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If you borrow to invest for the future by adding value, you grow. Everyone seems delighted to borrow ever more against existing housing stock, which creates no
by amiga_500 6y ago
If you borrow to invest for the future by adding value, you grow. Everyone seems delighted to borrow ever more against existing housing stock, which creates nothing.
- fennecfoxen 6y agoYes, but only if you add value. It is of course possible to borrow to invest in the future, and lose value, particularly given the time value of money. Do you think this proposed investment is being made with conservative, reliable underwriting, such that we can be confident that it will deliver value?
- imtringued 6y agoWhat if people are doing nothing with their time [0]? If that's the case it wouldn't matter what the money is spent on. Of course it would be better to optimize everything perfectly but that is a luxury that's not available to everyone. [0] Most likely mass unemployment due to the corona virus.
- fennecfoxen 6y agoPlease avail yourself of an economics work and read about what the "time value of money" is and how little it is connected to unemployment. You will be able to engage in a coherent discussion. Thank you.
- amiga_500 6y agoYes, I agree. You have a fence that needs painting, paint, a brush, and a guy who is about to spend the day watching daytime TV. Yet we are told, no!, do not pay this man, we can't afford it. We cannot get that day back when the sun sets. Economics has let us down very, very badly.
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