Cash Is King

☆ The “Cash Is King” Principle, Is Used By The Financially Astute, In Real Estate Purchases

News Analysis: Mr. Amancio Ortega Gaona, the Businessman of Renown of Spain, allegedly uses the: “Cash Is King” Principle In Real Estate Purchases. Across the Globe, reportedly, he has acquired Stellar Properties using Cash as his Incentive for Coy Sellers to sell properties to him he wants.  

Many Businessmen (especially in America)  use “Other Peoples’ Money” (OPM) to acquire Real Estate. Many of those of Humble Origins do this by selling Shares of their Stock, issuing Corporate Bonds, or other means such as Real Estate Investment Trust Certificates and the like to get money they DO NOT HAVE. It allows ‘Investors’ the privilege of letting “‘Humble Origin Others” obtain their “Hard Earned” Money and spend it as these NOW “Real Estate Financiers” decide: “The Blind Leading The Blind” many people say. Through Press Releases and Media Attention, the “Pot Grows like a Ponzi Scheme”, these ‘Financiers’ typically become “Patrons of the Arts” (it even sounds impressive).

The 2008 Real Estate Bubble , which these ‘Financial Geniuses’ did not foresee is an example of their Collective Ignorance, people say. The present “Stock Market Bubble” is indicative that the “Blind” have not learned the lesson of 2008 Real Estate.

Real Estate is Mainly Based on the universal “Greater Sucker Principle”: Buy property and hold onto it until a ‘Greater Sucker’ comes along that will pay your Higher Asking Price, then ‘Dump It’ on them.

Since Real Estate can be rated using a plethora of Judgment Scales as to ‘Worth’, “Actual Value” is typically a “Financial Hologram” (committed to strenuously by those who do not know any better) some Economists think.

One can expect Real Estate Brokers and Property Owners to be most receptive to Astute Mr. Gaona since he obviously holds the “Keys to the Kingdom”: Cash (Instant Liquidity); It gives him Bona fides, few other “Stock Certificate Holding ‘Billionaires'” can match.

Reality.

Reference: http://tinyurl.com/n7fx762

☆ American Families’ Unwanted Squandering “Relatives” Living In Their State Capitals

News Analysis: American Families’ Unwanted Squandering “Relatives” Living In Their State Capitals are the State Income Tax Collectors. The Average State and Local Tax Rates vary widely from a Lowest Collective Rates in Wyoming to ‘Draconian’ Tax Rates in New York.

One may expect that the Alleged present New York City Citizen, the  former Nicaragua “Sandinista” Visitor and Confidante, of Daniel Ortega (currently Nicaraguan  President) would want high Local Taxes on the “Wall Street Capitalistas”. “Por que No?” “Los Hombres Economicos tienes mucho dinero; moneda lo queremos”. Comprende?

Wise Businessmen with Large Incomes will do well to consider moving to other States with ‘Reasonable’ Taxation. For example, a movement to next door Nevada from California would make much economic sense. The profligate spending of Sacramento, California Politicians has almost bankrupted the “Golden State”.  “Ill-advised spending primarily on ‘Residents of questionable Bona fides, has been occurring for decades at the Expense of California’s Citizens”, many people reportedly say.

Current Communication capabilities makes living in another state both feasible as well as Economically Wise (especially Businessmen). For example,  A Major Wall Street Entity has extensive activities in Salt Lake City, Utah; a Wise Decision. 

“Cash is King”; why give it to the ‘Unappreciative Squandering Relative’ living in the State Capital? Keep your Money in YOUR Pocket, Legally.

Reality.

Reference: http://wallethub.com/edu/best-worst-states-to-be-a-taxpayer/2416/#methodology