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Can you expound on what you mean by "usually at the expense of people poorer than them"? I understand this sentiment when it comes to things like predatory lend
by djcary 8y ago
Can you expound on what you mean by "usually at the expense of people poorer than them"? I understand this sentiment when it comes to things like predatory lending, but would like to learn more about how it applies to non-exploitative areas.
A couple possible examples to help with the discussion:
1. A new millionaire buys a house from someone in SF and lives there.
2. A new millionaire buys a rental property from someone in SF, renovates it, and raises the rent to make back their capital outlay.
3. A new millionaire buys a broken down classic car, invests capital into repairing it, and sells it to a collector for a profit.