i was thinking about this earlier today. i don’t think most people understand the amortization schedule. they’re just gonna be sold a lower monthly payment by their friendly mortgage broker. in reality they’re being cheated out of any chance equity, collectively contributing to a bailout for banks in the form of increased interest, and further locking themselves into debt slavery.
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Hey man, if they’re dumb enough to sign the papers it’s on them.
I know some early 20s kids who went out and financed huge stupid diesel trucks for 50k and are paying almost $1000/month. Exact same people will sign these garbage mortgage products. But ultimately it’s their choice and their failure to think critically and do basic math / reasoning.
yes but i still have empathy for people. they’re not setup for success. you don’t learn this shit unless you self educate. these credit products are extremely predatory.
and to think - it’s all intentionally designed that way.
Yeah I’ve really lost patience for people who refuse to think adequately.
In the end for me it always comes back to personal responsibility. I am a personal responsibility maximalist now. Done feeling sorry for people who refuse to help themselves. That’s just me though.