this post was submitted on 15 Feb 2024
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The numbers will determine your fate (lemmy.world)
submitted 7 months ago by [email protected] to c/[email protected]
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[–] [email protected] 4 points 7 months ago (3 children)

Why aren't these practices considered criminal?

[–] [email protected] 5 points 7 months ago

Because the people and organizations with the capital to loan out millions of dollars for house purchases are the ones who make the rules.

[–] [email protected] 1 points 7 months ago

What is your proposed alternative system? All of this is just an interest rate applied to an outstanding balance. Many less people would own a house without such an option.