Quote:
Originally Posted by john70t
All of that equals time spent working indirectly for the bank.
|
No, it equals the cost you pay to borrow a large amount of money. If you hate banks, pay cash or pay rent. Money they make from interest makes it possible to continue lending to others who can't pay cash. When I pay interest for something, I work to earn money to pay the interest that financed my home or lifestyle, not for whomever fronted me the money.