Compound interest is terrible & I believe the key.
Someone wants to charge me 10% more than they loan for a home purchase, then at the end of the payments I should give them the blended (edit) borrowed price +10% in total. I have no problem with that 10% being collected first.
That said. I have lived my entire life under compound interest, so a lesser fee (interest?) sounds amazing.
From my understanding, Muslims may not charge their fellows interest at all. I had heard once early Christians did the same, but have seen no sauce.
If Americans didn't need to pay interest, I am pretty confident home prices would plummet to a point that is was much easier for an average income earner to buy a home in cash with a few years of saving.
No taxes needed to replay a national debt. Commercial buildings would not have a $2k-$20k monthly rental fee (paid for by increased prices & customers). With no high mortgage, individuals could easily pay for homes & rental prices would be much cheaper.
If we could get energy prices down to nearly free everyone on this planet would see a golden age like we have never dreamed of.... Here's hoping some of that happens.
Compound interest is terrible & I believe the key.
Someone wants to charge me 10% more than they loan for a home purchase, then at the end of the payments I should give them the -blended- (edit) borrowed price +10% in total. I have no problem with that 10% being collected first.
That said. I have lived my entire life under compound interest, so a lesser fee (interest?) sounds amazing.
From my understanding, Muslims may not charge their fellows interest at all. I had heard once early Christians did the same, but have seen no sauce.
If Americans didn't need to pay interest, I am pretty confident home prices would plummet to a point that is was much easier for an average income earner to buy a home in cash with a few years of saving.
No taxes needed to replay a national debt. Commercial buildings would not have a $2k-$20k monthly rental fee (paid for by increased prices & customers). With no high mortgage, individuals could easily pay for homes & rental prices would be much cheaper.
If we could get energy prices down to nearly free everyone on this planet would see a golden age like we have never dreamed of.... Here's hoping some of that happens.
Compound interest is terrible & I believe the key.
Someone wants to charge me 10% more than they loan for a home purchase, then at the end of the payments I should give them the --blended-- (edit) borrowed price +10% in total. I have no problem with that 10% being collected first.
That said. I have lived my entire life under compound interest, so a lesser fee (interest?) sounds amazing.
From my understanding, Muslims may not charge their fellows interest at all. I had heard once early Christians did the same, but have seen no sauce.
If Americans didn't need to pay interest, I am pretty confident home prices would plummet to a point that is was much easier for an average income earner to buy a home in cash with a few years of saving.
No taxes needed to replay a national debt. Commercial buildings would not have a $2k-$20k monthly rental fee (paid for by increased prices & customers). With no high mortgage, individuals could easily pay for homes & rental prices would be much cheaper.
If we could get energy prices down to nearly free everyone on this planet would see a golden age like we have never dreamed of.... Here's hoping some of that happens.
Compound interest is terrible & I believe the key.
Someone wants to charge me 10% more than they loan for a home purchase, then at the end of the payments I should give them the ~blended~ (edit) borrowed price +10% in total. I have no problem with that 10% being collected first.
That said. I have lived my entire life under compound interest, so a lesser fee (interest?) sounds amazing.
From my understanding, Muslims may not charge their fellows interest at all. I had heard once early Christians did the same, but have seen no sauce.
If Americans didn't need to pay interest, I am pretty confident home prices would plummet to a point that is was much easier for an average income earner to buy a home in cash with a few years of saving.
No taxes needed to replay a national debt. Commercial buildings would not have a $2k-$20k monthly rental fee (paid for by increased prices & customers). With no high mortgage, individuals could easily pay for homes & rental prices would be much cheaper.
If we could get energy prices down to nearly free everyone on this planet would see a golden age like we have never dreamed of.... Here's hoping some of that happens.
Compound interest is terrible & I believe the key.
Someone wants to charge me 10% more than they loan for a home purchase, then at the end of the payments I should give them the blended price +10% in total. I have no problem with that 10% being collected first.
That said. I have lived my entire life under compound interest, so a lesser fee (interest?) sounds amazing.
From my understanding, Muslims may not charge their fellows interest at all. I had heard once early Christians did the same, but have seen no sauce.
If Americans didn't need to pay interest, I am pretty confident home prices would plummet to a point that is was much easier for an average income earner to buy a home in cash with a few years of saving.
No taxes needed to replay a national debt. Commercial buildings would not have a $2k-$20k monthly rental fee (paid for by increased prices & customers). With no high mortgage, individuals could easily pay for homes & rental prices would be much cheaper.
If we could get energy prices down to nearly free everyone on this planet would see a golden age like we have never dreamed of.... Here's hoping some of that happens.