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Board: Porsche - Cayenne Language: English Region: Worldwide Share/Save/Bookmark Close

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    May 9, 2006 3:08:54 PM

    SoCalHoosier
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    SoCalHoosier
    Loc: California , United States
    Posts: 896, Gallery
    Registered on: Jun 13, 2003

    Our favorite Swede is in the news again!!!

    I think it's comedy when a total con can buy $6 million homes and yet doesn't have the brains to pay off a guy when he rear-ends him with a Cayenne.

    total dumbass...

    May 9, 2006 4:38:36 PM

    intouch1
    Rennteam Master
    intouch1
    Loc: Red Sea , Egypt
    Posts: 5752, Gallery
    Registered on: May 22, 2004
    Reply to: SoCalHoosier

    Re: Our favorite Swede is in the news again!!!

    agree if all this is true...let's wait for the outcome.

    one thing is sure though....he cant drive !

    May 10, 2006 12:12:18 AM

    Moogle
    Rennteam Master
    Moogle
    Loc: Bay Area , United States
    Posts: 5019, Gallery
    Registered on: Aug 9, 2003
    Reply to: intouch1

    Re: Our favorite Swede is in the news again!!!

    does it never end ? LOL

    May 10, 2006 3:40:07 AM

    GM AustinM
    Rennteam Moderator
    GM Austin
    Loc: Texas , United States
    Posts: 3530, Gallery
    Registered on: Sep 10, 2002
    Reply to: Moogle

    Re: Our favorite Swede is in the news again!!!

    Mortgage payments?!? Did anyone else read the article?

    Quote:
    During a hearing Monday, Los Angeles County Superior Court Judge Charles Palmer refused to lift a freeze on Eriksson's assets, including his $6-million home and a bank account. Prosecutors had the assets frozen to pay restitution if Eriksson is convicted. The judge did allow Eriksson to continue his mortgage payments.




    Mortgage payments?!? Yes, yes, I know, he can get twice the return on prudent equity investments. But still, if you really have THAT MUCH money, don't you pay cash for the house? I would! Why have some mortgage company poking into your business?

    I think he's an over-the-top, jetsetter, wannabe, ain't-got-no-brains screw-up!

    May 10, 2006 4:22:24 PM

    Mike S
    Rennteam VIP
    Mike S
    Loc: Somewhere , Taiwan
    Posts: 7720, Gallery
    Registered on: Apr 3, 2005
    Reply to: GM AustinM

    Re: Our favorite Swede is in the news again!!!

    Hahaha! He should just move back to Sweden!

    May 10, 2006 5:43:17 PM

    fritz
    Rennteam VIP
    fritz
    Loc: BaWü , Germany
    Posts: 10248, Gallery
    Registered on: Jul 23, 2003
    Reply to: SoCalHoosier

    Re: Our favorite Swede is in the news again!!!

    Quote:
    SoCalHoosier said:
    I think it's comedy when a total con can buy $6 million homes and yet doesn't have the brains to pay off a guy when he rear-ends him with a Cayenne.

    total dumbass...



    Give him the benefit of a doubt.

    Maybe Dietrich was driving the Cayenne.

    May 11, 2006 1:37:18 AM

    Moogle
    Rennteam Master
    Moogle
    Loc: Bay Area , United States
    Posts: 5019, Gallery
    Registered on: Aug 9, 2003
    Reply to: fritz

    Re: Our favorite Swede is in the news again!!!

    GM: don't forget that there are also significant tax advantages to leasing (cars) and taking out a mortgage to buy a home.

    there are many fabulously wealthy people who borrow money for purchases due to the 'small print' advantages.

    some famous quotes regarding (forget who said them)
    in the wrong hands though, these 'lessons' can be dangerous

    * "why spend my money when i can use someone else's?"
    * "being wealth is about making money, but more importantly, holding onto and managing it"

    May 11, 2006 12:08:26 PM

    GM AustinM
    Rennteam Moderator
    GM Austin
    Loc: Texas , United States
    Posts: 3530, Gallery
    Registered on: Sep 10, 2002
    Reply to: Moogle

    Re: Our favorite Swede is in the news again!!!

    Oh yes, I know. But, the psychological advantages of ownership often outweigh those tax advantages. There is also great risk in being highly leveraged. It works OK at times for a static financial condition but it's not much fun when conditions turn more "dynamic".
     
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