• Login:
Welcome, Register Here
follow PropertyTalk on facebook follow PropertyTalk on twitter Newsletter follow PropertyTalk on LinkedIn follow PropertyTalk on facebook
Results 1 to 1 of 1
  1. #1
    Join Date
    Apr 2005
    Posts
    2,735

    Default Zero percent interest is not free money, really, it's not.

    Zero percent interest is not free money.

    It seems free.

    But when you take on a mortgage you sell hours of your life.

    By pitting bidders against each other, and loaning the money to both sides to do so, prices go up.

    As do the hours of your precious life time, dedicated to another's luxury.

    It's effectively an arms race, where one nation gives increasingly more devastating weapons to both sides.

    But how much of our lives have they tricked us out of?

    Take a million dollar mortgage say, and an ability to save $20 per hour.


    $ 1000,000 divided by $20 = 50,000 hours.

    0r 24 years.

    It's a life sentence.

    (someone might want to check the math.)


 

Thread Information

Users Browsing this Thread

There are currently 1 users browsing this thread. (0 members and 1 guests)

Similar Threads

  1. FREE MONEY!! Anyone fly to/from the US a lot?
    By Leftette in forum Coffee Lounge
    Replies: 0
    Last Post: 17-03-2015, 02:39 PM
  2. Use of money interest from family member claimable against rental?
    By mrsaneperson in forum Finance, legal and tax (NZ)
    Replies: 6
    Last Post: 10-09-2014, 12:56 AM
  3. Chattels! - Best deals/interest-free terms?
    By AMR in forum Property Improvements (NZ)
    Replies: 1
    Last Post: 21-11-2009, 10:43 PM
  4. Stick to variable interest rate to save money
    By muppet in forum Property Investment (Oz)
    Replies: 0
    Last Post: 22-08-2009, 07:16 PM
  5. Replies: 20
    Last Post: 04-05-2009, 12:33 PM
  6. California home sales up 83 percent, prices drop 41 percent
    By Marc in forum Property Investment (USA)
    Replies: 1
    Last Post: 26-03-2009, 08:51 AM

Tags for this Thread

Posting Permissions

  • You may not post new threads
  • You may not post replies
  • You may not post attachments
  • You may not edit your posts
  •