Chad Johnson Is Facing Foreclosure On His $400,000 Miami Condo--------------------

[↓R↑LYB]

Stop it. If he was told that his house would depreciate by 50% in 2 years, you still think he'd buy it? It IS an investment no matter how you slice it.

@ you being in his head.

So you gonna ignore the 2nd part of that quote where he asked for those investments making 5-10%

 

[JLova]

I thought you were the guy with the idea of putting down $4 mill, getting a mortgage and "investing" the rest. There we a few people suggesting that especially in the original thread but I don't feel like going back and checking. If that wasn't you my bad.

But like I said we do not know how much Dwight is worth and especially not his endorsement money. Based on the things I've read he already lived in LA during offseason so I doubt he'll be selling anytime soon, and I also don't know California real estate that well and would be making shyt up talking about Newport Beach real estate market fluctuations.


However

Spoiler

But then again this might be a bad example since Jeter never loses.

My issue was always with the price of the house and the fact that he put all that money down. I also don't think taking out a mortgage is a bad thing either under certain circumstances.


To the other dude, I never said a 5-10% return was guaranteed. My point was there are low risk investments that you can actually make money on rather than investing in real estate which right now you will most likely lose money on. So making 3% off of 10M is a lot better than losing 20% on $20M. It's that simple. Nikkaz acting like real estate is a secure investment got me .

 

[nyknick]

When did I say he should get a mortgage? I said he shouldn't be buying that expensive a house. That has been my opinion from jump and this spans several threads. But dudes in here are trying to tell me that spending 20M on a crib in his situation is the best possible move...and I'm the slow one here?

In addition, there's nothing wrong with taking out a mortgage. I'd much rather put down $4M on a $20M house and invest that $16M than to dump $20M in a property.

cmon dunn

 

[↓R↑LYB]

My issue was always with the price of the house and the fact that he put all that money down. I also don't think taking out a mortgage is a bad thing either under certain circumstances.


To the other dude, I never said a 5-10% return was guaranteed. My point was there are low risk investments that you can actually make money on rather than investing in real estate which right now you will most likely lose money on. So making 3% off of 10M is a lot better than losing 20% on $20M. It's that simple. Nikkaz acting like real estate is a secure investment got me .

Why do you and others act as if a house is not an investment? Diversify your portfolio. There are many low risk investments that will yield a decent return (5-10%).

I don't think buying a house outright is silly. I do think buying a $20M house outright given his situation (salary+endorsements - baby mamas, kids, future earning potential) is stupid. But that's me...

No point arguing on how a multi millionaire should spend his money.

Awaits reply

 

[Absolut]

You are acting like this is the last 20 mil in his account. Dude will earn well into the seven figures from here on out, and have his crib paid in full from his previous earnings.

 

[JLova]

cmon dunn

Funny how I just said above that I didn't see an issue with taking out a mortgage under certain circumstances.

 

[nyknick]

You are acting like this is the last 20 mil in his account. Dude will earn well into the seven figures from here on out, and have his crib paid in full

Regardless if its his first or last, it's better to buy it outright instead of getting a loan.



But if you are a corporation get a loan for your investment, buy up a company, pay yourself a bonus from that loan, transfer the whole debt on the company, if it goes shyts up people lose their jobs and you walk away like a boss. This is where Romney smiley works perfectly

 

[The_Sheff]

When we gonna get a link to these low risk investments that will yield a 10% return. I got a little change i want to invest and im sure i could build a very successful business with this information too.

 

[↓R↑LYB]

Funny how I just said above that I didn't see an issue with taking out a mortgage under certain circumstances.

Still waiting on that link breh, I'm trying to make 5-10% on govt bonds like you are

 

[JLova]

Awaits reply

whether it's 2 or 3% return, it does not make my point any less valid.

Again, 3% return on 10M > 20% loss on 20M. nikkas are trying to tell me real estate is the most sound investment.

 

[alpo]

Stop it. If he was told that his house would depreciate by 50% in 2 years, you still think he'd buy it? It IS an investment no matter how you slice it.

@ you being in his head.

:

 

[alpo]

whether it's 2 or 3% return, it does not make my point any less valid.

Again, 3% return on 10M > 20% loss on 20M. nikkas are trying to tell me real estate is the most sound investment.

GO TO BED!

 

[alpo]

Regardless if its his first or last, it's better to buy it outright instead of getting a loan.



But if you are a corporation get a loan for your investment, buy up a company, pay yourself a bonus from that loan, transfer the whole debt on the company, if it goes shyts up people lose their jobs and you walk away like a boss. This is where Romney smiley works perfectly

 

[JLova]

When we gonna get a link to these low risk investments that will yield a 10% return. I got a little change i want to invest and im sure i could build a very successful business with this information too.

Still waiting on that link breh, I'm trying to make 5-10% on govt bonds like you are

I'll provide it as soon as you can tell me that a CD (GIC in Canada) is a worse investment than sinking $20M into a property in a tanking market.

 

[Absolut]

Ask those broke ass athletes how those investments turned out. A decade from now if Dwight wants out of the house, he can get 17 or so million in cash back. How much money was returned to those other broke athletes that invested that money? I'll answer it for you. It was a fukkin hell of a lot less than 85% return. Dude bought the house to live in. He didn't just scoop up land somewhere. This is a fraction of his earnings, and percentage wise he paid way less than 99.9% of Americans do on their homes in comparison to their incomes.