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re: Why do OT Ballers hate diamonds and new cars?
Posted on 4/23/18 at 10:53 am to Mingo Was His NameO
Posted on 4/23/18 at 10:53 am to Mingo Was His NameO
quote:
People over extending themselves and not saving anything for retirement has no effect on other people? That is patently false.
I'd say that their "overspending" actually helps more people than it supposedly hurts by dumping more money into the economy.
Posted on 4/23/18 at 10:55 am to LNCHBOX
quote:
I'd say that their "overspending" actually helps more people than it supposedly hurts by dumping more money into the economy
I'd say this may be stupider than your original statement. I hope you don't have access to anyone else's money because you're re a true imbecile.
Posted on 4/23/18 at 11:23 am to LNCHBOX
quote:
I'd say that their "overspending" actually helps more people than it supposedly hurts by dumping more money into the economy.
I think the housing collapse in 2008 demonstrates that the economy doesn’t work this way.
This post was edited on 4/23/18 at 11:23 am
Posted on 4/23/18 at 3:26 pm to LNCHBOX
quote:
I'd say that their "overspending" actually helps more people than it supposedly hurts by dumping more money into the economy.
When they economy turns, the bottom falls out of the market and their property is sold for pennies on the dollar, it helps the people that built up cash and stayed out of debt.
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