Why is it legal to state that interest is "3% over 30 years" when it's actually 50%? The INTEREST is quite literally 50% of the capital you borrow. That's what it should be marketed as. This should be the law. I don't care that inflation over time eats into the bank's profit (interest). The figures should be honest. It gets even shadier when they throw terms like "real interest" or "APR" around. It should just be flat out illegal. The real interest is 50%
>>536061492What exactly are you complaining about?
>>536061492its funnier when it was 9% in the 1990s and you paid nearly 300% over 30 years for that househouse 120kwhat you paid in principle and interest at the end of 30 years = 298kit is what it is. You want the house you pay the evil lenders what they wantthe reality is they make that house ownership a reality and they don't get equity you earn. which is like 9x what you paid for it 30 years ago in places like Californiaa 120k house in 1992 is now worth 800-1.2 Million now depending on locationso its not all bad
>>536061492silly goyim
They lie to keep the wages and interest rates down that the government pays on its debts.I have a government job and now they are offering a 1% indexation of my income to the unions. lol
>lady I'll fucking rape you.
>>536061492Its 3% month over month. It's up to you to not be a retard and do basic bitch algebra we learned in highschool.
>>536061492Or you could learn how to use a fucking calculator? Or just fucking ask point blank with no wiggle room?
>>536061492Oy vey that's antisemitic
>>536061924Funny. Look into the (((McGraw Hill))) story, and you'll see why the actual math was never taught in a real life scenario so that the average person could understand the OPs point.
>>536061924it's 3% yearly (YoY)
>>536061492I rang the bank and asked them this and she said its compound interest
>>536061924Kys kike
>>536061663>so its not all badspacing checks out
>>536062148>>536062187I thought o.p was talking about inflation. Lmao. Anyway, compound interest isnt some insane calculation. Its like what A=principal times 1 plus the rate over the number of compounding periods in a year (frequency) to the frequency times years power? Thats like baby math.
>>536062332Are you one of those anons that thinks an education is useless but is simultaneously bitching endlessly about a lack of assertiveness?
>>536061492yes of course, which is why in norway you have to market it that way by law
>>536062429>Ayo what you talking about "principal", I ain't in school no mo nigga, ain't no principals hangin' 'round here
>>536062429I love how all you fucking tards completely miss OPs point in some vain attempt to give yourself an ego boost
>>536062667I reread the o.p and hes just confused about basic algebra and not talking about a higher order problem.
If you're too stupid to understand math, then you are the perfect candidate to receive this loan. Thanks!
>>536062871theres no higher order problem retardall he is saying is that the total cost of the loan should be stated on the advertisement as wellthere is no way to disagree with this unless you are fucking retarded which is why this thread will go to 500 replies
>>536062871Your reading comprehension is fucking shit.
>>536062929Thats in the line item "total of payments". Have you never taken out a loan? Also, the math is fucking easy. If you cant even calculate that you may as well kill yourself. That's 8th grade math. I learned that when I was like 12.
>>536063048It's not about the ability to do math, you illiterate fuckwit.
>>536062952Great. Not an argument. Stay in highschool and maybe you will be able to calculate middle school algebra problems, dummy.
>>536063095You keep complaining but you haven't explained what you're complaining about, so tits or get the fuck out.
>>536063145He's complaining about kiked obfuscation.
>>536061492In the USA, the Truth In Lending Act requires that the total cost of borrowing be disclosed. Anyone who claims that he wasn’t told is lying.
If repaying a $100,000 loan is $200,000 over 30 years, it should be advertised as a loan with 100% interest, because the loan's cost to the mortgagee is 100% of what they were loaned through interest. If one pays it back sooner, it's still 100% interest, you just didn't pay 100% of THE interest (something that can happen on any loan that's repaid sooner than its terms)All replies arguing that the "math is easy" are supporting dishonest representation of loans. Adding additional complexity to a math problem is antithetical to basic mathematics, kike logic, and, ironically, a brainlet take, as you've made things more complicated for zero benefit or reason.
