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SVTPerformance's Chain of Restaurants
Road Side Pub
Manufacturer 84 at 0%
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<blockquote data-quote="Corbic" data-source="post: 16388512" data-attributes="member: 171475"><p>Jay-Z once said, if you can't buy it twice, you can't afford it.</p><p></p><p>You are taking on debt one way or the other and stretched out payments is one way people fall horribly upside down as they won't have enough equity to beat out depreciation in the first few years. </p><p></p><p>So suddenly two years from now you have to sell, but you also need to come up with $3-10k... Not a great situation since if you had $3-10k you likely wouldn't be needing to sell in the first place.</p></blockquote><p></p>
[QUOTE="Corbic, post: 16388512, member: 171475"] Jay-Z once said, if you can't buy it twice, you can't afford it. You are taking on debt one way or the other and stretched out payments is one way people fall horribly upside down as they won't have enough equity to beat out depreciation in the first few years. So suddenly two years from now you have to sell, but you also need to come up with $3-10k... Not a great situation since if you had $3-10k you likely wouldn't be needing to sell in the first place. [/QUOTE]
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SVTPerformance's Chain of Restaurants
Road Side Pub
Manufacturer 84 at 0%
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