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Old 08-15-2016, 01:23 PM   #7728
GS8
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My favourite idiots are the ones who bought a place (say $1.6 million) and assign false net worth based on it.

Which makes them purchase other things that would otherwise be out of their range such as a fancier car, fancier clothes etc.

They live under the delusion that their home value is always physical and can thus be added to their other assets. So they get this euphoric high out of it and start racking up consumer debt (in addition to mortgage) because they're supposedly a millionaire. It's only physical when you cash out at a profit, otherwise the value remains in thin air.

But hey, first world mentality right?
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