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Ignoring what the value of a currency may be I wish buyers would reject bad prices. I really care about what the actual cost of a thing is from dirt to package
by book_mike 4y ago
Ignoring what the value of a currency may be I wish buyers would reject bad prices. I really care about what the actual cost of a thing is from dirt to package. The companies that market, make and deliver products should make a profit but I'm not buying their Ferrari. Capitalism start with "No deal, not at that price."
- ClumsyPilot 4y agoProblem is the amount of money people will pay for a place to live is unlimited. If people would take 300 year mortgages that would put your kids into debt bondade if thry could
- mywittyname 4y agoA 30 year mortgage is just below the threshold of being an interest only mortgage. Especially when looked through the lens of a 10 year length of stay in a house. Ten years into a 30 year mortgage, one will have paid something like 60% of the total interest on the loan.
- hattmall 4y agoCapitalism begins to break down when the primary driver of purchasing power is availability of debt. Long term debt is particularly antithetical to the efficiencies promoted by a free market. Add on the fact that a quasi-government body is the primary provider of that debt and not just through the central banking system but in many cases direct to consumers.
- yossarian1408 4y agoSounds less like capitalism breaking down and more like a regulatory issue.. could fractional reserve banking exist in a competitive banking sector w/o a central bank?