This guy has made nothing but crap for years. I can't believe he is well paid. This kind of compulsive consumerism is pathetic.
Said amid America's worst economic crisis in 70 years. There's a lot of "pathetic" in this country right now.
Are you insinuating it is someone's patriotic duty to spend? Not quite sure what is funny about the statement but compulsive consumerism especially as far as real estate could fairly be described as to why we are in the crisis. One of the warts on capitalism to me has always been the attitude that if the economy wasn't growing it was dying. They gauge its health in new housing starts, etc. When is enough enough and you maintain what you have? Sports stadiums are the perfect example. People own washing machines longer than some venues' lifetime. It's an ecological disaster and, simply put, greedy and wasteful, IMO. Cage sounds like a guy who feels like he has to own everything he becomes intrigued by. It would seem his consumerism pre-dated the mighty collapse.
I dont think it's unpatriotic
to spend, especially in real estate. There is a reason they call it 'real'. It's not PETS.COM. It is land. One of the few things they aren't making any more of ( except in some parts of the Pacific ).
Now, if Cage had bought an amusement park and chimps, yeah that is wasteful, but if he bought 'castles', well? Seems he had a bad case of the 'gimmees'....
When I bought my first house in East Atlanta in 1997, I had to put 20% down or pay PMI.
When I bought my 2nd house, it was as easy as getting a credit card. THAT was the problem. LENDING the $$. Oversight. Cage is going into bk because he borrowed too much
: his financial guy probably does have some guilt
on him, after all there is a processing fee involved most times.
"Mr Cage, I recommend you dont buy this castle. However, if you deem it necessary, okay, but I will have to charge you for __"
I don't think that is out of the question. I'm sure the guy gave just as much 'advice' to cover his ass, but if he was worth anything he could have seen where this was going. I pay a handsome sum for good advice every month.
You do bring up a good question about sports 'authorities'. BnB, would you be 'just as happy' in the old Fulton Co stadium? Realy? I cannot say, I never went to 10+ years there....We built the Dome to attract the olympics, without that facility, we would not have had that. Billy Payne said as much. I could regale you with stories about the shenanigans involved with that whole fiasco, but why? Sometimes, ecology
just plain gets in the way. There is a certain amount of 'keeping up with the Joneses', and I see that point.
Wesley Snipes went to prison because some idiot told him he didn;t have to pay income taxes. Now: was that Wesley's fault? Sure was. But, you cannot excuse that guy who steered him wrong....
There are certain things we could do, and do not. I recall in my many trips to Europe being amazed at the tankless water systems they got. I was introduced to the hybrid car just before 9-11 in Switzerland! 4 years before the Prius was even on the market... Europe has the drop on us for sure, but those girls don't need all the hot H20 for shaving thier pits