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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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...
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?
Quoting: Anonymous Coward 77670353 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. How much can the average person save in ten years? Especially when paying rent. In most areas of the country, ten years would get you a down payment. Stop being an obtuse asshole. You damn well know a loan is a necessity for anyone wanting to own their own home./fail
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