[e-gold-list] Re: Interest

2003-10-09 Thread FileMatrix
Robert, I can't help but wonder in which protected shell you grew up and who instilled this sense of entitlement into you? Exactly because I didn't grew in a protected shell, I know what the risks are; I know that I have to pay more than the price of the house, unless I come up with all the

[e-gold-list] Re: Interest

2003-10-09 Thread Robert B.Z.
George, Yes, the shares come from parts of the rent you paid once you buy the house and pay cash. The concept behind abolishing interest is to actually share risk equally. Definitely not something you want to tell Jim! Not even I, a communist, agree with such equality. This is actually

[e-gold-list] Re: Interest

2003-10-08 Thread Robert S.Z.
No, go to the local home purchaser union, join up and save 10% of the value of the house into an account. Then pick the house and show that besides paying rent, you will be able to save the current value equivalent of the house within the next 20 years. Have the union buy the house and rent it to

[e-gold-list] Re: Interest

2003-10-08 Thread FileMatrix
No, go to the local home purchaser union, join up and save 10% of the value of the house into an account. So, first I must have 10% of the house's value. I don't, but say I get them. No... actually the first problem is the existence of the union, but we consider it there. Then pick the house

[e-gold-list] Re: Interest

2003-10-08 Thread Robert S.Z.
So, first I must have 10% of the house's value. I don't, but say I get them. ---While it might be common practice at the moment to finance houses up to 100%, this is pretty unusual and financing 70-80% is more the norm. Then I have to pay the rent, plus the rest of 90% of the value of the

[e-gold-list] Re: Interest

2003-10-08 Thread zenbiker
... let's say I am a guy, 20 years old, fresh out of college. I have no rich parents, and no inherited fortune. I want to have a house (to build or buy it). High aims compared to most twenty-year-olds, but okay ... What do I do in a country where banks can't lend me money? From where do I get

[e-gold-list] Re: Interest

2003-10-08 Thread Robert B.Z.
George, I can't help but wonder in which protected shell you grew up and who instilled this sense of entitlement into you? It appears to me that people who look at any system put forward at a way to benefit at the expense of others are the main thing that is wrong with humanity. Sure, after 40