Do You Believe in Usury?|
So what, you're saying the borrower is responsible to pay not only interest on the capital loan, but also some sort of rent to the bank?
|Date:||February 4th, 2009 04:26 pm (UTC)|| |
No, I'm saying that a house isn't bought for profit but for living in. The bank charges rent (called "interest") for its money. Someone who views a house purely as a financial investment (and isn't planning on renting it out) will make bad decisions.