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Question for the anti-bank, anti-lending and anti-crypto crowd (who believe all 3)
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[quote:Anonymous Coward 42717143:MV81MjkyMTQ1Xzk3NTM2MDczXzU1N0VCOERF] [quote:Anonymous Coward 77670353:MV81MjkyMTQ1Xzk3NTM2MDUxXzg5NDZCQjcw] [quote:Anonymous Coward 42717143:MV81MjkyMTQ1Xzk3NTM2MDM0X0FGNzZFODc5] [quote:Anonymous Coward 77670353:MV81MjkyMTQ1Xzk3NTM2MDA5X0ZBRUFDNzA3] [quote:Anonymous Coward 42717143:MV81MjkyMTQ1Xzk3NTM1ODU2X0I4NEQwODU=] [quote:Anonymous Coward 77670353:MV81MjkyMTQ1Xzk3NTM1ODUxXzk1RTA0NTI2] Why borrow what you can't afford on your own? Why do you need a 3000sqft home for 500k to live in? Did you grow up thinking your life was going to be like your parents or grandparents? Big cushy home, multiple cars? Sorry bud, but your living a life of jealously for those who lived before you. You want what they had. If you want to emulate that life, sure, take out a loan for 500k. Pay back 750k. Not everyone wants to live OUTSIDE their means. Aka, take out huge loans for large houses. [/quote] So then you think only people that have enough cash to buy a house should own one? [/quote] Having enough cash to buy a home outright doesn't make a person rich. Rich is having the intelligence to make that money all over again after putting that 500k savings into an asset like a home. I think everyone should own a home or piece of property. I disagree with everyone should borrow, to own that home or property. [/quote] What % of people do you think have enough cash to afford to pay for the average priced home in the US? You guys have no grasp on reality [/quote] Just because the herd does one thing, and someone tells you not to follow the herd, doesn't make that person unrealistic. [/quote] Thanks for the meaningless nonsense Now, will you answer what % of people have enough cash on hand to pay for the average priced house? I’ll give you a hint: the number is very low And guess what that means? Only very wealthy people own land You all aren’t as smart as you think you are. [/quote]
Original Message
Say you want to buy a house. Should only people that have enough cash be able to buy?
If you don’t like fiat or crypto, do you think everyone should have hundreds of thousands of dollars worth of PM in their homes? I go to buy a house and I need $500,000 worth of gold and I am just going to hand it all to the seller? Who is then going to just trust it’s all real gold?
If you don’t believe in lending and interest, are you a commie that wants other people’s money for nothing? Why should a random stranger give you their money to use for free?
Seems like there is a segment of people who are anti anything financial (because they are financially illiterate) yet don’t have any realistic solutions on how things would work otherwise.
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