>>536063441Finally someone who isn't just here to pat themselves on the back. Holy shit
>>536063441dishonest.i can sell you the Brooklyn Bridge for $99.99. see you dont think its 100 dollars
>>536063177Its not obfuscated. Its simple algebra. You pay monthly at a fixed anual rate. Not everyone should own property. They can't do basic math. Imagine them trying to budget in yard maintenance or god forbid upgrades that don't, as an example, flood their neighbors house which is actually common because motherfuckers can't into basic ass hydrodynamics like not pointing thier gutter downspouts into their neighbors basement.Everyone wants to be a land owner until its time to land owner shit.
>>536063441Retard>>536063580RetardI can guarantee neither one of you has to worry about getting a loan.
>>536061492>polacks trying to do mathand failing as usual, like with everything they do
you can pay it back early
>>536064584>you can pay it back earlywith penalties
>>536061924Understanding compounding interest is calculus-level knowledge, you need to understand summation/series as well for payments too. Its not algebra level at all really (calculus uses algebra, but it requires extra knowledge).>>536063441This.
>>536064719>its calculus levelIts isnt. Especially not what we are talking about ITT which is, im assuming, mortgages. We arent compounding tensile strength ratings over time and temperature variants.
>>536064506You try telling me how paying back $450,000 on a $300,000 loan, therefore an interest of $150,000, isn't 50% of the capital borrowed. Go.
>>536065112Well, it is if you are paying it back in one lump sum. Thats not what we are talking about.
>>536061492you could add insurance costs to this as well. It should be illegal that I am paying 7 times more now that when I bought the house and never had a single claim. My insurance is triple my principle payment. theft as much as the usury
>>536064603not really in bongland. it's more of a mutt thing. there are penalty clauses but they're nowhere like as egregious as mutt ones.
OP is correct. advertising should not require the viewer to do math because advertising targets the limbic system. Americucks live dishonest advertising, like announcing a great price in 100point font and the gotchas in 6 point font. Calculating compounds interest is easy for me. I still don't want to do math when i look at an advert. If advertisers object to this it's because they think omitting the information about the total works to their benefit.
>>536065194All I'm saying is 3% feels like a scam to me. I know it's a hedge against inflation, for which the "target" is 2.5%, but in the end it's us little guys getting fleeced the most. Ideally both the interest rate AND inflation should be as low as possible. Therefore I postulate that muh 3% interest and muh "healthy" 2.5% inflation is a SCAM peddled to us so we (((they))) can keep fleecing us.
>>536065110Actually understanding it is calculus level. You can use a formula with algebra, but you dont actually get what it does, its a black box, so you are vulnerable to financial tricks. Calculus is where you understand what it means for a function to grow at a rate proportional to the functions value, or to pay interest at a rate proportional to the principle. And most americans dont take it.
What if 1% inflation was the target and we never settled for more than 1.5% annual interest? The total interest wouldn't exceed 25%. Ideally we should go even lower.How about 0.75% inflation and 1.25% annual interest? Then the total interest is only 4%. I.e. about what is advertised.That's what I mean. That's the scale of the scam.
>>536061565Jews, he is complaining about Jews.
>>536063441>All replies arguing that the "math is easy" are supporting dishonest representation of loans. Adding additional complexity to a math problem is antithetical to basic mathematics, kike logic, and, ironically, a brainlet take, as you've made things more complicated for zero benefit or reason.It is beneficial for the parasite-class and they have feelings too you know so maybe you should start being a little bit more considerate?
>>536065465We arent getting into irregularities, anon. We are talking about fixed rate mortgages.
>>536061492You can pay it off sooner and it will be less. Its 3% per year
>>536063311Nah we trick people with this stuff at my job
>>536061663Conveniently ignores housing prices dramatically outpacing wages
>>536065882Yet homeownership rates aren't dropping.
