Quote:
Originally posted by Rick Lee
Why would anyone buy a house with the purpose of leaving it to their kids? Isn't it a place for the kids to live before they're old enough to go out and work and buy their own houses? I think they would appreciate that Wayne has more cash flow right now, since they are still his dependents.
|
To build wealth. We don't know what Wanye's income is right now (and whether he could have afforded to buy a comperable house) and can assume buying in the past year or two might have been a mistake if it was indeed the top of the market which would mean Wayne did the right thing (assuming housing prices come down and money doesn't cost more), but the assertion in his post that i quoted is silly (renting for less to afford p-cars).