• @Retrograde
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    510 months ago

    Why aren’t these practices considered criminal?

    • @[email protected]
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      810 months ago

      Because the people and organizations with the capital to loan out millions of dollars for house purchases are the ones who make the rules.

    • BombOmOm
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      210 months ago

      What is your proposed alternative system? All of this is just an interest rate applied to an outstanding balance. Many less people would own a house without such an option.

      • @[email protected]
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        29 months ago

        Yeah my parents are vehemently against borrowing money except for a mortgage. Otherwise, how will you save several hundred thousand dollars or more to buy a house in full? Most people can’t do that, even over decades.