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$100K Richer than $200K

 
Anonymous Coward
User ID: 40962496
United States
06/01/2013 10:56 PM
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$100K Richer than $200K
Let say I have $100,000 and I do not have to pay any loan.

Mr. B has $200,000 but Mr. B has to pay loan of $180,000.

So who is richer ?
Supertobywong

User ID: 40603869
Australia
06/01/2013 11:14 PM
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Re: $100K Richer than $200K
The one with no loan. You


eg. You have a $100,000 house with no loan

and Mr B has a $380,000 house with a $180,000 loan.

Last Edited by Supertobywong on 06/01/2013 11:17 PM
Anonymous Coward
User ID: 40937959
United States
06/01/2013 11:17 PM
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Re: $100K Richer than $200K
Let say I have $100,000 and I do not have to pay any loan.

Mr. B has $200,000 but Mr. B has to pay loan of $180,000.

So who is richer ?
 Quoting: Anonymous Coward 40962496


Mr B of course for various reason.
Anonymous Coward
User ID: 40901012
United States
06/01/2013 11:28 PM
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Re: $100K Richer than $200K
It completely depends on what the guy did with his loan. If he's paying 5% interest on it and getting 10% back then he's ahead.





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