>>536064020>>536065112I can guarantee that there are people who think 100000 at 3% for 30 years, means that over 30 years, they will pay back 103000 for something they spent 100000 on.These people may be idiots, but they are also victims.
>>536065939By BlackRock and other Jewish entities
>>536065971I can guarantee you that no bank is allowing someone to sign before reading the line item "payment of loan" that stipulates the principal plus the interest payment. If they are too fucking dumb to understand that then I guess mass literacy was a waste of time and we should go back to fuedalism and put them back in the fields. Which would you prefer so you can sleep better at night?
>>536066052No, millenial homeownership is higher than boomer homeownership.
>>536062332> learning basic finance is schlomo tricknologyNGMI
>>536061492you learn about compound interest in 9th grade, OP.
>>536066146they inherited those homes. they didnt buy them. kek.
>>536066217>moving goal postsWe have been here for 250 years. Of course we are inheriting land and buying more. What are you some immigrant complaining that you don't own land you just arrived in?
>>536066123Just ban usury. "You can pay me x now, or you can pay me y every month for the next z years" is functionally the same.
>>536066167>tricknologyTop kek
>>536061492>>536061924it's 3% interest every single instantaneous moment of your excruciatingly painful life retards. it's just divided up into 12 payments over the year. can't believe adults still don't know how compounding interests works. you are all goycattle
>>536061663A 125k house cost 10,000 dollars in 1990
>>536061565He didn't realize that people who buy houses pay like 3 times the price because of the usury.
>>536061492>I can't do basic math>This is the bloody free markets fault sarGovernment education system working well I see.
>>536061492Usury should be illegal and Jesus flipped the tables of the money lenders for a very good reason.
>>536066602Look at the social systems in the countries that banned usury that im sure youre retardedly referencing, anon. It was fuedalism. Get your ass back in the fields. You can make the argument that we have a form of fuedalism with usury and property tax but with that also comes a level upward mobility unseen. And if your ass cant save 40k to make a down-payment on some property who the fuck are you to dictate fiscal policy?
>>536061492Right? I thought it wasn't that bad but then I did more research. It's all evil everything thing that involves money.
>>536061663>they don't get equity you earnOh goy.
>>536066167ayo them crakkka ass kkkapitalists be using that tricknology on our asses, for real bruh yakub created da free market n math n sheit
>>536061492>Why is it legal to state that interest is "3% over 30 years" when it's actually 50%?Because you are poor, you don't fucking have 250k+ needed to buy a house, that's why!Here is a free 250k for you, gee, how nice it would be to just pay it back whenever and however, right?
I converted to Islam and got a halal loan 0% from my local mosque
>>536061492Why is interest even legal? Getting a loan with interest should be illegal, punishment for lender AND borrower
>>536066945*an aboriginal approaches humans*
>>536066945I was thinking about converting to get an interest free mortgage.
>>536067008Why don't white people do this? Oh yeah they're cattle who just complain and dont actually try to help their community.
>>536061492Compelling argument. Ask the SCOTUS. If they agree bankers and their managers lose 100% of their wealth and assets. If they refuse then the SCOTUS is illegitimate and the court system should be ignored.
>>536067070Regale us with how your brown community is better, anon.
>>536061492>The INTEREST is quite literally 50% of the capital you borrow.Shut it down.
>>536061565Obfuscating marketing terms used in advertising.
Interest works both ways you retards, and a mortgage is the most advantageous kind of interest you can get in your life since it generally stays near inflation rates.you need to stop taking predatory credit card loans at 20% to buy shit you cannot afford, instead invest your money and let the interests work for you so you can retire early
>>536061492>borrowing money from the jews What did u expected
>>536061492Only dumb goyim don't use a loan calculator. Soon they will be banned online and the math formulas they use banned.
>>536067070Jews lie to white people out of jealousy.>>536067171You mean>Pathological liar kikes scamming their superiors109 times and kikes still can't see a pattern.
