I'm thinking
I'm thinking the man was a fool. These ideas to gain control of property are partially responsible for the house crisis we have today. I personally think anyone is crazy for taking on a mortgage that is above 20% over a 30 year term, simple interest. If you make 20% profit on 100k over 30 years you have 120k. That is 20k for doing nothing. This is a awesome profit for not producing anything, just using paper that is lay around.
Of course its not done this way and that to has lead to the financial crisis we are currently in. This greed we are neck deep in is killing the average person and making them wage slaves. Something I personally will not tolerate for myself, nor any of my family.
The free market only works if the consumer is smart and when it comes to finance, the consumer is dumber than a oxen.
|