A million isn’t even enough to retire on anymore. That shit’ll be gone in a couple years in a nursing home. A few million might let you leave a house to your family.
The cheap houses in my part of Ohio (a fairly cheap state to buy a house in) start at about 200K
Did you really use a $50k house that needs at least $100k in repairs in a terrible neighborhood of Cleveland, Ohio as an example? Are you trolling? This might be the worst house for sale in America.
Seriously? You think that’s the worst house in America? There’s not even pictures of the inside because long term tenants live there.
Thats not a bad area. Thats W.46 between Storer and Clark. I could open zillow again, and try to find some of those $2,000 dollar houses if you want to see some houses that need repairs. And they’d be in the actual ghetto.
I would say that the likelihood of being able to live in the house you linked to without repairs that would cost far, far more than that is highly unlikely. But hey, you inhale all the black mold spores you like. Don’t let me stop you.
Also, maybe you have $70,000 on hand to buy a house, but most people have mortgages, and after you pay your mortgage and your utility bills and buy food, I don’t think much of that $1500 will be left. If you even make enough.
There’s not even pictures of the inside because long term tenants live there.
Lol there aren’t pictures of the inside because the tenants have destroyed the place and are refusing to pay rent, and the landlord - having learned that investing in rental properties is not always the money-printing panacea it’s cracked up to be - is desperate to escape from the situation.
Thats the whole point of the original comment. I can’t figure out WHAT his motivation is, when his entire career is him basically saying “DESTROY ME! I SHOULDN’T HAVE THIS MUCH MONEY! NOBODY SHOULD!”
…but whys HE saying that. Like I could understand if he made like 30k a year, and had a few thousand in savings. But he’s the image of who’s he’s trying to turn the torches on. Is it intentional? Does he not realize?
Meanwhile, people read the innitial comment I made, and are defending him by saying he’s not the problem.
Why’s he saying that? Because he believes in a better world rather than acting out of self interest. Plenty of high net worth and high income individuals advocate for higher taxation. I know I’d rather live in a world where the hungry are fed and the people are housed, rather than have an extra 10% of my income each year.
His motivation is pretty clear if you actually look at his political career. You may agree or disagree with him but the way you’re trying to tear into him just shows you don’t have a grasp of the actual problem he presents.
You can go read his tax returns yourself. His income most years is his salary, boosted several times by the release of his books after his popularity. This in total has netted him a few million. You can argue his books should have been published for free, but it’s not some shady stock manipulation.
This site is a good visualization. I’m not sure if it’s up to date but the top end has only gotten bigger. You’re arguing about something on the first screen scroll. By the end of the decade we’re likely to see our first TRILLIONAIRE…
You do know what net worth is right? It’s combined wealth. A lot of people are worth 1mil or more… especially since the housing boom. This is some of the dumbest logic to bitch about someone who is worth a few million. Get your head out of your ass, bitching about millionaires is hilarious, while the billionaires are running the country.
I never bitched about him. I’ve said the same thing over and over and over. The comment was about context of why he’s saying to eat the rich, when that’s him.
if you want $900k to provide a steady return every year indefinitely, and while accounting for inflation, taxes on proceeds, fluctuations in the market, etc. you won’t be taking out nearly as much as you think each year.
$1,500 every month, no rent, no mortgage, no electric bill. Basically means you’re paying taxes, insurance, water, gas, phone/internet. I’ll just round that off at $600. Means $900 a month after bills. All without working.
$18,000 is only $3k above the federal poverty level, and well below for a family of 2. This sounds like one of those out of touch McDonald’s PR budgets.
Better hope your home never needs a new roof, that’ll be at LEAST 6 months of your passive income gone. Car breaks down? Well you need to fix that because you live in BFE, that’s another month gone.
Not to mention I don’t know what scooter you’re parking in your one room shack to keep taxes and insurance and utilities under $600. Are you fitting health insurance in that too or just offing yourself when you get medical debt? Hope you never have any dependants either, that’s when things get really pricey.
If anything, I’d have to check the map, and make sure Daves is as close as I think, but you could just walk everywhere. Although at his age, maybe he’d need a car. But the neighborhood is very drivable. It’s not like you’re out in the sticks.
Bernie isn’t rich. He’s in the low millions, which pretty much can’t even buy a home in most places anymore.
If someone has even 1 million dollars they’re rich. That’s the thing about numbers. They’re infinate.
You say you couldn’t even buy a house with a few million dollars? I could buy a house for $70,000.
For another $10,000 I could fit the house with solar, and use the other 900,000 to live off interest.
How is that not rich?
The difference between 1 billion and 1 million dollars is just about 1 billion dollars.
And maybe you could find a house for 70k in your area, but that is not common at all. The AVERAGE home price in my area is 525-550,000.
Having a single million dollars just does not mean you’re rich these days.
A million isn’t even enough to retire on anymore. That shit’ll be gone in a couple years in a nursing home. A few million might let you leave a house to your family.
