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You’re forced to take out a bank loan in Germany if you want to buy property?
by comrade1234 2y ago
You’re forced to take out a bank loan in Germany if you want to buy property?
- 9dev 2y agoNope, but you can’t buy property with literal cash, crypto, or precious metals anymore. In Germany people use SEPA payments as the primary means to transfer money, and that is the intended way to handle big transactions.
- NikolaNovak 2y agoI believe there are numerous ways to transfer money without using physical bills; disallowing cash for large purchases doesn't imply a loan. Personal or certified Cheque, money order , wire, interac / email transfer are some of the options, I'm sure there are others. Note, all other criticisms about privacy still apply, thisbis where cash is king of course. But it's not forcing loans :-)