Friday, 22 May 2009

Finally, the "rich" get poorer

Over-leveraged idiot, thinks he wants to downsize but can't add up.

He has a $2.2M mortgage on a house he was offered $5.5M for at the auction. He has another oceanfront house down the road, with another $1M mortgage on it. He wants to sell off his stuff and reduce his debts and commitments, for health reasons (can do without the stress) and a simple life (that he can actually afford).

Why didn't he just accept the $5.5M, pay off both the mortgages, and live debt-free at the smaller house with cash in the bank to support a still very comfortable lifestyle? What a clown.

Still, at least he gets to keep the parrots.

4 comments:

Fauvi said...

My god, what fucking stupid parvenus1 Incredible!

DP said...

Incredible wasn't it? I'd forgotten this story, but you just gave me a good laugh again coming back to it my friend! :-)

Thanks for sending me the smile I requested, very much appreciated. ;-)

DP said...

Incredible wasn't it? I'd forgotten this story, but you just gave me a good laugh again coming back to it my friend! :-)

Thanks for sending me the smile I requested, very much appreciated. ;-)

Fauvi said...

My god, what fucking stupid parvenus1 Incredible!

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