09-02-2023, 07:19 PM
(09-02-2023, 06:10 PM)Mike M (the other one) Wrote: PS you might think those kinds of loans are crazy, but several countries already have them in use.
Japan has 99 and 100 year loans.
Canada has 60, 70 and 90.
UK is offering 50
Sweden is 50, 100 (and adding 105)
So it would be wise to check how those countries regulate them.
I've never heard of this idea. It's interesting for sure.
My minor contribution to this thread is this: people need to stop paying exorbitant amounts of cash for shit they do not need. Vacations, brand new cars, certain types of food, clothes, etc continue to keep going up because someone somewhere will shell out the money for it. Let retailers and corporations hold on to that inventory until they have to either bring prices down or eat it.
There just seem to be a lot of people in the US these days that will throw whatever amount of money someone charges them at a product or service, consequences be damned. Maybe they are paying with credit and maybe they are spending without regard to long term financial health, but these people enable sellers to continue to gouge people more and more all the time.