The cheap houses in my part of Ohio (a fairly cheap state to buy a house in) start at about 200K
Maybe in the 80’s. Not now.
https://www.zillow.com/homedetails/3284-W-46th-St-Cleveland-OH-44102/33354305_zpid/
All I did was pull up zillow, and set the parameters for 50k-80k. This is the first result. There’s 15 more.
Did you really use a $50k house that needs at least $100k in repairs in a terrible neighborhood of Cleveland, Ohio as an example? Are you trolling? This might be the worst house for sale in America.
Seriously? You think that’s the worst house in America? There’s not even pictures of the inside because long term tenants live there.
Thats not a bad area. Thats W.46 between Storer and Clark. I could open zillow again, and try to find some of those $2,000 dollar houses if you want to see some houses that need repairs. And they’d be in the actual ghetto.
This is what you said before:
Where are you planning to live on that interest? Because it won’t be in that house.
You don’t think you could live in a $70,000 house, that’s fully paid off, with $1,500 a month?
I would say that the likelihood of being able to live in the house you linked to without repairs that would cost far, far more than that is highly unlikely. But hey, you inhale all the black mold spores you like. Don’t let me stop you.
Also, maybe you have $70,000 on hand to buy a house, but most people have mortgages, and after you pay your mortgage and your utility bills and buy food, I don’t think much of that $1500 will be left. If you even make enough.
Lol there aren’t pictures of the inside because the tenants have destroyed the place and are refusing to pay rent, and the landlord - having learned that investing in rental properties is not always the money-printing panacea it’s cracked up to be - is desperate to escape from the situation.
How’s the commute from there to the Capitol building where he works?
He doesn’t have to work. The comment was that he could buy a house, buy solar, and never have to do anything again.
You think he works for the money?!?
Thats the whole point of the original comment. I can’t figure out WHAT his motivation is, when his entire career is him basically saying “DESTROY ME! I SHOULDN’T HAVE THIS MUCH MONEY! NOBODY SHOULD!”
…but whys HE saying that. Like I could understand if he made like 30k a year, and had a few thousand in savings. But he’s the image of who’s he’s trying to turn the torches on. Is it intentional? Does he not realize?
Meanwhile, people read the innitial comment I made, and are defending him by saying he’s not the problem.
Which completely misses the point.
Why’s he saying that? Because he believes in a better world rather than acting out of self interest. Plenty of high net worth and high income individuals advocate for higher taxation. I know I’d rather live in a world where the hungry are fed and the people are housed, rather than have an extra 10% of my income each year.
His motivation is pretty clear if you actually look at his political career. You may agree or disagree with him but the way you’re trying to tear into him just shows you don’t have a grasp of the actual problem he presents.
You can go read his tax returns yourself. His income most years is his salary, boosted several times by the release of his books after his popularity. This in total has netted him a few million. You can argue his books should have been published for free, but it’s not some shady stock manipulation.
This site is a good visualization. I’m not sure if it’s up to date but the top end has only gotten bigger. You’re arguing about something on the first screen scroll. By the end of the decade we’re likely to see our first TRILLIONAIRE…
You do know what net worth is right? It’s combined wealth. A lot of people are worth 1mil or more… especially since the housing boom. This is some of the dumbest logic to bitch about someone who is worth a few million. Get your head out of your ass, bitching about millionaires is hilarious, while the billionaires are running the country.
I never bitched about him. I’ve said the same thing over and over and over. The comment was about context of why he’s saying to eat the rich, when that’s him.
And I’ve now repeated my self a few times. Being worth a few million is not rich anymore.
if you want $900k to provide a steady return every year indefinitely, and while accounting for inflation, taxes on proceeds, fluctuations in the market, etc. you won’t be taking out nearly as much as you think each year.
$900,000 x .02 = $18,000 ÷ 12 = 1,500.
$1,500 every month, no rent, no mortgage, no electric bill. Basically means you’re paying taxes, insurance, water, gas, phone/internet. I’ll just round that off at $600. Means $900 a month after bills. All without working.
You telling me that ain’t rich?
lol what? No, that’s not at all rich by any account
$18,000 is only $3k above the federal poverty level, and well below for a family of 2. This sounds like one of those out of touch McDonald’s PR budgets.
Better hope your home never needs a new roof, that’ll be at LEAST 6 months of your passive income gone. Car breaks down? Well you need to fix that because you live in BFE, that’s another month gone.
Not to mention I don’t know what scooter you’re parking in your one room shack to keep taxes and insurance and utilities under $600. Are you fitting health insurance in that too or just offing yourself when you get medical debt? Hope you never have any dependants either, that’s when things get really pricey.
I wouldn’t call 44th and Clark BFE.
If anything, I’d have to check the map, and make sure Daves is as close as I think, but you could just walk everywhere. Although at his age, maybe he’d need a car. But the neighborhood is very drivable. It’s not like you’re out in the sticks.
Username is accurate. You’re a dunce.
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