• BombOmOm@lemmy.world
    link
    fedilink
    English
    arrow-up
    1
    ·
    10 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.

    • Abnorc@lemm.ee
      link
      fedilink
      English
      arrow-up
      2
      ·
      9 months ago

      Yeah my parents are vehemently against borrowing money except for a mortgage. Otherwise, how will you save several hundred thousand dollars or more to buy a house in full? Most people can’t do that, even over decades.