Kamala Trump
Verified User
What should a business entity which wishes to succeed at business pay for assets which are currently unsellable?
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What should a business entity which wishes to succeed at business pay for assets which are currently unsellable?
If something is currently unsellable, but will be worth a considerable amount later, is that a bad investment?
The serious downturn in the economy has produced some major bargains in the housing market.
The houses are never going to be worthless. Depending on how long you are willing to hold an asset, you could make a large chunk of change.
If someone got a mortgage and paid for 4 or 5 years, then lost it, the bank would be willing to take considerably less for the house. They have already received 4 or 5 years of payments.
Just as an FYI, I am not defending the bailout or the ridiculous practices of the banking and market people.
I was just answering your question about the assets.
Yes. As I mentioned already. It seems like a strategy based on some hard wishing.
No, its not based on hard wishing. Its based on the fact that this economic downturn is temporary.
A house is a solid asset. The value may drop over the short run, but in the long run it will almost always appreciate in value. (very few exceptions to this)
"I'm not defending the bailout. I just want to make a poor to sub-par half baked business decision seem feasible for no apparent reason." -Solitary
You're funny man!
Ok. It's based on a petulant neocon knowing. Kind of like "the quickening".
You are clueless.
Please give me some verifiable data that shows houses being a poor long term investment. Or are you saying that suddenly things will be so radically different that the trends and histories are no longer going to apply?
I didn't, popsicle douche.Asshat, why not just admit you have made an idiot of yourself.
So why all the alarmism? Why not let the markets find the values? Answer: THese investment bank are using their political connections to exonerate themselves.During times of economic trouble, housing values drop. But they eventually come back up.
Instead of spouting insults and nonsense, please show me some data that shows the value of homes is going to remain low?
Or show me where there will be less of a need for housing in the future.
Unless you can do that, you are just making noise.
I didn't, popsicle douche.
So why all the alarmism? Why not let the markets find the values? Answer: THese investment bank are using their political connections to exonerate themselves.
I simply do not buy that these assets will just "become valuable" according to your faith-based economics.
The government doesn't need to step in if the houses are as valuable as you say. It's that simple. Using the people's piggy bank as leverage large enough to pass debt down multiple generations is also not acceptable. Just another ponzie scheme. Take your lies to morons who will listen. We don't want none.
First of all, we agree that the bailout never should have happened.
What we are disagreeing about is whether the houses will increase in value or not.
I believe they will, based on 100 years of so of history and the fact that an increase in the population means an increase in the need for houses.
You are just trying to spout nonsense and hope no one will notice. You are trying to accuse me of saying shit I never said or even hinted at.
When you have any additional data, I will be happy to debate you. If this is all you have then we have nothing more to discuss.
Either show me a reason that the value of houses will not rise, or start an argument about another topic.
And if you are going to accuse me of lying, I would like for you to point out exactly where I lied. I have just maintained that the value of the houses will rise, and that makes them a good long term investment. No lie there.