rich people super rich are taking loans now why? what it means ?

[worldofcoins]

Wealthy people are brave enough to borrow more money because they have a lot of assets and they can pay what they owed. Maybe they use it to run their businesses and to grow and earn more in the future.

It is mostly because of the fact that they have more beautiful deals under their sleeves and whenever they have somewhat need for more cash they take a loan because they are sure that they will repay the loan along with the interest on the borrowed money and still be making a lot of profit from the loan that they took, so there isn't a lot of risk involved in these loans for them as they know how to handle these kind of risks in day to day life.

Well, only rich peoples can take loans.
Since they have properties and cars that they can use to repay a loan, ever heard poor people take a big loan ?.
No, because poor peoples have nothing to collateral. Cryptocurrencies can never be used as collateral since they are still not familiar with anyone and people still think its a scam.
Maybe in the future, when every people recognize the bitcoin, they'll use it as an asset or collateral but not for now.

[Darkelf11]

Wealthy people are brave enough to borrow more money because they have a lot of assets and they can pay what they owed. Maybe they use it to run their businesses and to grow and earn more in the future.

Loaning can be another away of using your money to earn a lot of money. You can use the money you loan in a business or you can buy your own stocks and shares. Wealthy people are being strategic on how they will manage the money they borrowed. Don't just spend money, think of making more money out of the money you had borrowed.

[Akiko]

Well, only rich peoples can take loans.
Since they have properties and cars that they can use to repay a loan, ever heard poor people take a big loan ?.
No, because poor peoples have nothing to collateral. Cryptocurrencies can never be used as collateral since they are still not familiar with anyone and people still think its a scam.
Maybe in the future, when every people recognize the bitcoin, they'll use it as an asset or collateral but not for now.

No, even middle-class person can also take a loan but don't expect that you will get a huge loan because your income is limited .they can only give you a loan base in your income and capability to pay. Unlike rich people that they can use all of their asset as collateral so they can easily take a loan same thing with poor people if they have a collateral for the loan he want they can have it .

[justdimin]

Well, only rich peoples can take loans.
Since they have properties and cars that they can use to repay a loan, ever heard poor people take a big loan ?.
No, because poor peoples have nothing to collateral. Cryptocurrencies can never be used as collateral since they are still not familiar with anyone and people still think its a scam.
Maybe in the future, when every people recognize the bitcoin, they'll use it as an asset or collateral but not for now.

No, even middle-class person can also take a loan but don't expect that you will get a huge loan because your income is limited .they can only give you a loan base in your income and capability to pay. Unlike rich people that they can use all of their asset as collateral so they can easily take a loan same thing with poor people if they have a collateral for the loan he want they can have it .

Loan amount can also be evaluated based on your previous years income because that grants you higher loans and better credit score is another factor that helps, so if you have in past taken loans and paid back on time you are always welcomed by banks for taking loans. Actually even banks are providing loans these days because everyone knows how past couple of months have been and one who has better credit and track record gets loan easily.

Personally I believe one should never take loans if they can sell off some assets because I am someone who had loads of loan on head at tone time and it is never easy to pay back plus the interest If you are taking loan just to invest in your business which is fine but if by any chance you are taking loans for covering daily expenses then you are just digging a bigger hole.

[Emitdama]

Wealthy people are brave enough to borrow more money because they have a lot of assets and they can pay what they owed. Maybe they use it to run their businesses and to grow and earn more in the future.

Loaning can be another away of using your money to earn a lot of money. You can use the money you loan in a business or you can buy your own stocks and shares. Wealthy people are being strategic on how they will manage the money they borrowed. Don't just spend money, think of making more money out of the money you had borrowed.

Exactly and a lot of people believe that borrowing money is a negative action but actually if you have a solid and robust plan about how to invest the borrowed money into something that brings higher returns than the interest, then it is always a wise and excellent decision to take loan. All the big companies and industries take loan and that's because they scale with that money and the returns are even bigger for them.

There might be rich people taking loans because now days after pandemic because there has been a reset for everyone and people need some money support to start their industries, no matter how rich someone is but having extra liquidity in funds never hurts.

