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re: Minecraft creator buys ridiculous $70 million mansion in Beverly Hills

Posted on 12/19/14 at 1:39 pm to
Posted by lsu480
Downtown Scottsdale
Member since Oct 2007
92877 posts
Posted on 12/19/14 at 1:39 pm to
It's still stupid to pay with cash when he could have gotten a loan at a lower rate than any of us, invested the money and earned a higher rate than he is paying AND written off any interest if it's his primary residence.
Posted by DirtyMikeandtheBoys
Member since May 2011
19431 posts
Posted on 12/19/14 at 1:42 pm to
quote:

It's still stupid to pay with cash when he could have gotten a loan at a lower rate than any of us, invested the money and earned a higher rate than he is paying AND written off any interest if it's his primary residence.


Not understanding simple shite like this is why most athletes and celebs go broke.
Posted by stout
Smoking Crack with Hunter Biden
Member since Sep 2006
167885 posts
Posted on 12/19/14 at 1:53 pm to
quote:

AND written off any interest if it's his primary residence.



He isn't a US citizen. He is Swede. No way to write that off as his primary residence.
This post was edited on 12/19/14 at 1:53 pm
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