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  #1  
Old 08-26-2008, 04:10 PM
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Quote:
Originally Posted by JCL
The alternative is that big brother tells them what to buy.

Not at all. The onus should be on the bank/lending institution that equates that value with the product, as they make the profit off the loan.
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Old 08-26-2008, 04:14 PM
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Quote:
Originally Posted by Wagner
Not at all. The onus should be on the bank/lending institution that equates that value with the product, as they make the profit off the loan.
Which is not the same as making the profit on the property. If that is what people want to do, not assume the risk but simply pay for use of a property, we have a term for it. Renters.
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Old 08-26-2008, 04:37 PM
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Originally Posted by JCL
Which is not the same as making the profit on the property. If that is what people want to do, not assume the risk but simply pay for use of a property, we have a term for it. Renters.
So what are you advocating? If you aren't buying property for profit then rent?
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Old 08-26-2008, 04:40 PM
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No, if you don't want to own a property, with the corresponding potential upsides and downsides, then you should rent.
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Old 08-26-2008, 04:56 PM
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Originally Posted by JCL
No, if you don't want to own a property, with the corresponding potential upsides and downsides, then you should rent.

I guess that is one way of looking at it, can't say I agree...at all.
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We the People of the United States, in Order to form a more perfect Union, establish Justice, insure domestic Tranquility, provide for the common defence, promote the general Welfare, and secure the Blessings of Liberty to ourselves and our Posterity, do ordain and establish this Constitution for the United States of America.
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