>>536061492>Why is it legal to state that interest is "3% over 30 years" when it's actually 50%? The INTEREST is quite literally 50% of the capital you borrow.Is it?(1.03^30 - 1) * 100 = 142.7%No you're paying back 2.242 times what you've borrowed.
>>536067181>Interest works both ways you retards,Then why do kikes keep getting kicked out of countries? Why is usury banned in many religions?
>>536067317>in many religionsLol. LmaoName one
>>536067147>>536067300get as mad as you want whitie, i still dont see you offering 0% loans to your own community, you are performative, you are liars, im just posting TRVKES dont mind me, call me a jew, call me a capitalist, call me whatever, you know im right
>>536067317Usury is banned because the vast majority of people are vain retards who willingly go into debt just to consoom, and for the record I do believe it should be illegal because unfortunately people are still retarded.kikes use usury to their advantage because they have built their culture and upbringing around how to wield it as a weapon, usury in itself is not inherently jewish, anyone can benefit from interests or get shackled by them.jews simply have better education when it comes to finances than most people.when in reality taking out a mortgage at a favorable interest rate is a smart move, there is good debt and there is bad debt.Most companies grow through debt used to finance their operations, people need to understand that debt can be used as a leverage if you are smart about it, unfortunately your countrymen go into debt just to drive some shitty overpriced SUVsThere is nothing more retarded than taking out a loan to buy a depreciating liability
>>536061492>itt faggots that dont understand APR
>>536066217I bought mine you moron
>>536061565OP is a Jew hater
>>536067300>Jews lie to white people out of jealousy.It's an ancient genetic resentment.They have more Neanderthal genes than most other hominid groups. They have a genetic memory of their ancestral genocide.Genetic Euro Homo sapiens killed the Semite Neanderthals en masse, to the point of extinction of pure-gened Neanderthals, likely due to Neanderthal behavior that was abhorrent to Homo sapiens, e.g., cannibalism.
kek if you think you've it bad just wait until your kikes start pulling the same trick they pulled here.Just for a preview, in this shithole if you want a loan for a house (or construction/repairs that also apply) they only offer UVA/UVI adjusted loans, basically they lend you money but you don't owe them money but instead a certain amount of those, and over that goes the interest rate, let me put you an example:- Loan is 100k (imagine 1X0 house, downpayment of X0 and 100k left for the loan), you go to Bankesteinberg and they give you the 100k with a 2% interest/year for 30 years under classic french amortization (you pay first the interests and at the end the capital), lets say 1st year what you pay goes 40/60 between interests/capital average and the total interest will amount to 32,73k.- UVA is 1k each so now you owe 100 UVA (100 x 1k) as capital and 32,73 UVA for the total of the interest (as it is also converted to UVA), your monthly payment is now $368 but that's because you repay 0,368 UVA/month (0,147 interest + rest for capital) and that month the UVA is still at 1k.Now comes the happymerchant.png moment:- UVA is indexed to inflation (prices) and wages (average) in a monthly basis.- Now both your interest AND capital is indexed, so let's say you started paying the loan back in february and with the gas hike the UVA went from 1k to 1,05k on june.- You already payed 4 months (february, march, april and may), so you already canceled 1,472 UVA (0,589 interests and 0,883 capital), your loan is 100 UVA so by june you owe 100 - 0,883 = 98,528 capital and 32,73 - 0,589 = 32,141.- Congratulations goy, now you owe Bankesteinberg 99,117 * 1,05k = 104072,85 capital and 32,141 * 1,05k = 33748,05- Now after you payed 4 months of a loan of 100k capital + 32,73k interest = 132730 total you owe the bank 104072,85 + 33748,05 = 137820,90, so not only your payments did shit, your debt increased by 5k in 4 months.
>>536061492Real estate jew do interest only loan. Basically they never pay any equity, just collect the cash flow.
Id say with the current hidden inflation the banks are losing money
>>536065939They're at historic lows for under 40s retard
>>536067978I'm not reading an ESL book
>>536061492Wait what the fuck are you talking about how can it be 50?????
