Thread: Interest
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Old 03-16-2017, 05:45 PM
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PickleBottom (Offline)
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Originally Posted by moonpunter View Post
Your naivete is pretty hilarious. So the bank grants you a $500,000 mortgage for a cool profit of $50? LOL You've really accomplished something, though, in making this Bernie Sanders fan feel sorry for banks.
As opposed to the bank making a profit of ~$500,000 (in interest) for only typing some details into a database? Why can't I make a fictional unreasonable post on an Internet forum in response to a bank being unreasonable (in the real world, legally, in plain sight).

Secondary to this, with a $50.00 service fee, houses would not be worth $500,000 but more a truer value relative to median income.
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