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Updated over 9 years ago,
established Brokers renting leasing home and car not just office?
im still relatively new to socal (originally from long island and the nyc metro area) but in networking with alot of seasoned area 'brokers' i'm surprised to hear from quite a few (3-4, out of like 12 i've had conversations about my finances so far) that they still rent their condos and lease cars.. idunno, maybe its the new trend in society, to 'rent' everything?
personally i've never bought a vehicle with a loan but i have had a mortgage once and will need ne for next purchases too as ended up vested in my primary residence, and i can totally relate to the need for renting one's office/businessplace due to the even higher prices of coastal socal commercial properties. but what about the established brokers nowadays that are still renting everything longterm? might it affect your impression of them once learned, or are u more objective as to the bottom line being how much they produce? me i'm openminded and know everyone's priorities are different ie a father of 5 kids i admire he put their education funds first, over what he does or doesnt 'own'; but just wondered if brokers are sometimes evaluated by peers along such lines as owning vs renting.
seems to me lately alot of acquaintances around exude bountiful success and throw around huge volume numbers but sometimes when given a look an inside look at their assets either some are hidden, lots of $$$ is being spent on overhead/expansions, and/or ppl nowadays somehow generally r spending beyond their means no matter what income bracket?!