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Saudi Arabia not renewing Petrodollar agreement…..
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<blockquote data-quote="BadIdeaGuy" data-source="post: 5925045" data-attributes="member: 73381"><p>It's laundromat syndrome.</p><p></p><p>Poor people go pump quarters every week into machines to get their laundry done, because they can't "afford" to buy the machines themselves. Even though they end up spending far more than if they just owned their own machine.</p><p></p><p>The laundromat isn't doing that out of the kindness of their hearts, and neither do landlords.</p><p></p><p>Landlords provide a lower entry point in housing costs.</p><p>And make it up on the back end by charging more than the cost of home ownership over time.</p><p></p><p>Most landlords have leveraged debt to finance their projects.</p><p>You are paying the mortgage for them. And the insurance, and the taxes, and the repairs.</p><p></p><p>Convenience is rarely free.</p></blockquote><p></p>
[QUOTE="BadIdeaGuy, post: 5925045, member: 73381"] It's laundromat syndrome. Poor people go pump quarters every week into machines to get their laundry done, because they can't "afford" to buy the machines themselves. Even though they end up spending far more than if they just owned their own machine. The laundromat isn't doing that out of the kindness of their hearts, and neither do landlords. Landlords provide a lower entry point in housing costs. And make it up on the back end by charging more than the cost of home ownership over time. Most landlords have leveraged debt to finance their projects. You are paying the mortgage for them. And the insurance, and the taxes, and the repairs. Convenience is rarely free. [/QUOTE]
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