Welcome to General Chat - GAW Community Area
This General Chat area started off as a place for people to talk about things that are off topic, however it has quickly evolved into a community and has become an integral part of the GAW experience for many of us.
Based on its evolving needs and plenty of user feedback, we are trying to bring some order and institute some rules. Please make sure you read these rules and participate in the spirit of this community.
Rules for General Chat
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Be respectful to each other. This is of utmost importance, and comments may be removed if deemed not respectful.
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Avoid long drawn out arguments. This should be a place to relax, not to waste your time needlessly.
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Personal anecdotes, puzzles, cute pics/clips - everything welcome
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Please do not spam at the top level. If you have a lot to post each day, try and post them all together in one top level comment
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Try keep things light. If you are bringing in deep stuff, try not to go overboard.
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Things that are clearly on-topic for this board should be posted as a separate post and not here (except if you are new and still getting the feel of this place)
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If you find people violating these rules, deport them rather than start a argument here.
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Feel free to give feedback as these rules are expected to keep evoloving
In short, imagine this thread to be a local community hall where we all gather and chat daily. Please be respectful to others in the same way
Owning a home (or any kind of real estate property) is probably the only way for people to ensure their savings does not disappear before their future generations can make use of it, beyond the limitations of investing in Gold and Silver.
I think what you have made the case for is "Mortgages are scam" because they are. You spend almost 15 years just paying interest and you can expect a typical recession in less time than that to wipe it all out.
Property ownership is the most powerful thing for the liberty of humanity.
What is happening is a million ways to make it unfeasable and to detract people from it.
Titles - Not owning Alloidal titles is what causes all kinds of taxation and other costs, while making sure people dont really own their properties.
MBS (Mortgage Backed Securities) - Pumps the magic money from the CBs into mortgage securities and transfers ownership of houses to the Banks, while also making the prices soar catching more people into mortgage trap.
Other indirect factors finishes the job
Theft via Inflation
Income Taxes
Defocusing skilled trades that allows people to work for themselves and not having to commute
All these things adds to the illusion that "home ownership" itself is a scam.