Why Billionaires Are Taking Out Mortgages

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Information Why Billionaires Are Taking Out Mortgages

Title	:	Why Billionaires Are Taking Out Mortgages
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As informative as this is, what do I do with this information ?
Comment from : @bob6693

(((They))) don't have to pay interest, that's why
Comment from : @tamadeus7189

They really don't have any money
Comment from : @markphillips9822

It’s all to do city tax evasion
Comment from : @AS-ds6fh

The wealthy dont like to use their own money they like to use other people's money to get what they want
Comment from : @R2D289

Debt is only bad if you can't make the payments These people will never be in that boat
Comment from : @gp94403

They don't need money what they do is to pump just assets prices so banks can issue MBS and keep printing money out of thin air! Those rich people are there to sign and from their signature banks creates more money , famous person signature Costs money , that's the secret🎉
Comment from : @777moneycash

Value
Comment from : @POLYLIVING

Well said Thank you Teach on
Comment from : @MegaDePorter

Nice, using others people's money to get rich I'm in
Comment from : @oinkgrr

These use other people’s money to do everything bc our system is rigged and they aren’t remotely taxed high enough You don’t see billionaires in the EU doing stuff like this
Comment from : @ryanra44

Spot on
Comment from : @MrCash66

They are all subject to different rules regulations and interest rates lol it's not an even playing field
Comment from : @mohammeds7438

Why bilioners don't pay taxes??
Comment from : @pawels9860

because they don't actually have that money It's unrealized returns A loophole only the rich can use
Comment from : @MiguelOrtiz-s3f

Because there money is in stocks
Comment from : @Trade11111

It's surprising how under the radar book The Secret Doctrine of Wealth is If you're curious, It is definitely worth a look
Comment from : @hikarieve

More asset less debt
Comment from : @jephtecloseil

The framing of this video is asinine It‘s no ”quality“ of rich people to think differently of loans It‘s the simple situation that ease of access to getting loans in general, the interest rate, amount of money loanable and possible investments is completely different than the situation regular people are in It doesn‘t show that rich people think differently about loans, it shows that rich people live in a different hemisphere
Comment from : @aaronbulmahn7715

Nothing is in their name its all llc so they could walk away from it and doesnt burden them
Comment from : @ToddKlinginsmith

Absolutely correct
Comment from : @Freedomfromoutcome

Concepts that apply to them don't apply to the rest of us😢😮
Comment from : @Marie0575

The interest rates for those that have the money to pay for these things are very much lower that the rest of us Same for the investment companies
Comment from : @mtbkmaniac1

If I could get 1 interest on a mortgage I wouldn’t pay cash either But 1 in 6 million is still 60k in interest Most people can’t afford that If you wanna be broke, do the things the rich do when you aren’t rich If absolutely pay for a house in cash if I had the means No reason to pay interest on something That means my whole entire home is equity gold not just the part I put the down payment on When u owe the bank, it’s not yours Debt is not leverage even if you’re rich Debt makes banks rich The borrower is slave to the lender
Comment from : @jesswalsh7448

It's probably tax deductible
Comment from : @akfreed6949

And this is why first time buyers have zero chance of getting on the property ladder
Comment from : @pedroloco9327

You forgot the tax implicationsespecially in America
Comment from : @noelio67

50m @ 1 is easy money for the banks with these ppl
Comment from : @mdennis3502

4:43 I'm dead 😂😂😂
Comment from : @yuvanramkisson9690

How is mortgage cheap debt? Surely they take the loans instead of taking a taxable salary from their companies?
Comment from : @danWMO7

Yup did same, all money sitting on the market, all invested, took large mortgage with expenses and interest deductible Assets are making money, income is extra
Comment from : @zman4444

How does their mortgage buying the home they live in make them any money?? In short, they have the collateral to get a cheaper rate of finance / nothing more than that
Comment from : @chrism877

What about daily expenses?
Comment from : @MrShaktirock

Debt is not taxed
Comment from : @Khaithetrader

You're a beautiful woman!
Comment from : @menewsome

Borrowing from who whose money are they borrowing the banks, essentially our money?
Comment from : @SashaLawrence-ns3vv

Take loans only for the of your net worth they do and you’ll be fine It’s the right message Just use it to make income like they did!
Comment from : @Inspiringsuccess2

😮
Comment from : @dubaiking9995

Girl You are so beautiful Just, BEAUTIFUL Ain't no body paying attention to what you're sayingbrPlaying in our faces with your pretty self!
Comment from : @Kelly-45916

Buy Borrow Die: the beautiful thing about the American tax code is that it’s a level playing field for everyone Yet the irony is you have everyone bitching about the wealthy with unfair tax advantages Nope You have them too, it’s just you’ve been educated to think you’re not smart enough
Comment from : @wwt17

Only in the USA can You "write off the interest on a Principal property,the property you live in" not in Canada
Comment from : @Chap17

They use the loans to get around paying taxes
Comment from : @dereklundberg3674

“The rich” lolbrbrI do the same thing and I’m not rich Both with mortgages and credit cards Every purchase I make is on a credit card and I pay zero interest, just get cash back
Comment from : @Billmull8622

If you are borrowing money to buy a TV or go on holiday you are in trouble already!!! Stay out of debt if at all possible!
Comment from : @edwardbain5391

Cash is kingpay cash and you always get a better deal 😂😅😂😅
Comment from : @danl5592

Further explanation is needed, this is away too vague
Comment from : @endisthebeginning24

Because money from debt is not taxable The interest rate they pay on their debt is less than their tax rate, so it makes economic sense for them to get "paid" with a loan than to actually take a salary They use their debt to make purchases the same way we use our wages
Comment from : @maxn7234

