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REPORT COPYRIGHT VIOLATION IN REPLY
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Message Subject
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Question for the anti-bank, anti-lending and anti-crypto crowd (who believe all 3)
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Poster Handle
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Anonymous Coward |
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Post Content
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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 Just because the herd does one thing, and someone tells you not to follow the herd, doesn't make that person unrealistic. 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. 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.
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