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arthur_affect's profile
Arthur Chu
Arthur Chu
Arthur Chu
Verified account
@arthur_affect

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Arthur ChuVerified account

@arthur_affect

Mad genius, comedian, actor, and freelance voiceover artist broadcasting from the distant shores of Lake Erie (he/him)

Broadview Heights, Ohio
arthur-chu.com
Joined August 2009

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    1. Arthur Chu‏Verified account @arthur_affect Jan 28
      Replying to @thelindsayellis

      I don't really see putting your money in an index fund as "gambling" more than buying investment properties Individual stock picking absolutely is gambling though

      3 replies 2 retweets 180 likes
    2. Lindsay Ellis‏Verified account @thelindsayellis Jan 28
      Replying to @arthur_affect

      PROPERTY IS REAL YOU CAN PUT YOUR FOOT ON IT. STOCKS ARENT REAL ARTHUR

      48 replies 2 retweets 227 likes
    3. Arthur Chu‏Verified account @arthur_affect Jan 28
      Replying to @thelindsayellis

      Just because you can put your foot in a house doesn't mean its value can't rapidly dwindle to nothing for reasons you don't understand or control

      5 replies 1 retweet 168 likes
    4. Lindsay Ellis‏Verified account @thelindsayellis Jan 28
      Replying to @arthur_affect

      yeah idgi. a house is equity you can use you can use for stuff like, idk, shelter. you can't use stocks for literally anything. stocks aren't real.

      24 replies 0 retweets 90 likes
    5. Jersey Mike‏ @sturmovikdragon Jan 28
      Replying to @thelindsayellis @arthur_affect

      But to keep the home value high you have to do all those anti-social things you typically complain about. 🤷‍♂️

      1 reply 0 retweets 1 like
    6. I.M.Gibbon‏ @IMGibbon Jan 28
      Replying to @sturmovikdragon @thelindsayellis @arthur_affect

      Even if your house is worth zero made up market value, it's still a house. It provides shelter and storage and all sorts of other magical house things. Stocks do less than none of that.

      2 replies 0 retweets 0 likes
    7. Danjal Veskandar‏ @danjal87 Jan 28
      Replying to @IMGibbon @sturmovikdragon and

      There are plenty of things that can happen that devalue that aswell. Whether we're talking the building burning down, ground polution, bombing or any of a number of other things. They're no more or less real than what can go wrong with a company or its stocks.

      1 reply 0 retweets 1 like
    8. I.M.Gibbon‏ @IMGibbon Jan 28
      Replying to @danjal87 @sturmovikdragon and

      Are you just ignoring the fact that a physical building or plot of land still holds non-monetary value regardless of whatever made up money number is attached to it? "Oh but the house could burn down! It's the same as this number on the graph!" Yeah okay

      2 replies 0 retweets 0 likes
    9. Arthur Chu‏Verified account @arthur_affect Jan 28
      Replying to @IMGibbon @danjal87 @sturmovikdragon

      If I theoretically offered you a totally random house somewhere in the country for $0, sight unseen, no strings attached, it would be a very bad idea for you to take the deal

      1 reply 0 retweets 1 like
    10. Arthur Chu‏Verified account @arthur_affect Jan 28
      Replying to @arthur_affect @IMGibbon and

      Because I would probably be doing it to get rid of the house and save money, because a really bad house is a massive legal liability, a white elephant Houses *cost money* in terms of property tax and required upkeep (without which they can be condemned and the owner fined)

      1 reply 0 retweets 1 like
      Arthur Chu‏Verified account @arthur_affect Jan 28
      Replying to @arthur_affect @IMGibbon and

      And how much value "a place to live" has is completely dependent on the three Ls of real estate (location, location, location) Sure, taking my deal might mean you no longer have to pay rent But if the house is someplace you can't get a job, it probably leaves you way worse off

      11:15 AM - 28 Jan 2021
      • 1 Like
      • Mononokeynes🔰
      1 reply 0 retweets 1 like
        1. New conversation
        2. Jersey Mike‏ @sturmovikdragon Jan 28
          Replying to @arthur_affect @IMGibbon @danjal87

          Assuming a functioning government, true freedom is a property and enough tax free income to pay the property tax. A house in a poor location might have low value, but also has low taxes. A minimalist lifestyle is not for everyone, but it is an option.

          1 reply 0 retweets 0 likes
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