What I can see of this matter by them mortgages it helps the economy by building the banks up with these loans instead of buying it out right the rich still have a financial responsibility as well as the middle class or poor The banks lose we all lose period
Comment from : @GlennisMoore-c5i

They borrow very cheaply low interest and sometimes don’t even have to pay them back Unlike normal people rate are much higher
Comment from : @cindy2418

Don't listen to this
Comment from : @greengardens1565

Rich will have lower interest rates
Comment from : @ansarshaik4643

Totally That was a beautiful perspective I haven’t thought about in a long time
Comment from : @Learnenglishwithfarrah

The reason why the super rich do it is simply because they are greedy It makes sense that less well off people do it not the super rich
Comment from : @Maffy-h

Can’t agree more!
Comment from : @michellekwok9643

Debts ok so long as you can finance it
Comment from : @narellemacpherson9759

Tell this to Dave Ramsey
Comment from : @jainamshah1049

I can relate to this
Comment from : @gabrielminville

😂😂😂😂😂😂😂😂😂 it's not work like this
Comment from : @ba429

Hmm
Comment from : @chrisfadero3420

WHY DID A BILLIONAIRE TAKE OUT A LOAN 😂😂😂😂
Comment from : @BlowUpTheOutsideWorld

That is Not Seen as debt They Never spend thier own Money because they make more interest ,with thier own Money simple mathematiscs
Comment from : @DJMikeron

and they enter bankruptcy to restructure when things go wrong…
Comment from : @packrcch

tell us about a few of Trump’s mortgagesbrhe is doing the same…
Comment from : @packrcch

I love ur videos, thx In this vid I'm loving ur make up - it's just enough, just right for everyday Brown girl to brown girl can u please do a make up vid?
Comment from : @kboy4120

They buy loan on the business and not on personal names Ao if they can't repay They can declare company bankruptcy And nothing will happen to them That's how they play They pay huge amount to lawyers and tax consultant and politicians as well
Comment from : @jayeshshertate8543

The wealthy take on debt because they can It's play money for them And lose the smug, smarmy grin, lady
Comment from : @ytxmak

They use debt because they have the ability to pay it off
Comment from : @SahlYusuf-c5d

This is what my friend we call a bullshit Purchasing a home for stay is a consumer thing that won't make any money, and the rich even go to vacation in borrowed money
Comment from : @akashsen8203

Why would you get a loan if you're a billionaire?
Comment from : @manuelm2294

What about the interest rates??
Comment from : @nehasbaby27

And don't pay it back
Comment from : @danmaksen8973

If course, they are not paying off with their salary like most employees
Comment from : @ikayikay6643

105 i wish i could get 21 or even 315
Comment from : @tpurcell85

It always IS EASIER for the wealthy, they can benefit even from debt
Comment from : @sunnyyoda

Umm…so the government & lawsuits don’t take it-?
Comment from : @angelaonthego

Because they are billionaires on paper but don’t have the physical cash
Comment from : @nicholas77086

There is a difference when you have the money to pay the debt right off It’s not the same risk as someone that has to have the debt in order to get what they are wanting
Comment from : @chuckiedavidson719

credit most people don't have big credit to buy multi million dollar mansionsbrbrmost people have to show regular income to get a mortgage reality
Comment from : @Who-lg9my

Debt is seen as bad because bad debt is the most common type, people who work 1 shift a week at McDonald’s driving a 50k truck and door dashing meals 5 days a week on a 8 credit card they never pay off 😂
Comment from : @minmo2288

Also debt and loans are not taxable so they borrow against their wealth
Comment from : @lakelife8757

Question: What is the price of peace of mind?
Comment from : @hasanshikoh

They also aren’t liquid as you think because their wealth is in stock and needs to be sold or borrowed against for cash Which makes borrowing easy and beneficial
Comment from : @jaymccormack6875

Shhh Don't tell Dave Ramsey
Comment from : @brianpalay2

Take loans which they get very easily and save millions in taxes
Comment from : @kareem829

They are taking debt to advertise for banks, debt is never an asset , people are able to use it as a leverage because their economy ethier stable or growing Once their economy have a puase or decline The debt become not only w burden but a catalyst for burning down in flame As the principles who they used to borrow money depreciates in value They are still obligated to pay the debt Essentially they will pay the value of a house in the past when their house worth lots less
Comment from : @AhmedRakan-y3v

Learning so much from you! Do you have any longer videos you can recommend on debt or changing mindset on shifting what's considered good or bad behaviour when it comes to borrowing?
Comment from : @AZekO7

Multi millionaires ! Multi billionaires
Comment from : @stevensofroniou

It isn’t ironic that the ‘proper’ billionaires Elon and Mark both took out mortgages at roughly $5-6m per property and the ‘less’ wealthy millionaire/billionaire rapper and singer Jay-z and Beyoncé took out a far bigger mortgage at $50m against a property already costing them $38m in down payments Following the wealthy leveraging against a home for debt makes sense as there are more people needing homes than is currently being built so over a long arc of time that asset always goes up in value More so in sought after locations Buy the worst house on the best street
Comment from : @damianchang6439

Leverage of the rich crowds out capital for the middle class and poor to obtain loans for homes
Comment from : @thomaskraus5125

Whatever you mean ultimately you are ssoooo cute baby 💋 😘
Comment from : @Samskrithii

Someone worth over 100 billions dollars take loans out on 109 million ha risky huh lmao That’s like me making 200k and taking out a loan for 20k Not even a drop in the bucket
Comment from : @jhughes7165