2016 Postmortem
In reply to the discussion: Amazing - and huuuuuuge - photo from President Obama's Madison rally yesterday [View all]Spitfire of ATJ
(32,723 posts)The very idea of being able to live on land without entering a system designed to create wealth for the already wealthy is unimaginable.
I tried to explain to a neighbour how even a simple wood frame 5-plex building works. It's listed at $1,000,000. Someone with $1,000,000 in the bank earning 3% brings in $30,000 a year. However the 5-plex brings in rent from five families each paying $1,000 a month, thus the return is $5,000 a month or $60,000 a year. He asked me about when the owner would get his million dollars back and I told him the million doesn't matter. It's just extra money set aside to make money. They have no intention of getting it back. What the tenants REALLY need to worry about is if the building is insured for $2,000,000 because fires happen you know....
Then I said just because you and I don't know anybody with money like that doesn't mean they don't exist. (Actually, I DO know people like that and they are obsessed with water bills and think poor people must be really dirty)