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The bank isn't selling you the house, the current owner is. If you can afford to pay the current owner, you don't need a loan. I don't see why the bank is the
by missedthecue 4y ago
The bank isn't selling you the house, the current owner is.
If you can afford to pay the current owner, you don't need a loan. I don't see why the bank is the villain here, "preying" on basic needs. In your ethical framework, that's the current owner, who refuses to sell you his home at a massive loss so that you won't need a loan.
- totony 4y agoCredit being normalized increases demand which increases prices, which forces people to take a loan (ad infinitum, one of the reasons real estate is always in a bubble)