>>536062667Are you new here lol. You can only ever have solid discussion once you find an actual human anon and do a little back-and-forth chain. It does happen every now and then and it's actually way better interaction then most other places but I'm not on TikTok or any of that other shit
>>536068091No, they aren't or you provide data. You cant because homeownership in the u.s per capita had remained unchanged for the 100 years the data has been logged. People complaining about home ownership are immigrants and retards living way beyond their means for the "hustle and bustle".
>>536068260You just replied to a 1pbtid faggot who was replying to me. Are you new here?
>>536067978I would have to agree with the other guy. I feel like I am almost understanding your point but there are some English difficulties here. Just fucking post in Spanish bro, everyone here is already Mexican
>>536068336I don't look at post by IDs I usually just stay in one thread and hammer post random shit and then I leave and never return
>>536068358Don't ever talk about board culture, fatass. Lurk more. Post less. I can tell you're fat by how dumb you are.
>>536068338i just got used to do it that way, makes me feel better, kind like when a jeet goes "good mornin saar" even if he can do it in perfect english, can't live with out it now.
>>536068431Suck me baby. Been here since 2008. Tongue me anus deeply
>>536068203Dude it's like 200-300%
>>536067978Bro I don't care. They made recursive interest or something. When groups of people start doing this and say BUT THE PAPER SAYS SO you start hanging them and their families, then taking your money back. I hope there isn't a global high grade oil crisis leading to jet fuel shortages that shut down air travel, then they can't fly to run away.
>>536068298I don't give a shit about the US you're just poor china. Win a war stinky.
>>536066146That is not true
>>536061663Just buy the house all cash, what's the problem? You poor or something?
>>536061492Because you can pay it off in the short term and only pay 3%.Don't buy a house first of all, it's a stupid idea; They are over priced.It's like women if you want sex, (a place to live) just rent one out. You don't buy one.There are better uses for your money than buying a house and paying the bank for 30 years (basically your whole life) every spare cent you have. You're basically selling your whole life out. This might make sense if you have a big family, or something, and you sacrifice your whole life for your kids. But it's 2026. Your parents should've done that for you by virtue of you even existing and being alive today.I have no idea how people have been in this country for generations but still don't have a paid off roof over their heads given to them by their parents. You must be the absolute bottom of society.If you find yourself in that unfortunate case, either buy a house and sign your whole life away to pay for your parents mistake so your kid can have a shot at a normal life witohut being a bank slave..
>>536069178Look it up, dummy. Comedians and podcasters aren't sources which i know is where you get all of your information from.
>>536065530>How about 0.75% inflation and 1.25% annual interest?you should understand the last 20 years were not the norm, rates are ususally much highermaybe you should back to communism
>>536066123>"payment of loan" that stipulates the principal plus the interest payment.do they write in the final total, like in polakos case,write 450k$$ total and make you sign just under it ?
>>536067978>1st year what you pay goes 40/60 between interests/capital averagelolmore like 5/95
>>53607005195/5 fucking jews made me fuck up
>>536070015There's no way they write $3 million for a $1 million 30 year mortgage. People would be livid if they knew the truth.
>>536061492dumb people should sufferthat being said, expel all jews yesterday
>>536061492>The INTEREST is quite literally 50% of the capital you borrowit's impossible to know because it depends on how and when you pay it back. also the 50% is not inflation adjusted.just don't be a fucking retard when taking a loan. there's online calculators and everything. you have no excuse.
>>536061565He's a vile antisemite
>>536067629t. kike
>>536067473Didn't bother reading. Next time post>I'm a child raping scam artist kikeIt saves internet space
>>536066602I am down with banning us but you have to understand that the entire loan lending business won't exist the way it does now if they can't make money off interest. You would only really be able to get loans through some sort of active effort, proof of concept, or networking. Ultimately that's healthier but the free money days are over, no more debt based to purchasing to live it up
>>536070693>There's no way they write $3 million for a $1 million 30 year mortgage. People would be livid if they knew the truth.exactlyi hear its more normal to only discuss monthly payment, never anything more
>>536063441Don’t borrow someone else’s money.
