Concordia Healthcare Corp. T.CXR.R

Select101 and the Troll- worth the repost

[Pj1958]

Stockcoach1 wrote:

select1011 wrote: The only difference is that it is unlikely that your house would ever fall in value by 75%, and if it did, try finding a bank that will refinance you.

 

 

 

Select, I have you on ignore, but sometimes your BS filters through another's quote. Obviously, even this simplified example doesn't get any traction in your slippery brain.
Let me try again.  

 

Once upon a time nestled in Generic Drug Manor there were some nice affluent homes. You moved in and bought yours for $500,000. Several homes away a $3 million home (VRX) burns down to the ground, and there is nothing left but the lot worth $350,000 and rubble that will cost $300,000 to clean up.

Soon after a Troll comes around trying to convince you, that your place is worth the same as that burned out shell down the street and that the bank will never refinance you....(even though you already have financing). The Troll gives you an unsolicited offer of $50,000. 

 

So you ( the numbnuts that you are) accept it, and join the Troll, trying to convince your neighbours to also sell to the Troll. 

In time the Troll flips all the homes he bought for 10x the purchased price.

The Troll lives happily ever after.

 

[Investor198]

I like story but that TROLL should be SELECT lol