 08:55 PM
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#34 | | Willing to sell body for a few minutes on RS
Join Date: Jul 2001 Location: Cloverdale
Posts: 11,580
Thanked 3,789 Times in 1,349 Posts
Failed 83 Times in 42 Posts
| Quote:
Originally Posted by CharlesInCharge No one know when the next crash will happen... but the scripts for such times could be written in classic cartoons or movies for all we know... like this Ducktales cartoon.
[IMG]So I�m watching the episode, Blue Collar Scrooge, and they actually have a parody of Donald Trump called �Mr. Trumpcard� a shrewd businessman from overseas that Scrooge initially wants to aspire to with his maximized profits from cheap labor. Scrooge then gets amnesia and becomes a worker at his own factory, only to learn firsthand just how horrible cheap labor is."[/IMG]
Blue Collar Scrooge
Synopsis
"Scrooge gets amnesia and gets a job at one of his own factories. There, he is outraged by the working conditions at McDuck Industries and convinces the workers to go on strike. "
dailymotion.com/video/x54ojlh_ducktales-3x11-blue-collar-scrooge_tv]DuckTales
A house of cards comes falling down when Trump calls...
Picking out trash for food
Living in trailers
3rd grade food (one grade higher then dog food) | Yeah that or maybe young college student........
Shit goes crazy when......
They try and....... Maybe not work safe? I don't know
He be like.....
Yeah I know it don't make much sense but for some reason it seems like it belongs in this thread. To be continued or if you wanna follow along I suggest downloading the classic, "Fritz the Cat".
__________________
The world ain't all sunshine and rainbows. It's a very mean and nasty place... and I donīt care how tough you are, it will beat you to your knees and keep you there permanently, if you let it. You, me or nobody, is gonna hit as hard as life. But ain't about how hard you hit... It's about how hard you can get hit, and keep moving forward... how much you can take, and keep moving forward. Thatīs how winning is done. Now, if you know what you worth, go out and get what you worth. - Rocky Balboa | |
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05-02-2017, 09:03 PM
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#35 | | HELP ME PLS!!!
Join Date: May 2002 Location: vancity
Posts: 5,734
Thanked 722 Times in 364 Posts
Failed 40 Times in 26 Posts
| Quote:
Originally Posted by kr4l Can you please explain why it's dumb to flip houses??? | There's clearly a market for it, and is making a lot of money for people. So I wouldn't say flipping houses is dumb. Just like buying a cheap car and reselling it on the market at the appropriate price. 
It's dumb to buy a house to flip and if the housing market crashes, then bitch about it for losing money. That's dumb.
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05-03-2017, 10:06 AM
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#36 | | they call me the snowman
Join Date: Apr 2001 Location: online
Posts: 19,749
Thanked 3,993 Times in 1,374 Posts
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| Quote:
Originally Posted by quasi Yeah I know it don't make much sense but for some reason it seems like it belongs in this thread. To be continued or if you wanna follow along I suggest downloading the classic, "Fritz the Cat". | 
Now this is an awesome reference. I remember as a kid finding the Fritz VHS tape in the VCR and playing it. When my mom walked in she freaked out on me, then really let me dad have it.
You sir, made my day with this.  Quote:
Originally Posted by DragonChi It's dumb to buy a house to flip and if the housing market crashes, then bitch about it for losing money. That's dumb. | How much different is this compared to buying $100k worth of t-shirts and not being able to sell them?
Business is business. There is liability regardless of what you're selling.
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05-03-2017, 11:02 AM
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#37 | | HELP ME PLS!!!
Join Date: May 2002 Location: vancity
Posts: 5,734
Thanked 722 Times in 364 Posts
Failed 40 Times in 26 Posts
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There is no difference.
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05-03-2017, 12:44 PM
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#38 | | RS.net, where our google ads make absolutely no sense!
Join Date: Oct 2003 Location: VAncouver
Posts: 993
Thanked 864 Times in 179 Posts
Failed 98 Times in 44 Posts
| Quote:
Originally Posted by Ulic Qel-Droma actually I live in a gold bar. | My gold bar has two jobs
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