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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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...
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 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? 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. I'm not talking about interest rates associated with a savings account. Has nothing to do with what we are talking about. Save you money for 10 years. Buy a home. Save your money for 3 years, have a down-payment, then pay for home for 30 years plus interest. If that's what you're into, because your an instant gratification type, then do it. Your last sentence really summed everything up. You're fighting for the underdog. The guy "just getting by" who wants to leave something for his family. Why should someone just getting by who does the bare minimum, have anything to leave behind? If a person isn't making enough to own a home, maybe they should look at what education they really have.
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