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21 sats \ 6 replies \ @OT 23 Jul \ parent \ on: Borrow $60,000 and Pay Back $255,931 charts_and_numbers
I remember hearing stories about that. The incentive was to pay it off as soon as possible cause of the high interest rates. Average house prices to income were much lower than these days though.
That's why at some stage, many lenders started imposing early repayment fees to protect their interest income. I think it still happening!
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Wrong, housing is expensive, but access to shelter is a fundamental human right (many are deprived of) for many reasons.
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No, housing is not a right. Healthcare is not a right. Food isn’t a right. You have a right to property….thats it. The right to acquire and keep property…be that your own body or the fruits of your labor. Anything else is Marxist poison.
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When I say it's a right, I mean it's a right to have, to own, to use...
Healthcare, it's everyone personal responsibility, not business or any other entity... or for sale for someone else benefits
Nor, I'll be expecting healthcare and housing from someone else that isn't myself.
BTW: when signing this kind of contracts:
- are you sure are bilateral contracts and not unilateral agreement?
- are you sure the signer is owner of the property? or is he just buying the right to use it (and maintain it)?
- do people get the certificate of title when loan payments are fulfilled?
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