Kewp you still don’t get it so I will not address you anymore. You are obviously missing the point entirely. There is no gravy train I am referring to. What I am referring to is taking initiative. You have stated many a time about your recession proof position in higher education. That is great. Personally I live a life of little leverage and risk in exchange for lack of debt. However that decision that I have made will ultimately prevent me from achieving more extreme wealth.
If you want to piss on everyone for taking risk and making money and say, “I guess we will see how you all do when that gravy train gets derailed.” You are simply illustrating lack of comprehending the point. My gosh.
Ray, like I said, I think it is all in the wiring of each of us. What you said is correct and the affect of taxes and inflation bolster your argument even further. The fact that our system promotes that sort of methodology is something that more intelligent people take advantage of and excel in. Most of the people I have been referring to do EXACTLY what you are promoting and if anything I am more envious then anything else.
Again though, the majority of the population would not use the money that they didn’t plunk into a down payment to make more money, they use it to spend. The other issue I have a bit of exception with is as follows….
If the goal is to maximize the return on the money that you have, why purchase a property to own at all? Wouldn’t it be more prudent to simply purchase property for investment to enjoy the tax benefits, leverage to the hilt, and live in a nice rental? As long as the cost of renting is less then the cost of ownership (including the tax consequences) then wouldn’t living like that carry your mode of thought to a far end of the spectrum? It seems to me that this would be a less expensive way to live and would enable you to maximize alternate investments. This question is more philosophical but am wondering what the response will be.
