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.

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?

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.

What? Your post makes zero sense. What are you trying to say?

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?

Eat shit and die

You literally asking us to vote trump to not vote hillary

Exact same logic.

We don't want manipulation of the markets, houses do not worth that prices, money should not be printed out of nothing by mafious families and fuck you if I will ever enskave myself to pay you interest on fantasy money and tokens.

The reason houses can’t be bought with cash after a couple years of saving is because the banks drive the cost up into the stratosphere.

This is banking 101. The creation of the 30 year treasury bond was the death knell for affordable housing.

Do some research, you will likely be anti-bank once you do.

Ok I understand you’re angry and have a low IQ but do you have any logical points to make or you just want to emote?

There is a fix on your problem. Factory made HIGH QUALITY houses that can obliterate the market and turn your 500.000 house to it is real price...20k at best.

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 made it: eat shit and die

You are just justifying slavery.

lol banks don’t drive up housing costs. Supply and demand does

GLP is full of pure idiocy

You’re a seriously condescending asshat with preconceived notions of answers you will ‘accept’

Money is evil- as are those worship it

You naive little retard.

Banks and insurance have designed the markets so you can't pay cash for a house or car. So then you have to pay a vig to schloomos cousin because the house or car is bank owned.

Go back to Israel you fucking jeww rat.

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.

But if you put zero or low interest on savings then people use houses as pure investment. There are endless empty houses and appartments because of this.

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.

I paid cash for my house and my car

Once again, more pure bullshit lies from the low IQ vermin that crawl through the gutters of glp

Who is forced to take out a loan?

You can buy cash or rent

A loan is an option

Slaves don’t have options

You just really want to be a victim. That’s in style now.

/fail

I thought a loan was a necessity

Yes people bought houses because they wanted to make money on it. Wow, what a concept!

Yet somehow that is the banks fault?

Now I will say I do think we should limit institutions and foreign entities from buying real estate in the US.

For instance in europe starting with Gen X it was impossible to get a loan even with two people signing it with both of them a permanent working contract. The only way was to give as collateral another property. In case parents couldn't or wouldn't want to offer their own property as collateral...no loan...and you ended to rent forever.

Op I fucking hope you need a transplant one day or some cure that was turned into a commodity and you fuck die when someone explain to you that is fine to speculate on basics life necessities.
I want you and your children to die slowly of thirst because some muderficker like you decided that water isnt a human right and that you need to pay 100 dollar for 1 litre of water
Then you will finally realize how stupid you are.

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.

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.

Money isn’t evil, it’s a tool.

I guarantee you want money. You’re a hypocrite and a low IQ child.

Money isn’t evil, it’s a tool.

I guarantee you want money. You’re a hypocrite and a low IQ child.

I paid cash for my house and my car

Once again, more pure bullshit lies from the low IQ vermin that crawl through the gutters of glp