[Kong Hey Pakboy]

Wealthy people are brave enough to borrow more money because they have a lot of assets and they can pay what they owed. Maybe they use it to run their businesses and to grow and earn more in the future.

Loaning can be another away of using your money to earn a lot of money. You can use the money you loan in a business or you can buy your own stocks and shares. Wealthy people are being strategic on how they will manage the money they borrowed. Don't just spend money, think of making more money out of the money you had borrowed.

Exactly and a lot of people believe that borrowing money is a negative action but actually if you have a solid and robust plan about how to invest the borrowed money into something that brings higher returns than the interest, then it is always a wise and excellent decision to take loan. All the big companies and industries take loan and that's because they scale with that money and the returns are even bigger for them.

There might be rich people taking loans because now days after pandemic because there has been a reset for everyone and people need some money support to start their industries, no matter how rich someone is but having extra liquidity in funds never hurts.

Rich people and business owners are taking loans in the middle of the pandemic because their sales went down. So they want to recover all of their losses from the past few months. Borrowing money in banks has low-interest rates, so they could easily handle their business and start making good profits for them to be able to pay back their loans.

[shoreno]

Wealthy people are brave enough to borrow more money because they have a lot of assets and they can pay what they owed. Maybe they use it to run their businesses and to grow and earn more in the future.

Loaning can be another away of using your money to earn a lot of money. You can use the money you loan in a business or you can buy your own stocks and shares. Wealthy people are being strategic on how they will manage the money they borrowed. Don't just spend money, think of making more money out of the money you had borrowed.

Exactly and a lot of people believe that borrowing money is a negative action but actually if you have a solid and robust plan about how to invest the borrowed money into something that brings higher returns than the interest, then it is always a wise and excellent decision to take loan. All the big companies and industries take loan and that's because they scale with that money and the returns are even bigger for them.

There might be rich people taking loans because now days after pandemic because there has been a reset for everyone and people need some money support to start their industries, no matter how rich someone is but having extra liquidity in funds never hurts.

Rich people and business owners are taking loans in the middle of the pandemic because their sales went down. So they want to recover all of their losses from the past few months. Borrowing money in banks has low-interest rates, so they could easily handle their business and start making good profits for them to be able to pay back their loans.

we are still in pandemic and business are still in critical conditions so i wont advice them to loan because the loans will be useless and they will end up on a great loss because they need to repay the loan with interest . banks do have a high interest but depends on the brand of bank maybe some will offer less interest with some conditions . i know rich people are always taking a loan and its not because of the covid but some take loans because of this reason  but poor people are the ones that are active now on loaning because they are the ones that are affected .

[Findingnemo]

As a result of pandemic banks were forced to give loans for very less interest rates so rich people are using this opportunity and take loans to invest on something, they know how to make money so its just a free gift for them.

[jaysabi]

many of the rich people got rich by taking these kinds of high risk moves. but they do it with some experience and the know how of the internals of the markets they are doing it it.
in the end fiat will always dump because of its inflationary nature and there is no escaping that. so if they could get more money even through loaning and invest it in assets that can not lose their value they can make a ton of money. of course again being in the inner circle helps them a lot.

No way it’s risky, real estate has always been viewed as a solid investment for the ultra rich, every ultra rich love to invest to real estate, it’s not uncommon many people think property is high risk, these people are usually rent property their entire life, they love to spread fud, and bearish on market crash, world wars will wipe out everything, business is doing bad and so on, by far all of them are proven wrong again and again, there is nothing wrong about them, because everybody hate taking loan from the bank, nobody want to have any loan, they want to buy anything that they can pay with just cash, yup they intend to buy real estate with dirt cheap price that they can pay with cash too, nobody in their right mind will want to make such an obvious loss making decision, they’re often looking at -50-70% below market rate property, which is some ridiculous rate.

Any leverage is risk. Look at Donald Trump. Despite being a "billionaire" on paper, he's leveraged to his eyes in for businesses that are just burning cash. He'll be bankrupt (again) within 4 years when the hundreds of millions of dollars in loans come due. No one is going to continue to lend to him now that we've got a whiff of the financials he's been hiding and understand why. Hell, most of the banks already stopped lending to him. That's why he cozies up to dictators, it's pretty much the only avenue he has left to access any potential loans. Trump's leverage will be his downfall because he's a horrible business man.

