A Quote by Frank Zappa
There will never be a nuclear war; there's too much real estate involved.
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The business side of real estate investing is fraught with risk. Unlike purchasing mutual funds or savings bonds, with real estate, you can lose money; this is one of the reasons that seasoned real estate investors caution neophytes never to get too emotional about a property and always be willing to walk away.
Teller contended, not implausibly, that hydrogen bombs keep the peace, or at least prevent thermonuclear war, because the consequences of warfare between nuclear powers are now too dangerous. We haven't had a nuclear war yet, have we? But all such arguments assume that the nuclear-armed nations are and always will be, without exception, rational actors, and that bouts of anger and revenge and madness will never overtake their leaders (or military and secret police officers in charge of nuclear weapons). In the century of Hitler and Stalin, this seems ingenuous.
What people really haven't thought about with real estate is, if you get tax reform, you're going to see real estate now... the velocity of selling and buying real estate will just kick.
I arrived at my hut in Beverly Hills just in time to keep real estate men from plotting off and selling my front yard. They will sell you anything or anybody's in the world as long as they can get a first payment... It used to be only Iowa that was out here but now they have three or four adjoining states interested and they are here, too. Real estate agents - you never saw as many in your life; they are as thick as bootleggers.
What is John Arriaga's circle of competence? Is it real estate? No! Is it U.S. real estate? No! Is it California real estate? No! Northern California real estate? No! Only real estate around Stanford. His circle of competence is this small.
Donald Trump has been both a peculiar and characteristic American figure for more than three decades. Inheriting a small New York real-estate development company from his father, he parlayed it not so much into a big real-estate company, but himself into a fantasy of a big real-estate developer.
A nuclear war cannot be won and must never be fought. The only value in our two nations possessing nuclear weapons is to make sure they will never be used. But then would it not be better to do away with them entirely?
Real estate investing is unique in that it's almost as much a career or a way of life as it is a form of investing. Indeed, the fact that real estate is involves so much sweat equity makes it unique among other investments.
A real estate closer. Oh, what's that? I'm a real estate opener. What is a real estate closer? You mean at the end where you've got to sign all those papers?
Today the strategies of many companies in the real estate industry are premised on low interest rates, an assumption that has resulted in the rapid expansion of the real estate securitization business. This trend could be regarded as a risk factor, as it exposes the real estate sector to at least three potential problems: first, interest rate hikes; second, revisions to securitization business accounting standards; and third, overheating in the real estate market.
Ninety percent of all millionaires become so through owning real estate. More money has been made in real estate than in all industrial investments combined. The wise young man or wage earner of today invests his money in real estate.
Do not choose for your friends and familiar acquaintance those that are of an estate or quality too much above yours...You will hereby accustom yourselves to live after their rate in clothes, in habit, and in expenses, whereby you will learn a fashion and rank of life above your degree and estate, which will in the end be your undoing.
Many foolish people believe that nuclear war cannot happen, because there can be no winner. However, the American war planners, who elevated U.S. nuclear weapons from a retaliatory role to a pre-emptive first strike function, obviously do not agree that nuclear war cannot be won.
There are indications because of new inventions, that 10, 15, or 20 nations will have a nuclear capacity, including Red China, by the end of the Presidential office in 1964. This is extremely serious. I think the fate not only of our own civilization, but I think the fate of world and the future of the human race, is involved in preventing a nuclear war.
I shall add that only he who has decided to commit suicide can start a nuclear war in the hope of emerging a victor from it. No matter what the attacker might possess, no matter what method of unleashing nuclear war he chooses, he will not attain his aims. Retribution will inevitably ensue.
Much as Cold War nuclear strategists could argue about winning a nuclear war by having more survivors, advocates of a Global Warming War might see the United States, Western Europe, or Russia as better able to ride out climate disruption and manipulation than, say, China or the countries of the Middle East.
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