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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:MV81MjkyMTQ1Xzk3NTM2MzU0X0ZCNkFGMUE2] [quote:Anonymous Coward 77670353:MV81MjkyMTQ1Xzk3NTM2MzExX0VGNkNDMDJE] [quote:Anonymous Coward 42717143:MV81MjkyMTQ1Xzk3NTM2MjU4X0YzMUVEN0JB] [quote:Anonymous Coward 77670353:MV81MjkyMTQ1Xzk3NTM2MjQ1Xzk0QjQ5QTQ2] [quote:Anonymous Coward 42717143:MV81MjkyMTQ1Xzk3NTM2MTg0XzRENDA1Qjg1] [quote:Anonymous Coward 77670353:MV81MjkyMTQ1Xzk3NTM2MTMzXzMwRDAxN0VE] [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] You only want people replying who give you nice answers. If you want me to agree the % is low, then you need to agree that is the case, by design. Americans have been encouraged to over leverage their lives and pay interest on everything. Then they fail, banks repossess, and the cycle continues. That's why no one has any money. If Americans saved their money, instead of 6 streaming accounts, 3 car payments, $300 weekly grocery bills full of junk food, they'd saved 40k a year. In 10 years they could buy a nice home outright. Instead you want to argue that it's better to borrow 500k, pay back 100s of thousands in interest, so you can be remembered as the hero grandpa who left a 'legacy home for his family. Get real dude. [/quote] No I want intelligent answers… unlike yours You’re just saying only people with hundreds of thousands of dollars should own homes. That’s means wealthy people would very quickly own all the homes as they would be the only people able to buy them. You haven’t really thought this through. You’re just mindlessly parroting grievances commonly made by uneducated people that have no concept of finance. [/quote] I never said only? If you want to take out a big fat loan, to prove we need lenders, then go for it. No one's stopping you. But I'm confused why you keep saying wealthy people are going to buy all of the homes if they aren't quickly lent out to middle and middle upper class. There's plenty of homes out there with for sale signs. "Rich people" aren't buying all of them. A lot are sitting for weeks now. Tell me where your logic is in there? I'm not picking it up. [/quote] Well you’re not picking it up because you aren’t very bright Without lending, only very wealthy people can afford to buy homes. What about that don’t you understand? Lol [/quote] Savings accounts aren't a thing anymore? Reducing monthly expenses to increase monthly savings? Saving enough for a home and not just a down payment? [/quote] You clearly are financially illiterate Sweetie, do you know what % interest you get for savings? Do you know what % inflation is? It’s not “savings” sweetheart And again, you are saying only people with a lot of liquidity should be home owners. That means a guy just getting buy will never be able to pass anything down to his kids. [/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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