They don't give you nothing they get profit and they don't help with innovation.
And speciaially the big ones what they do is just they want you to have a lot liabilities responsebilities and a lot things you need to pay.
I don't think so that they remain laggards with their business. In fact, they're even implementing and trying to innovate to keep themselves in line with what's the current trend today, thus there's the CBDCs. Well, as for that liabilities, there's a balance into their management and they know how to handle that.
And instead of providing money for business mind people like me they just don't care about what is the idea but all they want is me to pay them.
They do provide that for people like you but maybe you're not approaching them rightly or you're not eligible for the customers that they do help out to take loans. When you say provide money for you guys, they're a bank and a business and not a charity so basically you're obliged to pay them back if ever you're granted a loan request.
Yesterday i was talking with one of the biggest USA bank they told to me i have to put down minimum of 40% down payment for buy to rent Property purpose of loan.
We has discussion about one of the condos apartments in park Ave area and 56 west so there is best area.
First of all i said i will never Ever pay that kind of % for the mortgage that's insane.
Second point is the pieace of land and a lot of glass with concrete not worth that much of money i would take risk.
Third, point i asked the proper construction building assestment scheme so i will see all the faults in Property aswell and off course they refused.
But i know it's a crap and i'll make my offer that i want they are not gona sell to me their crap with most expensive price Im here to make money and earn profit not to be the one who will put all my time and efforts for nothing Im businessmen my purpose of existence is to earn profit
The high end Property been pumped up hyped up and im not going to be bag holder...i don't follow this nonsense story like If you buy value Property it Will always going up and you hedge so that's what the rich people do this what i say "...just because you are rich doesnt mean that you are strong on finances and money you could be easy food for the bankers.
You know what, you're asking to buy through mortgage and that's a policy from the bank that you have to pay certain amount for the downpayment. You should have just negotiated well on them because they might give you some better rates and DP for that property you're acquiring. And you're trying to talk with the bank so, you're at their mercy and you can't do anything with that.
My conclusion is i'll just make Even better money with staking smart way dca % cryptocurrency.
Compared to this, yeah, just DCA or stake or do whatever you want with your money because you've got more freedom doing it.
