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re: Why do OT Ballers hate diamonds and new cars?

Posted on 4/23/18 at 10:53 am to
Posted by LNCHBOX
70448
Member since Jun 2009
84535 posts
Posted on 4/23/18 at 10:53 am to
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 by Mingo Was His NameO
Brooklyn
Member since Mar 2016
25455 posts
Posted on 4/23/18 at 10:55 am to
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 by StupidBinder
Jawja
Member since Oct 2017
6392 posts
Posted on 4/23/18 at 11:23 am to
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 by olgoi khorkhoi
priapism survivor
Member since May 2011
14941 posts
Posted on 4/23/18 at 3:26 pm to
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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