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REPORT ABUSIVE 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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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.
Quoting: Anonymous Coward 42717143 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 Not a total fail. While what he said isn’t 100% true, it’s much more true and untrue. The vast majority of people do need loans to buy homes. Here’s something crazy for you guys that don’t ever get exposure to financially literate people. Check this out- rich people love loans. They love debt. They use it to their advantage. Now personally, I am less into debt. I didn’t grow up wealthy so I still have some of those ideals. However I do see the benefits of being able to buy large items with small down payments, refinances, etc.
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