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Question for the anti-bank, anti-lending and anti-crypto crowd (who believe all 3)

 
Anonymous Coward
User ID: 42717143
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11/23/2022 06:49 AM
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Question for the anti-bank, anti-lending and anti-crypto crowd (who believe all 3)
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.
Anonymous Coward (OP)
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11/23/2022 07:17 AM
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Re: Question for the anti-bank, anti-lending and anti-crypto crowd (who believe all 3)
Not a single one of you can think of any answers, huh?

Says a lot.
Anonymous Coward
User ID: 77670353
United States
11/23/2022 07:21 AM
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Re: Question for the anti-bank, anti-lending and anti-crypto crowd (who believe all 3)
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.
Anonymous Coward (OP)
User ID: 42717143
United States
11/23/2022 07:22 AM
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Re: Question for the anti-bank, anti-lending and anti-crypto crowd (who believe all 3)
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.
 Quoting: Anonymous Coward 77670353


So then you think only people that have enough cash to buy a house should own one?
Anonymous Coward
User ID: 79931547
United Kingdom
11/23/2022 07:30 AM
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Re: Question for the anti-bank, anti-lending and anti-crypto crowd (who believe all 3)
we did just fine before j usury and j 'economics'
Anonymous Coward (OP)
User ID: 42717143
United States
11/23/2022 07:33 AM
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Re: Question for the anti-bank, anti-lending and anti-crypto crowd (who believe all 3)
Not a single one of you can think of any answers, huh?

Says a lot.
 Quoting: Anonymous Coward 42717143


not wasting time with a j cunt, bitch

fuck off
 Quoting: Anonymous Coward 79931547


we did just fine before j usury and j 'economics'
 Quoting: Anonymous Coward 79931547


First off I am so happy to know that I have gotten under your skin so much you follow me around like a little dog seeking my attention

Second, I notice that once again, you can’t refute anything I said. Just try to attack me personally as if any intelligent people would be swayed by your “argument”.

You have a laughably low IQ
Anonymous Coward
User ID: 84795815
United States
11/23/2022 07:34 AM
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Re: Question for the anti-bank, anti-lending and anti-crypto crowd (who believe all 3)
The biggest crisis of our time is the 21st century lending crisis. Lenders are creating outrageous terms meant to fail & giving them out to everyone just because they qualify to get fckd. The cap that they put on interest rates are determined by people lobbying on behalf of the lenders. Balloon payments should be illegal. Arbitrary adjustable payments should be illegal. When interest rates fluctuate, it's not proportionate to inflation and it does nothing but tighten the vice grip even further.

Precious metals are nothing but a store of value; the argument that we should go back to PM is a false paradigm meant to muddy the very real dialog that needs to be had. At this point if we went backed to asset beacked currency for the dollar, it would hurt the dollar more than help it due to all the cash now in circulation.


I'm too young to remember but there used to be a time when the main way people bought property was all at once. It sounds crazy but that was reality. The baby boomers messed that up living outside of their means because the financial institutions instigated it; that's why we're here.
Anonymous Coward (OP)
User ID: 42717143
United States
11/23/2022 07:35 AM
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Re: Question for the anti-bank, anti-lending and anti-crypto crowd (who believe all 3)
So far the responses are:

- only rich people should be able to buy houses and pass that down generationally

- some loser is jealous of _| e w s

That’s really all GLP can come up with? This is one of the biggest complaints you all have! It’s always the bankers this and usury that… and now no one can make a coherent argument?

I’m shocked.
Anonymous Coward (OP)
User ID: 42717143
United States
11/23/2022 07:37 AM
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Re: Question for the anti-bank, anti-lending and anti-crypto crowd (who believe all 3)
The biggest crisis of our time is the 21st century lending crisis. Lenders are creating outrageous terms meant to fail & giving them out to everyone just because they qualify to get fckd. The cap that they put on interest rates are determined by people lobbying on behalf of the lenders. Balloon payments should be illegal. Arbitrary adjustable payments should be illegal. When interest rates fluctuate, it's not proportionate to inflation and it does nothing but tighten the vice grip even further.

Precious metals are nothing but a store of value; the argument that we should go back to PM is a false paradigm meant to muddy the very real dialog that needs to be had. At this point if we went backed to asset beacked currency for the dollar, it would hurt the dollar more than help it due to all the cash now in circulation.


