Re: [DMCForum] Re: The Constitution Is an Illusion Part II

["Lauren" <LPLand@xxxxxxxxxxxxx>]

And now I have to disagree with you, Bob.  I invest in properties and 
rent them.
> 
> Buying properties is not reinvesting in the economy. ...
> Why is this not reinvesting?  Simple,  the rich guy buy the home that
> was once owned by another person.  That reestates is now converted to
> rental property.? Guess where all the income now goes.  To the same
> rich guy.  No multiplying effect of money.  Therefore, it is not an
> investment that creates jobs.

Here's why I disagee -- my rental income goes back into the 
economy and the community and that does create jobs.   Or at least 
it supports jobs.  I don't do much of the work myself, I pay people to 
do it.  Mostly because some of it is just to hard for me to do.  I pay 
handymen, roofers, plumbers, electricians, laborers, drywallers, 
painters, glaziers, etc etc.  I pay taxes that go back to the economy 
and support the schools, county medical care, road maintenance, 
etc etc.  The commissions I have paid a realtor (OK, he's my friend, 
but nonetheless...) are well spent on his toys and lifestyle.  I bought 
a Delorean and keep a mechanic in business :}  The mortgages I pay 
support the people who work at the loan companies.  I could go on 
and on, but you get my drift.  And bottom line is that the people 
whose houses I've bought are merrily spending their profits too!

...........................LP

>

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