⚡️🇺🇸 WATCH - An American buys a $784,000 home with a $5,700 monthly mortgage.
After 4 years and $285,000 paid, only $50k hits the principal.
$230,000 is PURE interest.
Over 30 years she’ll pay $1.6M for a $784k house. This isn’t “homeownership” — it’s usury.
https://blossom.primal.net/756574e99f0794ec4f056ebdbe316ffbec2106757064eac7be59b4e70a9c73f7.mp4
50 years will be even better! Can we all just say “Thank You” now… the genius behind this is awe-inspiring.
That was very difficult to listen to.
Owning a Debt Burden is the New American Dream
Now do the math in a free market for interest rates and mortgage terms...
⚡️ SEE ALSO nevent1qqsq9s2cxuc8jfxe77hprkz38a8cmd9n8e69u3g2a5gk9q7jf99qh4cg5r8q9
Worst thing is that by the time she's ready to sell by 2030, the house won't be worth $750k (think 20% less). She won't get her equity back because she will be underwater. She'll put the keys on the counter and walk away.
I wouldn't bet on that. They print infinite money and import infinite people to keep demand up.
She signed it. Her problem.
That’s how mortgages work.
Our there’s this -
"Heter Iska Financing designed to avoid conventional interest (otherwise known as Ribbis in Jewish Law) common in traditional loans.
Heter Iska is, in short, an agreement between the customer and the financier that the transaction being provided is a partnership where all profits must be shared under a stringent set of reporting requirements. If the customer wishes to pay a specified rate in lieu of profit sharing, the customer may do so."
That's what I thought. That's the math. Houses are not an investment. Selling a home gives you a rebate of debased money if you're lucky.
Right? They literally give you the amortization schedule when you are closing. It shouldn’t be a surprise.
Someone being upset doesn’t surprise me, but I’m disappointed in nostr:nprofile1qqsy67zzq5tc9cxnl6crf52s4hptdwhyaca5j7r8jwll535tdadedvcpz3mhxue69uhhyetvv9ujuerpd46hxtnfduqs6amnwvaz7tmwdaejumr0dskjh2zd for trying to drum up outrage over this.
Come on man!
When you sign a mortgage you're renting money.
Did you have the principal at buying date?
Yeah, but if she earns in a high tax bracked she can deduct that interest. In Europe no such luck!
watch, people discover maths
The bank becomes your Landlord.
Quien no diga que estamos ante una burbuja inmobiliaria a nivel global, nose en que mundo vive
Sorry this is retarded
Ignorant cunt. It’s a mortgage. Why are you buying if you plan to sell in 4 years?
What’s it like to spend your free time attacking people who strive for change that would benefit you?
Great vid. Hope it opens more eyes.
Ahh, but in 30 years, $1.6M will have the purchasing power of less than the $784,000 of 4 years ago.
Well put. The issue isn’t the interest amount, it is maintaining a low interest rate across the life of the mortgage, being able to afford the payments, and hoping that the asset’s value increases at a rate higher than inflation.
Historically, these factors have all worked out for the buyer.