I'm too young to remember but there used to be a time when the main way people bought property was all at once. It sounds crazy but that was reality. The baby boomers messed that up living outside of their means because the financial institutions instigated it; that's why we're here.
 Quoting: Anonymous Coward 84795815


Lol what? The 21st century lending crisis?

You do realize for the past almost 10 years that money has been the cheapest basically it’s ever been?

Instead of having such a strong opinion about things you clearly know nothing about, maybe try educating yourself a little bit. And that doesn’t mean watch bitchute videos. It means real education.
BLACK GHOST

User ID: 80076858
United States
11/23/2022 07:39 AM
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Re: Question for the anti-bank, anti-lending and anti-crypto crowd (who believe all 3)
I think a lot of the problems would be alleviated if we didn't allow homes to be speculative assets.

Renting/Landlords shouldn't exist.

Homes should be HOMES. Shelter.

But I'm just a dreamer...
"We demolish arguments and every pretension that sets itself up against the knowledge of God, and we take captive every thought to make it obedient to Christ."
Anonymous Coward
User ID: 6176722
United States
11/23/2022 07:42 AM
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Re: Question for the anti-bank, anti-lending and anti-crypto crowd (who believe all 3)
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.
 Quoting: Anonymous Coward 42717143


Why should the U.S. government borrow money from a private bank at interest when the constitution allows them to create money without it?
Anonymous Coward
User ID: 77670353
United States
11/23/2022 07:43 AM
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Re: Question for the anti-bank, anti-lending and anti-crypto crowd (who believe all 3)
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.
 Quoting: Anonymous Coward 77670353


So then you think only people that have enough cash to buy a house should own one?
 Quoting: Anonymous Coward 42717143


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.
Anonymous Coward (OP)
User ID: 42717143
United States
11/23/2022 07:43 AM
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Re: Question for the anti-bank, anti-lending and anti-crypto crowd (who believe all 3)
I think a lot of the problems would be alleviated if we didn't allow homes to be speculative assets.

Renting/Landlords shouldn't exist.

Homes should be HOMES. Shelter.

But I'm just a dreamer...
 Quoting: BLACK GHOST


So you should just get a house for free?

If you can’t afford to buy a house… then what? You just get to use someone else’s house for free?

Are you sure you have developed logical mature ideas or are you possibly just a child that wants his toy now?
Anonymous Coward (OP)
User ID: 42717143
United States
11/23/2022 07:44 AM
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Re: Question for the anti-bank, anti-lending and anti-crypto crowd (who believe all 3)
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.
 Quoting: Anonymous Coward 42717143


Why should the U.S. government borrow money from a private bank at interest when the constitution allows them to create money without it?
 Quoting: Anonymous Coward 6176722


Would massive inflation be better??
Anonymous Coward (OP)
User ID: 42717143
United States
11/23/2022 07:45 AM
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Re: Question for the anti-bank, anti-lending and anti-crypto crowd (who believe all 3)
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.
 Quoting: Anonymous Coward 77670353


So then you think only people that have enough cash to buy a house should own one?
 Quoting: Anonymous Coward 42717143


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.
 Quoting: Anonymous Coward 77670353


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
Anonymous Coward
User ID: 77670353
United States
11/23/2022 07:46 AM
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Re: Question for the anti-bank, anti-lending and anti-crypto crowd (who believe all 3)
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.
 Quoting: Anonymous Coward 77670353


So then you think only people that have enough cash to buy a house should own one?
 Quoting: Anonymous Coward 42717143


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.
 Quoting: Anonymous Coward 77670353


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
 Quoting: Anonymous Coward 42717143


Just because the herd does one thing, and someone tells you not to follow the herd, doesn't make that person unrealistic.
Anonymous Coward
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South Africa
11/23/2022 07:47 AM
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Re: Question for the anti-bank, anti-lending and anti-crypto crowd (who believe all 3)
Not a single one of you can think of any answers, huh?

Says a lot.
 Quoting: Anonymous Coward 42717143


You will own nothing.

If you behave you will receive a small UBI

Get used to it.
Anonymous Coward (OP)
User ID: 42717143
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11/23/2022 07:48 AM
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Re: Question for the anti-bank, anti-lending and anti-crypto crowd (who believe all 3)
...


