Man, I'm not sure if you and me just communicate in very different ways. "We already have that system in place?" ... Are you referring to your ideal, proposed system?
Or Is your proposal that if banks loans are gov backed, that they merely take the principal divided by 360 (the number of months in thirty years) and voila that's your mortgage payment each month? EX: a $360,000 home, 30 year loan, 360 payments of $1,000 ?
Is that your proposal. No interest for the borrower, and no profit for the lender?
Again. Lenders take zero risk making home loans. That’s been repeatedly covered. It’s so government regulated that it would be cheaper to cut out the middle man either way, either on the government side or the bank side.
Buddy, with all respect, you are not an effective communicator.
Yeah you have said probably a dozen times that the lenders take no risk because it's government backed. I get that.
What I don't get what I have asked you numerous times is what is YOUR proposal.
How about this start your proposal with the words "My proposal is" and then go from there.
An example of a non-answer would be "my proposal is lenders currently take no risk" you see what I mean?
So is your proposal that the government gives loans directly to borrowers?
Is your proposal that banks continue to be the lenders but that they don't charge interest?
Are you in favor of some alternative profit mechanism to interest? Like a flat fee?
How would your proposal handle late payments? How would your proposal handle defaulting? Repossession?
I'm genuinely interested in hearing ANY alternative idea to the current system but so far you haven't provided one. You've only stated what you dislike about the current system.
So is your proposal that the government gives loans directly to borrowers? Is your proposal that banks continue to be the lenders but that they don't charge interest?
I just listed both as better alternatives yet somehow you’re perplexed? Maybe you need to figure out how to read before complaining about communication.
No, friend. I can read, but you'd be amazed how many people actually struggle with communicating effectively.
Reread your posts. You never explicitly state "my proposal is X"
You have explained how the system works
You have explained what you don't like about it
But you have not yet once put forward an idea.
Maybe your communication style is very indirect and sort of beating-around-the-bush. Maybe you expect me to infer what you mean from the various things you have said but that generally leads to misunderstandings when assumptions don't match expectations.
Or, maybe you don't actually have a proposal so you're being deliberately nebulous and vague.
Even when I've articulated what I think your proposal might be and asked you to confirm if I guessed correctly, you haven't said "yes, that is my proposal" or "no, that is not my proposal". You don't even play hot.or cold with me.
Man, I'm not sure if you and me just communicate in very different ways. "We already have that system in place?" ... Are you referring to your ideal, proposed system?
Or Is your proposal that if banks loans are gov backed, that they merely take the principal divided by 360 (the number of months in thirty years) and voila that's your mortgage payment each month? EX: a $360,000 home, 30 year loan, 360 payments of $1,000 ?
Is that your proposal. No interest for the borrower, and no profit for the lender?
Again. Lenders take zero risk making home loans. That’s been repeatedly covered. It’s so government regulated that it would be cheaper to cut out the middle man either way, either on the government side or the bank side.
Buddy, with all respect, you are not an effective communicator.
Yeah you have said probably a dozen times that the lenders take no risk because it's government backed. I get that.
What I don't get what I have asked you numerous times is what is YOUR proposal.
How about this start your proposal with the words "My proposal is" and then go from there.
An example of a non-answer would be "my proposal is lenders currently take no risk" you see what I mean?
So is your proposal that the government gives loans directly to borrowers? Is your proposal that banks continue to be the lenders but that they don't charge interest? Are you in favor of some alternative profit mechanism to interest? Like a flat fee? How would your proposal handle late payments? How would your proposal handle defaulting? Repossession?
I'm genuinely interested in hearing ANY alternative idea to the current system but so far you haven't provided one. You've only stated what you dislike about the current system.
I just listed both as better alternatives yet somehow you’re perplexed? Maybe you need to figure out how to read before complaining about communication.
No, friend. I can read, but you'd be amazed how many people actually struggle with communicating effectively.
Reread your posts. You never explicitly state "my proposal is X"
You have explained how the system works You have explained what you don't like about it But you have not yet once put forward an idea. Maybe your communication style is very indirect and sort of beating-around-the-bush. Maybe you expect me to infer what you mean from the various things you have said but that generally leads to misunderstandings when assumptions don't match expectations.
Or, maybe you don't actually have a proposal so you're being deliberately nebulous and vague.
Even when I've articulated what I think your proposal might be and asked you to confirm if I guessed correctly, you haven't said "yes, that is my proposal" or "no, that is not my proposal". You don't even play hot.or cold with me.
So yeah, I'm perplexed.