Housing price conundrum (part 2)
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What you said in this series, made me think about all the house stuff in my country, and now I start to think about 'rent vs buy'.
For me,it's such a complicated problem I can't figure out, I don't even have a clue. But after all these videos you made, I know that it's the time I face it, and try to understand it.
I never know how the world works, but you give me another sight, and lead me to see the lines behind that.
It is always a good time to stay with you. Mr.Khan,thank you!
dadac123 3 weeks ago
@timzulf
Ok, lets see if I have this straight.. banks realize "people" are stupid (not u, naturally), which allows them to make bad loans (aka - give $) to "victims" that can't / won't pay back.
This in turn, lets banks make MORE bad loans to the same "victim" - which ALSO don't get paid back.
And this was the banks intention all along - to get rich by giving their money away in a 'culture of borrowing'
Am I getting close, or do I need to attend a DNC de-education camp like you did?
mredstriumph 4 months ago
@Coolguyrob2006
By your logic.. if * I * give YOU $100, and YOU don't pay it back... Than *** I *** am a predator who has taken advantage of YOU.
The fact that I went bankrupt and fell into the control of the government, and YOU got to live in a home you never could afford, and never paid for never even enters your mind. How amazing it must be to be a Democrat.
Nothing ever has a cause, & obvious contradictions go unnoticed because you never think about the lies you're told then spread.
mredstriumph 4 months ago
@theporksicle The banks were actively taking advantage of the peoples ignorance, they just blasted the customers with jargon knowing they wouldn't understand so they could get them to get an easy loan with the customers thinking they had made a good deal.
Coolguyrob2006 4 months ago
This is crazy!!!! Thanks Khan for your great videos!
iBlameAnonymous 7 months ago
thank you for helping me understand the housing crisis :D
spacekillers123 9 months ago
@theporksicle Sure, but the banks have to realize the stupidity of people, because if not enough people are paying their debt, all the bank has left is debt, and must default. Furthermore, people like Alan Greenspan, Larry Summers, and Robert Rubin, who if you know were regarded as some of the best economist of all time, at the time that is, encouraged people to take these loans and tap into equity, which led to this culture of borrowing.
timzulf 1 year ago
@theporksicle
Agreed.
ZakBrownrigg123 1 year ago