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I thought that the loan system worked like this.
Take $150,000 house. I buy it at, what 4%? Over the life of the loan I end up paying, say $194,000. The muzzie buys the $150,000 house for $194,000. Both end up paying the same. The bank get to take their cash upfront, regardless.
The math is wrong, but the concept is what I was trying to illustrate.
Lived in seattle for 6 months, I'm good In Phoenix. Don't want to live in perpetual clouds, crowed, hipster, and any place with a statue of stalin is a fail.
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