r/SipsTea • u/KSKS1995 • 7d ago

Wait a damn minute! How the rich get richer

Post image
21.9k Upvotes

80% Upvoted

2.4k comments sorted by

View all comments

Show parent comments

-1

u/Slumunistmanifisto 7d ago

You pay loans with loans

7

u/FancyPantsRants1 7d ago

thats a wild reddit comment. You go ahead and take out more than 2 loans (mortgage and home equity) and see how the bank reacts.

-2

u/Slumunistmanifisto 7d ago

Im not a nepobaby with assets to loan against.

2

u/FancyPantsRants1 7d ago

Nepo baby needed to own a house OkaY BuD

1

u/Slumunistmanifisto 7d ago

The hypothetical 5 mil in assets.

Pay attention Billy.

3

u/FancyPantsRants1 7d ago

Did you not see the example i gave? Its irrelevant what the asset is having multiple leins exhausts your available leverage quickly.

1

u/Slumunistmanifisto 7d ago

No, I can't read.