So then you think only people that have enough cash to buy a house should own one?
 Quoting: Anonymous Coward 42717143


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.
 Quoting: Anonymous Coward 77670353


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
 Quoting: Anonymous Coward 42717143


Just because the herd does one thing, and someone tells you not to follow the herd, doesn't make that person unrealistic.
 Quoting: Anonymous Coward 77670353


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.
Anonymous Coward
User ID: 13072131
United States
11/23/2022 07:52 AM
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Re: Question for the anti-bank, anti-lending and anti-crypto crowd (who believe all 3)
Not a single one of you can think of any answers, huh?

Says a lot.
 Quoting: Anonymous Coward 42717143


i have several answers but you are incapable of understanding them.

.
Larry D. Croc

User ID: 70736097
United States
11/23/2022 07:52 AM

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Re: Question for the anti-bank, anti-lending and anti-crypto crowd (who believe all 3)
I think a lot of the problems would be alleviated if we didn't allow homes to be speculative assets.

Renting/Landlords shouldn't exist.

Homes should be HOMES. Shelter.

But I'm just a dreamer...
 Quoting: BLACK GHOST



Where would people who cannot afford OR don't wish to be tied down to a piece of property perhaps due to the nature of their employment live in your scenario?
"Socialism only works in two places: Heaven where they don't need it and hell, where they already have it." Ronald Reagan

The trouble with our liberal friends is not that they're ignorant; it's just that they know so much that isn't so." Ronald Reagan
Anonymous Coward (OP)
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United States
11/23/2022 07:53 AM
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Re: Question for the anti-bank, anti-lending and anti-crypto crowd (who believe all 3)
Not a single one of you can think of any answers, huh?

Says a lot.
 Quoting: Anonymous Coward 42717143


i have several answers but you are incapable of understanding them.

.
 Quoting: Anonymous Coward 13072131


Lol ya sure

That’s a good one!

rofl
Anonymous Coward
User ID: 77670353
United States
11/23/2022 07:54 AM
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Re: Question for the anti-bank, anti-lending and anti-crypto crowd (who believe all 3)
...


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.
 Quoting: Anonymous Coward 77670353


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
 Quoting: Anonymous Coward 42717143


Just because the herd does one thing, and someone tells you not to follow the herd, doesn't make that person unrealistic.
 Quoting: Anonymous Coward 77670353


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.
 Quoting: Anonymous Coward 42717143


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.
Anonymous Coward (OP)
User ID: 42717143
United States
11/23/2022 07:59 AM
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Re: Question for the anti-bank, anti-lending and anti-crypto crowd (who believe all 3)
...


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
 Quoting: Anonymous Coward 42717143


Just because the herd does one thing, and someone tells you not to follow the herd, doesn't make that person unrealistic.
 Quoting: Anonymous Coward 77670353


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.
 Quoting: Anonymous Coward 42717143


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.
 Quoting: Anonymous Coward 77670353


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.
Anonymous Coward (OP)
User ID: 42717143
United States
11/23/2022 08:02 AM
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Re: Question for the anti-bank, anti-lending and anti-crypto crowd (who believe all 3)
And by your logic, no one should have car payments either. So only people that have enough money right this minute can buy houses and cars. Everyone else is shit out of luck and needs to save up for a decade before they can get a place to live or car to drive to work.

Some true geniuses here at GLP
Larry D. Croc

User ID: 70736097
United States
11/23/2022 08:03 AM

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Re: Question for the anti-bank, anti-lending and anti-crypto crowd (who believe all 3)
The biggest crisis of our time is the 21st century lending crisis. Lenders are creating outrageous terms meant to fail & giving them out to everyone just because they qualify to get fckd. The cap that they put on interest rates are determined by people lobbying on behalf of the lenders. Balloon payments should be illegal. Arbitrary adjustable payments should be illegal. When interest rates fluctuate, it's not proportionate to inflation and it does nothing but tighten the vice grip even further.

Precious metals are nothing but a store of value; the argument that we should go back to PM is a false paradigm meant to muddy the very real dialog that needs to be had. At this point if we went backed to asset beacked currency for the dollar, it would hurt the dollar more than help it due to all the cash now in circulation.


I'm too young to remember but there used to be a time when the main way people bought property was all at once. It sounds crazy but that was reality. The baby boomers messed that up living outside of their means because the financial institutions instigated it; that's why we're here.
 Quoting: Anonymous Coward 84795815


Lol what? The 21st century lending crisis?

You do realize for the past almost 10 years that money has been the cheapest basically it’s ever been?

