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04:52 PM
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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 80857626:MV81MjkyMTQ1Xzk3NTM2NTc1X0JBRDZERjAw] [quote:Anonymous Coward 42717143:MV81MjkyMTQ1Xzk3NTM2NDY3XzRDMDFFNTVB] [quote:Anonymous Coward 80857626:MV81MjkyMTQ1Xzk3NTM2NDI0X0IxNjQ3MUU0] [quote:Anonymous Coward 42717143:MV81MjkyMTQ1Xzk3NTM2MzkxXzI3QjU0QTI1] [quote:Anonymous Coward 84804441:MV81MjkyMTQ1Xzk3NTM2MzY1X0E3NDA5MkYz] [quote:Anonymous Coward 42717143:MV81MjkyMTQ1X0RFOEY1RkE4] 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. [/quote] The reason houses can’t be bought with cash after a couple years of saving is because the banks drive the cost up into the stratosphere. This is banking 101. The creation of the 30 year treasury bond was the death knell for affordable housing. Do some research, you will likely be anti-bank once you do. [/quote] lol banks don’t drive up housing costs. Supply and demand does GLP is full of pure idiocy [/quote] But if you put zero or low interest on savings then people use houses as pure investment. There are endless empty houses and appartments because of this. [/quote] Yes people bought houses because they wanted to make money on it. Wow, what a concept! Yet somehow that is the banks fault? Now I will say I do think we should limit institutions and foreign entities from buying real estate in the US. [/quote] Op I fucking hope you need a transplant one day or some cure that was turned into a commodity and you fuck die when someone explain to you that is fine to speculate on basics life necessities. I want you and your children to die slowly of thirst because some muderficker like you decided that water isnt a human right and that you need to pay 100 dollar for 1 litre of water Then you will finally realize how stupid 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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