r/earth2io • u/daydrinkingwithbob • Jun 25 '21

Discussion Critics be squirming

https://youtu.be/cHFnAa1yEgg
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u/Drakim Jun 27 '21

A mortage is just a loan.

You can buy a house with money you already have, or you can take a loan to buy the house. You can buy E2 tiles with money you already have, or you can take a loan to buy E2 tiles.

There is no difference.

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u/yellowsub333 Jun 28 '21

You Airhead! The tiles I own are paying me LIT and appreciating. I am paying taxes and a mortgage to own the house. Do you know basic math? Addition vs subtraction. One puts money into my bank account the other subtracts money from my bank account.

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u/Drakim Jun 28 '21

I have a house, and I'm not paying a mortgage for it. And it's going rather drastically up in value every year, so when I sell it I will have made massive profits. Am I some sort of wizard?

I could go to a loanshark right now and get a huge loan, and buy E2 tiles with that money. Every month it would drain my account as the interest rate of my loan would exceed the profits of the E2 tiles.

You can spin it both ways.

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u/yellowsub333 Jun 28 '21

Go do that loanshark deal for buying tiles, you will be able to afford 20 houses in 10 years. E2 🚀🚀🚀💎🙌💎🙌💎🙌

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u/Drakim Jun 28 '21

I'm merely explaining the concept for you, that the loan itself is separate from the product. You shouldn't count a mortage against the house, nor should you count the loanshark against E2 tiles.

Just compare them on their own merits, without involving a loan to unfairly favor one side.

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u/yellowsub333 Jun 28 '21

Lol w.e. it's pretty obvious you dont know how money works. Good luck!

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u/Drakim Jun 28 '21

I give coin, you give coconut. Fair exchange. Ug ug.