Instead of having such a strong opinion about things you clearly know nothing about, maybe try educating yourself a little bit. And that doesn’t mean watch bitchute videos. It means real education.
 Quoting: Anonymous Coward 42717143



Once upon a time, let's go back to the 1940's, there were financial institutions that people called "building and loans" which were chartered at "savings and loans".

They existed for people to be able to get loans on property, mortgages.

We also had literally millions of GI's returning from WWII who were interested in readjusting to civilian life, get married, start a family, etc.

These folks did not, due to their service in our armed forces, have a pile of cash. Legislation was enacted allowing them to apply for mortgages.

The rule of thumb was, and probably should be for that matter, you can "afford" a house that's 3x as much as your household income.

So if you made $10,000 per year a $30,000 house was in the cards. Today if household income is $90k a house costing $275-$300k is affordable.

Go beyond that and trouble awaits.

The point being that mortgaging a property has been a routine, common behavior in the US for at almost the past century.
"Socialism only works in two places: Heaven where they don't need it and hell, where they already have it." Ronald Reagan

The trouble with our liberal friends is not that they're ignorant; it's just that they know so much that isn't so." Ronald Reagan
Anonymous Coward (OP)
User ID: 42717143
United States
11/23/2022 08:05 AM
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Re: Question for the anti-bank, anti-lending and anti-crypto crowd (who believe all 3)
^ can’t quote you bc of the ad…

Sounds like you’re agreeing with me
Anonymous Coward
User ID: 77670353
United States
11/23/2022 08:05 AM
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Re: Question for the anti-bank, anti-lending and anti-crypto crowd (who believe all 3)
...


Just because the herd does one thing, and someone tells you not to follow the herd, doesn't make that person unrealistic.
 Quoting: Anonymous Coward 77670353


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.
 Quoting: Anonymous Coward 42717143


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.
 Quoting: Anonymous Coward 77670353


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.
 Quoting: Anonymous Coward 42717143


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.
Anonymous Coward (OP)
User ID: 42717143
United States
11/23/2022 08:07 AM
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Re: Question for the anti-bank, anti-lending and anti-crypto crowd (who believe all 3)
...


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.
 Quoting: Anonymous Coward 42717143


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.
 Quoting: Anonymous Coward 77670353


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.
 Quoting: Anonymous Coward 42717143


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.
 Quoting: Anonymous Coward 77670353


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
BLACK GHOST

User ID: 80076858
United States
11/23/2022 08:09 AM
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Re: Question for the anti-bank, anti-lending and anti-crypto crowd (who believe all 3)
I think a lot of the problems would be alleviated if we didn't allow homes to be speculative assets.

Renting/Landlords shouldn't exist.

Homes should be HOMES. Shelter.

But I'm just a dreamer...
 Quoting: BLACK GHOST


So you should just get a house for free?

If you can’t afford to buy a house… then what? You just get to use someone else’s house for free?

Are you sure you have developed logical mature ideas or are you possibly just a child that wants his toy now?
 Quoting: Anonymous Coward 42717143


'YOU CANT JUST GIVE IT AWAY FOR FREEEE!!!'

Reee harder dude
"We demolish arguments and every pretension that sets itself up against the knowledge of God, and we take captive every thought to make it obedient to Christ."
Anonymous Coward (OP)
User ID: 42717143
United States
11/23/2022 08:10 AM
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Re: Question for the anti-bank, anti-lending and anti-crypto crowd (who believe all 3)
I think a lot of the problems would be alleviated if we didn't allow homes to be speculative assets.

Renting/Landlords shouldn't exist.

Homes should be HOMES. Shelter.

But I'm just a dreamer...
 Quoting: BLACK GHOST


So you should just get a house for free?

If you can’t afford to buy a house… then what? You just get to use someone else’s house for free?

Are you sure you have developed logical mature ideas or are you possibly just a child that wants his toy now?
 Quoting: Anonymous Coward 42717143


'YOU CANT JUST GIVE IT AWAY FOR FREEEE!!!'

Reee harder dude
 Quoting: BLACK GHOST


What? Your post makes zero sense. What are you trying to say?
Anonymous Coward
User ID: 77670353
United States
11/23/2022 08:11 AM
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Re: Question for the anti-bank, anti-lending and anti-crypto crowd (who believe all 3)
...


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.
 Quoting: Anonymous Coward 77670353


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.
 Quoting: Anonymous Coward 42717143


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.
 Quoting: Anonymous Coward 77670353


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
 Quoting: Anonymous Coward 42717143


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?





GLP