Title | : | Why Billionaires Are Taking Out Mortgages |
Lasting | : | 0.59 |
Date of publication | : | |
Views | : | 2,9 jt |
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As informative as this is, what do I do with this information ? Comment from : @bob6693 |
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(((They))) don't have to pay interest, that's why Comment from : @tamadeus7189 |
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They really don't have any money Comment from : @markphillips9822 |
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It’s all to do city tax evasion Comment from : @AS-ds6fh |
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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 |
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Debt is only bad if you can't make the payments These people will never be in that boat Comment from : @gp94403 |
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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 |
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Value Comment from : @POLYLIVING |
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Well said Thank you Teach on Comment from : @MegaDePorter |
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Nice, using others people's money to get rich I'm in Comment from : @oinkgrr |
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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 |
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Spot on Comment from : @MrCash66 |
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They are all subject to different rules regulations and interest rates lol it's not an even playing field Comment from : @mohammeds7438 |
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Why bilioners don't pay taxes?? Comment from : @pawels9860 |
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because they don't actually have that money It's unrealized returns A loophole only the rich can use Comment from : @MiguelOrtiz-s3f |
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Because there money is in stocks Comment from : @Trade11111 |
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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 |
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More asset less debt Comment from : @jephtecloseil |
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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 |
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Nothing is in their name its all llc so they could walk away from it and doesnt burden them Comment from : @ToddKlinginsmith |
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Absolutely correct Comment from : @Freedomfromoutcome |
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Concepts that apply to them don't apply to the rest of us😢😮 Comment from : @Marie0575 |
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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 |
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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 |
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It's probably tax deductible Comment from : @akfreed6949 |
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And this is why first time buyers have zero chance of getting on the property ladder Comment from : @pedroloco9327 |
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You forgot the tax implicationsespecially in America Comment from : @noelio67 |
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50m @ 1 is easy money for the banks with these ppl Comment from : @mdennis3502 |
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4:43 I'm dead 😂😂😂 Comment from : @yuvanramkisson9690 |
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How is mortgage cheap debt? Surely they take the loans instead of taking a taxable salary from their companies? Comment from : @danWMO7 |
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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 |
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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 |
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What about daily expenses? Comment from : @MrShaktirock |
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Debt is not taxed Comment from : @Khaithetrader |
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You're a beautiful woman! Comment from : @menewsome |
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Borrowing from who whose money are they borrowing the banks, essentially our money? Comment from : @SashaLawrence-ns3vv |
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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 |
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😮 Comment from : @dubaiking9995 |
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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 |
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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 |
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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 |
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They use the loans to get around paying taxes Comment from : @dereklundberg3674 |
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“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 |
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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 |
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Cash is kingpay cash and you always get a better deal 😂😅😂😅 Comment from : @danl5592 |
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Further explanation is needed, this is away too vague Comment from : @endisthebeginning24 |
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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 |
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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 |
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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 |
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Don't listen to this Comment from : @greengardens1565 |
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Rich will have lower interest rates Comment from : @ansarshaik4643 |
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Totally That was a beautiful perspective I haven’t thought about in a long time Comment from : @Learnenglishwithfarrah |
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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 |
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Can’t agree more! Comment from : @michellekwok9643 |
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Debts ok so long as you can finance it Comment from : @narellemacpherson9759 |
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Tell this to Dave Ramsey Comment from : @jainamshah1049 |
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I can relate to this Comment from : @gabrielminville |
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😂😂😂😂😂😂😂😂😂 it's not work like this Comment from : @ba429 |
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Hmm Comment from : @chrisfadero3420 |
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WHY DID A BILLIONAIRE TAKE OUT A LOAN 😂😂😂😂 Comment from : @BlowUpTheOutsideWorld |
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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 |
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and they enter bankruptcy to restructure when things go wrong… Comment from : @packrcch |
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tell us about a few of Trump’s mortgagesbrhe is doing the same… Comment from : @packrcch |
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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 |
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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 |
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The wealthy take on debt because they can It's play money for them And lose the smug, smarmy grin, lady Comment from : @ytxmak |
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They use debt because they have the ability to pay it off Comment from : @SahlYusuf-c5d |
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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 |
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Why would you get a loan if you're a billionaire? Comment from : @manuelm2294 |
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What about the interest rates?? Comment from : @nehasbaby27 |
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And don't pay it back Comment from : @danmaksen8973 |
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If course, they are not paying off with their salary like most employees Comment from : @ikayikay6643 |
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105 i wish i could get 21 or even 315 Comment from : @tpurcell85 |
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It always IS EASIER for the wealthy, they can benefit even from debt Comment from : @sunnyyoda |
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Umm…so the government & lawsuits don’t take it-? Comment from : @angelaonthego |
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Because they are billionaires on paper but don’t have the physical cash Comment from : @nicholas77086 |
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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 |
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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 |
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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 |
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Also debt and loans are not taxable so they borrow against their wealth Comment from : @lakelife8757 |
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Question: What is the price of peace of mind? Comment from : @hasanshikoh |
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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 |
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Shhh Don't tell Dave Ramsey Comment from : @brianpalay2 |
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Take loans which they get very easily and save millions in taxes Comment from : @kareem829 |
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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 |
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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 |
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Multi millionaires ! Multi billionaires Comment from : @stevensofroniou |
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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 |
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Leverage of the rich crowds out capital for the middle class and poor to obtain loans for homes Comment from : @thomaskraus5125 |
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Whatever you mean ultimately you are ssoooo cute baby 💋 😘 Comment from : @Samskrithii |
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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 |
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