[cryptoboss2020]

many of the rich people got rich by taking these kinds of high risk moves. but they do it with some experience and the know how of the internals of the markets they are doing it it.
in the end fiat will always dump because of its inflationary nature and there is no escaping that. so if they could get more money even through loaning and invest it in assets that can not lose their value they can make a ton of money. of course again being in the inner circle helps them a lot.

No way it’s risky, real estate has always been viewed as a solid investment for the ultra rich, every ultra rich love to invest to real estate, it’s not uncommon many people think property is high risk, these people are usually rent property their entire life, they love to spread fud, and bearish on market crash, world wars will wipe out everything, business is doing bad and so on, by far all of them are proven wrong again and again, there is nothing wrong about them, because everybody hate taking loan from the bank, nobody want to have any loan, they want to buy anything that they can pay with just cash, yup they intend to buy real estate with dirt cheap price that they can pay with cash too, nobody in their right mind will want to make such an obvious loss making decision, they’re often looking at -50-70% below market rate property, which is some ridiculous rate.

Any leverage is risk. Look at Donald Trump. Despite being a "billionaire" on paper, he's leveraged to his eyes in for businesses that are just burning cash. He'll be bankrupt (again) within 4 years when the hundreds of millions of dollars in loans come due. No one is going to continue to lend to him now that we've got a whiff of the financials he's been hiding and understand why. Hell, most of the banks already stopped lending to him. That's why he cozies up to dictators, it's pretty much the only avenue he has left to access any potential loans. Trump's leverage will be his downfall because he's a horrible business man.

trump is funny guy

[DeadCoin]

As a result of pandemic banks were forced to give loans for very less interest rates so rich people are using this opportunity and take loans to invest on something, they know how to make money so its just a free gift for them.

 In my own analysis, I think taking loans is good to used for business right" perhaps, sometimes there is really someone who does not care about which is there is nothing important than money even if when money is overflowing.  Basically it is probably that assuming a large amount of loans is just a common for the rich people in the world of crypto even it is a risky as well as it is for good investment during this time  ,totally, it is also suitable to anyone who join with collateral.

[Sapphire915]

I believe its not new for rich people to take some loans. They often do this everytime they are going to put up some large businesses and they needed more capital. However, nowadays, loans is the only hope for us all to get back into place as we are all struggling to restore the businesses, jobs and our daily undertakings. Loans were created not just for the poor, but to all individuals who has the capability of giving back the payment in due time. In this pandemic time, some rich people didnt receive any aid or financial assistance from the Government, because of their status in the community though they are also affected just like anybody else living in this world and being hit by this covid-19.

[Mauser]

I believe its not new for rich people to take some loans. They often do this everytime they are going to put up some large businesses and they needed more capital. However, nowadays, loans is the only hope for us all to get back into place as we are all struggling to restore the businesses, jobs and our daily undertakings. Loans were created not just for the poor, but to all individuals who has the capability of giving back the payment in due time. In this pandemic time, some rich people didnt receive any aid or financial assistance from the Government, because of their status in the community though they are also affected just like anybody else living in this world and being hit by this covid-19.

First of all we need to realise that there is still plenty of money being issued around the world. Interest rates are still close to their lowest levels and governments are trying to increase inflation with printing more money. So the cost to take out loans is very low right now compared to 20 years ago. And in the end it just depends on what you are doing with the money. If you manage to get a higher return on your funds than the borrowing cost, you make profit. On my opinion the rich people are just leveraging up, taking cheap money and invest it in their profitable business to  make even more money.

[EdenHazard]

As a result of pandemic banks were forced to give loans for very less interest rates so rich people are using this opportunity and take loans to invest on something, they know how to make money so its just a free gift for them.

+1
The other reasons is that the money held in the banks need to be in circulation especially during these crazy tough times where recession happened almost in every single country around the world, so yeah sometimes the banks themselves more to force us to take loan with very interesting offers.. they need to bring the money out and those hyper businessman won't just stand there seeing the big opportunity to make more money passes.

