it’s about suggesting that the social order that propped you up and elevated you basically arbitrarily based on birth is a reason you’re cool, and not just some shit that happened. none of this is about actually helping anyone. if they actually believed this shit from the bottom of their hearts, breathing a word of it would be fucking stupid.
they’re trying really hard to believe it, and seeing others struggle to achieve it validates them. they want to believe. they need to believe. but some part of them doesn’t, or it would be kept on the down-low.
The meme specifies Mortgage which means they also don’t have any money. They obtained a loan that they will be paying back for 15 to 30 years, at which point the property will deteriorate to a much lower value if any at all. If they sell the properties then they will owe depreciation recapture which works similar to a capital gains tax, as if it were additional income on top of the actual capital gains tax on the sale of the property itself. Plus closing costs to realtors.
Step one: Have a shitton of money to buy property to rent out.
Oh, you don’t have enough money? Hhm, have you tried not being poor?
it’s about suggesting that the social order that propped you up and elevated you basically arbitrarily based on birth is a reason you’re cool, and not just some shit that happened. none of this is about actually helping anyone. if they actually believed this shit from the bottom of their hearts, breathing a word of it would be fucking stupid.
That’s the question. Are they dumb and mean it or are they just assholes? I also tend to think it’s the second.
they’re trying really hard to believe it, and seeing others struggle to achieve it validates them. they want to believe. they need to believe. but some part of them doesn’t, or it would be kept on the down-low.
The meme specifies Mortgage which means they also don’t have any money. They obtained a loan that they will be paying back for 15 to 30 years, at which point the property will deteriorate to a much lower value if any at all. If they sell the properties then they will owe depreciation recapture which works similar to a capital gains tax, as if it were additional income on top of the actual capital gains tax on the sale of the property itself. Plus closing costs to realtors.