>>536067305We don't talk about that formula in the states
>>536071755Doesn't debt just drive up prices anyways? Just ban interest and they can sell products on no interest financing if they want to sell so badly.
>>536064603>>536064719No penalties on nearly all American mortgages except some specialty non-conforming ones. That is a loser cope. Understand basic math; pay the mortgage back early and save buttloads. The world isn’t against you — you are a bum.
>>536061492You'd need to be an idiot, to expect that a $1,000,000 loan, will have you paying back $1,030,000 (paid in 360 instalments). Everyone that has consulted about buying a home, gets shown the amount they'll end up paying.
>>536071989I think I'll just vote to confiscate Jewish assets and expel them, how about that? Leave the unmarried women under 20.
>>536066728No it didn’t.
>>536071989>early all American mortgages except some specialty non-conforming ones. That is a loser cope. Understand basic math; pay the mortgage backPAY THE MONEY GOYMOST JEWISH POST ITT
>>536066797>usury.30 years to pay your loan. Of course the interest will be outrageous. Lobby government to pay some of the interest for you. Or live within your means, and rent a place that'll never be yours.
>>536072023Cool. If you ran on that platform you would have my vote.
>>536072074Why? Don’t borrow money; it isn’t required to buy a house. Work harder. Even the commie-pigs require you work. Get off your ass neet, maybe you’ll even get laid.
>>536072080The counter point of this thread is don’t take the 30 years to pay off the loan. Being obtuse doesn’t really sell your angle, it just makes you seem dumb.
>>536070918Fucking Ai makes this so easy that even you retards can figure it out.
>>536068807> Been here since 2008I am sorry for your loss.
Basically I'm just not gonna finance the shitboxI know.... UGH I know ..... I'm sorry!!!!!!!!!!!!!!!!!!!!It's just that I'm not gonna finance it is allHAHAHAHAHAHAHAAAHAHHAHAHAHAHA
>>536072094>>536072164>>536072212>>536072262>>536072313look at this rude jew niggerloving cocksucker
why world collapsed after 9/11?
>>536062148Please elaborate on the McGraw story.
>>536063441So you are getting into some weird shit where you want to change fundamentals of mathematics. They do have terms for what you are looking for. It is called interest paid, total cost, etc. These really aren’t hard concepts to grasp.
>how did the bankers know how to scam me out of money
I don't even want a house. I certainly don't want a house that's going to cost more than twice the price and enslave me to a bank for my entire adult life. How did they ever trick people into this?
>>536066123There is an amortization schedule in front of your face when you sign a loan. It shows you YoY how much principal and interest dollars you will pay. Always blows my mind when people buy a home and they are like “I already paid X dollars on my mortgage but still owe Y!!” That was page one of the amortization schedule lmao. No one is a victim, some are just more retarded than others.
>>536072887Peer pressure and shaming tactics, you see it all the time in these threads. People defending the status quo, calling you schizo for not loving modern mortgagesIt's honestly stupid. Giant ponzi scheme imo
>>536066713I work at a bank with mortgages.Interest does not compound continuously. The way interest works is that the interest rate you have is what you agree to pay every year on the balance. Year 0, 300k balance, 3% = 9000 interestYear 1, 295k balance, 3% = 8850 interestYear 2, 290k balance, 3% = 8700 interestETC
>>536072970>paying off a loan in 50 yearsJust not for me, thanks. Don't feel like throwing hyperinflating dollars at it
>>536061565JUDEN DETECTED, PREPARE THE TECH HITLER
>>536072462McGraw Hill? Owned by Ghislane Maxwell's father? Robert Maxwell? The man who turned peer review into a for-profit government extrotiin scheme? I'm sure he made the best textbooks ever for elemensry schoolers. Robert Maxwell did NOT fill them with bullshit like the Holocaust, Islamic terrorism, the KKK, and blame white people for all of it (instead of Jews.)IDK what anon's mentioning specifically, but always good to know how Ghislane Maxwell's father made his money, by raping the sciences and brainwashing children.
