Frank castle can not even afford I durance where he is and has none. To bad if one of his center link Tennant's burns the house down in between floods.
"I durance" you say? I take it that is retard speak for insurance?
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To bad if one of his center link Tennant's burns the house down in between floods.
I have no centrelink tenants and if one was to burn down, I would have a nice new build done in its place and rent paid for while it was done. Bring on the burning I say
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Properties that he owns rent for about $200 a week
$300 to $360 - maths fail chump
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insurance would half that if he was to pay, he can't afford it.
Insurance is cheap, about $1k/year or 3 weeks rent. If you have ever had a house you would know that insurance is a condition of finance.
Thanks for showing everyone what a dummy you are and a totally clueless one at that..............again
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goldbug the forum fucktard says..... My new home is certainty not an investment.
Is that code for your brothers shed or has he finally turfed you to that aged care facility
Ignore posts by The Whole Truth · View Post · End Ignoring The forum fuckwit goes RRRAAARRRGGHHhhh - But not a fuck was given..................by anyone.
We all should open banks then. How many staff would I need for a small start up operation?
Awesome concept, invented by some Dutch fellas 400 odd years ago called the joint stock company. You buy these things called 'shares' and you share in the profits.
Banks make the most money from the housing bubble.
APRA says banks just need to keep a certain minimum amount of assets as reserves, it is not much. Banks don't even need money, for a normal housing loan, they can get a deposit from a Investor or FHB of 100k and then transfer them 1000k in credit, they then get 4.7% return until the loan is paid off.
If they need to come up with cash quick, they can transfer some of their loan contracts to the RBA who will swap it for cash. The banking system is a complete fraud, it is a house of cards and it is backed up by government bailouts.
There is no reason why only banks have this privilege of generating credit and loaning it out, If they can do it I should be able to generate my own credit and buy or loan it out as well but because I don't have a banking license, It is against the law for me to do it.
Banks make the most money from the housing bubble.
APRA says banks just need to keep a certain minimum amount of assets as reserves, it is not much. Banks don't even need money, for a normal housing loan, they can get a deposit from a Investor or FHB of 100k and then transfer them 1000k in credit, they then get 4.7% return until the loan is paid off.
If they need to come up with cash quick, they can transfer some of their loan contracts to the RBA who will swap it for cash. The banking system is a complete fraud, it is a house of cards and it is backed up by government bailouts.
There is no reason why only banks have this privilege of generating credit and loaning it out, If they can do it I should be able to generate my own credit and buy or loan it out as well but because I don't have a banking license, It is against the law for me to do it.
You don't have to have a banking licence to lend money.
Plenty of non-bank lenders.
Go for it if you feel it is so easy.
The truth will set you free. But first, it will piss you off. --Gloria Steinem AREPS™
I think we are talking about fractional reserve lending.
Peter
No. I think we are talking about being a deposit-taking institution.
I think there are extremely good reasons why there is a lot of regulation around being a deposit-taking institution.
But the poster was saying that lending money was very lucrative but it is hard to be allowed to lend money.
Anyone can lend money if they have it.
The reality is that in order to lend lucratively, it helps a lot to be a DTI. To be a DTI you have to meet a lot of requirements, including having a hell of a lot of equity. To my mind this is a very good thing.
The truth will set you free. But first, it will piss you off. --Gloria Steinem AREPS™
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