5 ms·
Yes, I had a very similar situation to you; startup (I took a salary though as we were profitable from day 1) and assets enough (nothing to do with crypto). Ban
by tluyben2 5y ago
Yes, I had a very similar situation to you; startup (I took a salary though as we were profitable from day 1) and assets enough (nothing to do with crypto). Banks don't like any risk or differentiation of process; it is just easier to just say no. Even if you have the cash to pay for the house (which I did in my case); you can pay for the house in cash but the banks still, in some situations (like having a startup) they won't give you a mortgage (in my case, I knew I could get a far better interest rate for my money than the interest rate of taking a mortgage, so I didn't want to put my money in).
- notch656a 5y agoIsn't it a good thing that persons such as yourself can't take advantage of government-subsidized interest rate arbitrage? Obviously no one should get these artificially low interest rates subsidized government, but I don't see a compelling reason why someone rich enough to a house outright should be afforded the opportunity to arbitrage interest rates via exploitive government policies.