Bros I don't feel so good about taking power back from the jews after reading this thread. Y'all retarded as fuck.
>>536061663>>536061492>9% per year for 30 years is actually not just 9%what is this kindergarten shit? why are we discussing basic math? have you all taken a shit in your brains?
>>536061492I simply ask how much do i have to pay back, and how many percent is that from the amount i would get. Then i say no, that's too much. I don't want to be in debt more than i want to have a house/car/my own company.
>>536066713this is why these retards constantly think they are being tricked. because the truth that they are actually just retarded is too hard for them to accept.
>>536073101The whole point of a mortgage is that you lock in a price and interest rate. If you buy today for 300k and tomorrow niggerkike trump inflates the dollar 10000x, then you will be able to pay off your house for the equivalent of $300. Does that make sense? Mortgages are the only thing you can use to avoid inflation. For example when I bought my house in 2019 it was 250k. Now its worth 400k, but im still paying the mortgage as if it was 250k. My mortgage did not inflate.
>>536061565about the usual jewish spellcasting and usury, isn't it obvious?
>>536061663>a 120k house in 1992 is now worthNah, not even close realistically speaking>so its not all badYeah, it's even worse than any one thinks or knows
>>536061492Because the people who offer the loans also write the laws. Perhaps not the exact same people, but the same tribe.
>>536061492Why indeed.
>>536071966Me: I consent paying you X+y% after a couple of years if you give me X nowBank: I consent to that dealYou: REEEE BAN THIS
3 % annual interest is actually a 150 % increase over 30 years. It's criminal (see credit river decision).
>>536081243The irony is that the people who bump these threads to 300 are unemployed, unemployable, and have single digit credit scores.
>>536061492Please be better at math.
>>536071837Who's money is it? The banks get the money from the fed and the fed prints the money from thin air.
>>536061663paying 9k on a 3k credit card purchase made me forever disregard Jew money
>>536061492just dont be a broke jewish slave who worships a jew and you wont have to beg jews for money, its really that simple. instead of borrowing high interest loans at usurious interest, which has sustained jews for two millenia, you instead find a jew, kill them, and then live in their mansion off the infinitely stipened gibs on the cards they had in their wallet that are exclusive to jews because some christcuck up and handed them control of your government's money supply so only jews can issue it, while your government has to borrow its money at usurious interest, just like you do.tldr - the solution is simple: quit being a stupid christcuck
>>536061492Marketing trick
>>536061492
The thing is the money the bank "lent" you was actually created by your signature as an IOU, they deposited your financial instrument and then cut you a cheque. They then turn around and charge you interest sometimes up to 300 % over the life of the mortgage on money that never existed in the first place.
>>536083312Marketing like corning 18 year olds and telling them them sign a 100k death pledge with their banks and not telling them they will never pay it off
There's actually not enough money in circulation to pay back all the debt, diabolical system this fractional reserve banking. It's Babylonian money magic.
>>536083339Yes it’s a debt system, the bank prints the money it lends, but when the money is repaid, that debt pool goes to zero. To be fair to the banks (who are insufferable cunts who deserve no fairness) they need to change interest or they will have made 0 money when the load is repaid.I’d like to say crypto as currency solves the problem of near zero interest loans, but we all know the cunts running the show will keep the same rates and cream then profit.
>>536083552What do you mean the world is 400 trillion in debt? Whose death will pay for this?
>>536061492>woman discussing financeback to the kichen, now
>>536062148Only someone who doesn't understand math thinks it's a good idea to strip this down to "50%" without stating the period and implying that 3% per year is necessarily what you are going to pay. Paying 50% more and paying 3% interest over 30 years simply isn't the same thing.
