i think that 1 % is modest....most stratas charge more (without the elevators and pools and tennis courts...)
hobo-jo...along the lines, somebody has convinced most plebs that 'property ALWAYS goes up'... so the bigger the debt - the bigger the capital gains at the end of the year !
if you listen to some 'experienced posters' on this forum ... they spurt 10% growth per year as normal !
so..think about it: if you were one of these disolussioned souls (notice that im not calling them 'minds'):
$ 1 000 000 = 100 000 per year capital gains $ 500 000 = 50 000 per year capital gains
at the end of the day most will choose to "make more money" (as long as the bank is willing to 'play') if they can afford to 'service it' !
(couple of years of sacrifice, you know, and when we're old bla bla bla...meanwhile we can brag at dinner parties, million dollar house bla bla bla...everybody else..bla bla...envy of our friends...)
it is scary that those same souls are allowed to vote and taylor your future but...what can you do?
its democracy...but ONLY because they think that they are making money through a SURE thing ! when that goes...hm...
