Quote:
Originally Posted by fotze
There are an extraordinary amount of Land/Range Rovers on Calgary streets. Aren't those $80 k vehicles. no old people ever seem to drive them. What do these dudes do?
Look at Aspen Estates, hundreds of brand new $800k+ homes, where are all these additional really rich people coming from. Seems nuts.
|
You're right there are, however if you minus the asset value from the debt used to purchase are you really going to be left with 50K in debt? Especially since these types of expensive assets require large down payments.
I just don't see where the debt - assets = 40K can come from? I don't.