I still think that till this date , the uncertainty will last little longer and the opportunity to taking loan and make more money out of it through the financial market uncertainty includes cryptocurrency market which looks sexier than ever.

[Xembin]

Business is all about risk. That's why Bible said poor will always be among the richest. Poor people are afraid to collect loan to improve their businesses and start making money from the business than to be scared of loan which rich men are using to grow their businesses in the country.
I think rich men are not okay with their businesses because they always want to do more in their business that is why most of them want to collect loan to grow their businesses.

[SquallLeonhart]

Trump situation is different, dude says he owns assets that worths over a billion, and he has over 400 million dollars in debt at the same time, so his justification is the fact that his assets (real estate) could generate enough income to make more money for him than the debt he has to pay.

Obviously almost all presidents leaves their jobs to someone else before they get inaugurated so that they do nothing that could help his own business, this dude however stayed at trump places all the time and made all of his security team and advisors and basically everyone who wanted to kiss his ass stay at his places to pay his debt back and make his real estate worth more. So dude is not rich, he is just a con man who claims he is rich, but until his real estates are sold, all the prices he lists are speculations.

[Findingnemo]

As a result of pandemic banks were forced to give loans for very less interest rates so rich people are using this opportunity and take loans to invest on something, they know how to make money so its just a free gift for them.

 In my own analysis, I think taking loans is good to used for business right" perhaps, sometimes there is really someone who does not care about which is there is nothing important than money even if when money is overflowing.  Basically it is probably that assuming a large amount of loans is just a common for the rich people in the world of crypto even it is a risky as well as it is for good investment during this time  ,totally, it is also suitable to anyone who join with collateral.

For business purposes it is good time to take loans but what kind of business really matters now because priority of consumers changed due to the economic and financial imbalance in their life so choose something which people needs more than anything for now.

[Rodeo02]

As a result of pandemic banks were forced to give loans for very less interest rates so rich people are using this opportunity and take loans to invest on something, they know how to make money so its just a free gift for them.

 In my own analysis, I think taking loans is good to used for business right" perhaps, sometimes there is really someone who does not care about which is there is nothing important than money even if when money is overflowing.  Basically it is probably that assuming a large amount of loans is just a common for the rich people in the world of crypto even it is a risky as well as it is for good investment during this time  ,totally, it is also suitable to anyone who join with collateral.

For business purposes it is good time to take loans but what kind of business really matters now because priority of consumers changed due to the economic and financial imbalance in their life so choose something which people needs more than anything for now.

And make sure that the business you will open can survive with this generation which is much more advance compare to normal business we have before pandemic came. Or else you will be in depth which is harder to recover if you failed with your business because we are just starting our business from scratch  .but its a good opportunity for every one because no one is ahead and behind and everyone is equal. Its only depend how much the capital you need to use to start your business .

[davinchi]

Do Honestly when you “say” your assets worth billions of dollars that is kind of true but I just believe that he worths that much. Look at michael bloomberg, they are basically enemies of each other because they basically do all the same things, they are both from New York and they are both real estate giants and look how much bloombergs money is open into the world. The difference is bloomberg made his money from software for wall street and not buildings but got into tons of buildings later on as well. If Trump  worths ton of money he should be able to prove that too right? He can’t prove because he doesn’t worth that much money at all.

[CASTIEL05]

rich people around the world taking loans?
they use their properties as collateral what it can be out come for propery market? what they do with money?
do they use same method as taking loan against your crypto instead of selling a asset?
what we can expecing? the property prices will go higher?

https://www.bloomberg.com/news/articles/2020-04-09/ultra-wealthy-pull-cash-from-mansions-to-buy-beaten-down-assets

We don`t care anymore to them since we can loan also without their permissions. It is just normal to see rich people taking loans and make their property as collaterals. We don`t what they will be done to their loans and how could they paid it. But as long as the money that they will rapay to the loans are not coming from illegals. It is their strategy specially nowadays that the economy is in the recession. To prevent, the shutdowns of a company you have to risk in loans. Made it the best to delay the possible shutdown of a company and paid it after the pandemic.