>>536061492Don't forget the money they lend to you is fake, it doesn't belong to them or anyone else. They write a line in a book that they gave that money to you and you have to pay it back + interests + mandatory insurance
>>536072080Many of the homes people still live in in small towns and cities were bought with 3-10 year mortgages. 30 years were necessary to justify the cost of building suburban tract homes and selling them to poor white people putting on airs. And then the suburbs went underwater anyway. ...Perhaps partly because the mortgages were overpriced.
>>536061565He's complaining that the cost of financing over the lifetime of a loan is not prominently mentioned in the conversation of interest rates. Cost of financing is disclosed when you get a mortgage though
>>536061663>so its not all badYou're a mong. It's worse than all bad
>>536083656>they need to change interest or they will have made 0 money when the load is repaid.Cool, let's do that.
>>536083876*were built with
>>536066146The biggest sign you know reported US homeownership rates are complete bullshit is that they count having a mortgage as “ownership.” If you have a 30 year mortgage and still owe a million dollars that’s technically “owning your own home”. Intentionally obfuscating real outright homeownership with still owing millions of dollars is one of the biggest kike wool pulls in history.
if interest wasnt a thing I'd have my house paid off many years ago, 1300 a month, 800-900 of that every month goes to interest alone lol, for many many years now
>>536062929You guys now you can pay down ahead of time right
>>536061492how has it been 2000 years and christian nations haven't done a thing to abolish jewish money lending practices?
>>536064020>erm no one should own a home who can’t mathematically map hydrodynamicsYou’re a fucking faggot and a total moron just fyi
>>536061492At least here they tell you that it is X% interest and over the Y years in the term you will be paying Z in interest payments over the principle.We have laws about disclosing all of that to the borrower to try to help out people who do not understand how it works.
>>536061663It only seems like you are winning when you look at it nominally. Your house may have changed value but you have to account for the units your measuring in changing as well.
>>536061492>Why are government employees evil lying scumbags?
>>536071837>>536083049The banks print the money too.You just pay them because THEY are allowed to counterfeit but YOU are not.People really don't understand that the bank doesn't need to have money to "lend" money.
>>536061492It's simply easier to calculate opportunity cost by using the same unit (1 year). You can compare 2 investments based on that number. Now if you say that one investments returns 50% over 9 years and another returns 75% over 13 years, you have to convert them back to 1 year to compare which one makes more sense.
>>536066146Are you fucking retarded? It's 80% for boomers and 55% for millennials. >>536084257You get equity in the home by paying the mortgage. That's still ownership, even if it's not the entire value of the property. But you're right in that the majority of boomers will own outright or even reverse mortgaging.
>>536084972Everything's a moving target and valuations are almost impossible to normalize without making assumptions specific to the particular piece of property, which is another way of saying that it's all bullshit.
>>536083656They have no risk, if the loan isn't paid they never put up any money in the first place.They are just selling access to other peoples wealth through counterfeiting.
>>536061663It's white peoples fault for not using kike nigger tactics against them. We don't pool our resources like they do, a bunch of friends could easily have gotten a house, on the property ladder, paid it off quick then built a small property empire.
>>536085594Yeah, having a stable peg is useful for measuring so that you can calculate and then act in the way that makes sense for you.
>>536085376>The banks print the money too.As someone with a degree in econ who has studied the banking system in depth... no they don't. Technically, only the Fed has that power. The money multiplier theory makes sense on paper but looking at it from an accounting perspective, banks do in fact debit their reserves whenever money is withdrawn. Only the Fed can generate reserves out of thin air. It's not really that important of a distinction though, because at a high level the entire banking system and the Fed can be looked at as a single entity.
>>536061492I think you are confusing the terms here. Interest is a percentage compounded over a period. You are referring to the total cost. Yes, they should tell you what the total cost is but they don't.
>>536066837i can see your kippah from over here elai
>>536061492Islam gets interest right. The interest is not compounded, it's decided up front, you borrow it from an islamic bank, you pay the fee to borrow the money, and the Jew doesn't kike you with his tricky Jew magic.
>>536066945jews
