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So let's say we buy Greenland. Then what?

Discussion in 'The Dungeon' started by joec, Aug 18, 2019.

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  1. joec

    joec brace yourself

    Can we use them in vintage?
     
    joec, Aug 21, 2019
    #41
  2. cpettit

    cpettit Well-Known Member

    I’ve always been fiscally conservative. That’s why I can own a houses, cars, motorcycles and travel when I please. Don’t mistake my disdain for government/authority for financial irresponsibility.
     
    cpettit, Aug 21, 2019
    #42
  3. XFBO

    XFBO Well-Known Member

    Oh I'm pretty sure I'm not mistaken with your cherry picking complaints......did you rip the last CIC with all his budget/debt doubling actions?????? There was plenty to attack, no???
    I don't recall seeing much, if any and that's what I'm calling you out on.....but major kudo's to you on being fiscally conservative. :beer:
     
    XFBO, Aug 21, 2019
    #43
  4. Mongo

    Mongo Administrator

    So you have no investments?
     
    Mongo, Aug 21, 2019
    #44
  5. cpettit

    cpettit Well-Known Member

    I invest with money I have left over after my bills are paid. Unlike our government that just spends with no regard for the future.
     
    cpettit, Aug 21, 2019
    #45
  6. auminer

    auminer Renaissance Redneck

    Hmmm... I pay my bills with money left over after I invest.
     
    auminer, Aug 21, 2019
    #46
  7. cpettit

    cpettit Well-Known Member

    Good for you. Point is neither of us spend ourselves into poverty like both political parties do. Neither is better than the other when it comes to that part.
     
    cpettit, Aug 21, 2019
    #47
    auminer likes this.
  8. Mongo

    Mongo Administrator

    Depending on the setup I get loans at a lower rate than my investments make. Seems silly to miss out on the overall profit. If the natural resources in Greenland are viable to use and sell for more than a purchase price why not do it?
     
    Mongo, Aug 23, 2019
    #48
  9. Mongo

    Mongo Administrator

    And none of that has anything to do with Greenland :crackup:
     
    Mongo, Aug 23, 2019
    #49
  10. 50Joe

    50Joe Registered User

    Haven't kept up with this thread but saw this on FB and it's kind of funny.
    [​IMG]
     
    50Joe, Aug 23, 2019
    #50
    SnacktimeKC and sheepofblue like this.
  11. sheepofblue

    sheepofblue Well-Known Member

    That neglects risk which is a factor on rate of return. A paid for house means you pay 0% interest guaranteed and have no loan to foreclose for instance. While a loan on the same home that is invested MIGHT get more return than the interest but you also have risk of getting foreclosed in a disaster.
     
    sheepofblue, Aug 23, 2019
    #51
  12. Mongo

    Mongo Administrator



    Well, as I can't afford to buy a house outright unlike motorcycles that one doesn't get factored into that kind of thought process :D
     
    Mongo, Aug 26, 2019
    #52
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