Exhibits: the hold up of banks and the crisis

Current Economy and Sustainable Development-compatible? GDP growth (at all costs), economic development, inflation ... How concillier the current economy with the environment and sustainable development.
Christophe
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by Christophe » 26/01/10, 13:06

nlc wrote:I struggled to pass the course, but ultimately it is obvious, you have to buy your hut on credit. And besides now I really regret not having passed the course earlier!


I have been wondering for years why leasing, which is widely used in the purchase of cars, is "prohibited" (?!?) In the context of a real estate purchase ...

What would prevent these 2 scenarios, with initial contribution or not?

a) B2C: a promoter to sell a new home to a private person by leasing?
b) More interesting, in C2C: an individual selling to another individual on a lease with a rate agreed by the seller?

Obviously the whole would be the subject of notarial acts ...

Case b) is somewhat similar to the life principle ... without "obligation of death" ... : Cheesy:

There, I see only one answer: a law that defends the interests of conventional banks ...

In fact, auto leasing is often "carried out" by financial organizations linked to the seller ... therefore why this does not exist in real estate.

Is leasing only for consumer goods that can be replaced quickly?
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I Citro
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by I Citro » 26/01/10, 13:29

Christophe wrote:... There, I see only one answer: a law that defends the interests of conventional banks ...
The lobbuing of banks is the most powerful in the world.
- They asked governments to pass laws for the monthly payment of wages so that all employees are forced to open a bank account.
In return the banks graciously communicate to the State our bank details so that it can seize (steal?) Our money as soon as it wishes.

I do not advocate buying on credit, on the contrary. But this is often necessary to acquire a home or a car.
I buy this kind of property only second-hand in order to reduce my debt to the bare essentials.

A very modest friend of mine (his income), built his house (timber frame) almost without credit but his house only cost him 12.000 € ... and again he wasted his money on "thin insulators".
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by bham » 26/01/10, 14:45

nlc wrote:
bham wrote:The paradox is also that having money in an account also allows the bank to earn money, more or less than if you borrow, I can not say but in both cases, the bank is a winner.


Yes, the bank wins in both cases, so you might as well try to be too. And in the case of the purchase of an expensive good, there is no photo, it must be done on credit!


Yes nlc, I also could see what you say, as long as you don't have the cash, you are blocked; if you have a credit you can act, carry out projects that you would not have been able to do otherwise. We can always say that later when we have saved enough, we can, but until time passes, rather quickly, the children grow, the parents age.
I bought myself a house at a very low price almost 18 years ago, but I did not immediately have the comfort I would have had if I had had a new house. It took sweat and years of discomfort. What reassures me is that I did not bring these rotten bankers to life.
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by nlc » 26/01/10, 15:08

bham wrote:Yes nlc, I also could see what you say, as long as you don't have the cash, you are blocked; if you have a credit you can act, carry out projects that you would not have been able to do otherwise. We can always say that later when we have saved enough, we can, but until time passes, rather quickly, the children grow, the parents age.
I bought myself a house at a very low price almost 18 years ago, but I did not immediately have the comfort I would have had if I had had a new house. It took sweat and years of discomfort. What reassures me is that I did not bring these rotten bankers to life.


Yes that's the term : Mrgreen:

But for your personal experience if you count the expenses and the time you spent + the years of discomfort there is a good bet that it is worth the price (or maybe even more) of the interest that you would have had to pay by borrowing more money to buy the house of your dreams directly.

I asked myself exactly the same questions a little while ago, ie buying much less expensive "a ruin" and doing work little by little so as not to have to borrow money. With all our savings together we had around € 70.000 at our disposal, it was playable.

But we are at a turning point in my life, I am now 30 years old, my wife is 27 and we have just had our first child, and finally it was much better to borrow, because suddenly I do not kill myself the stain in the house and I can enjoy the little one to the fullest!
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