@Wonderful

This is classic KTT socialism.

It’s a profit sharing model rather than a standard interest bearing loan

Yea just looked jt up makes sense but I guess lending money is just a lot riskier

islamic banking essentially charges interest without charging interest on paper.

bit of a simple explanation but e.g. say you buy a house, they'll inflate the value of the house and split it into tiny micro shares so-to-speak. the house is worth $250k so you'll pay on all these shares after an upfront calculation and it might total to something like $500k.

usually this also means the borrower pays a little more due to the bureaucracy of it all but there's more transparency into what they're paying, so YMMV if it's a worthy trade-off.

Which ironically would hurt more consumers as the bank wouldn’t be as open to lending money vs if the bank was getting interest regardless.

honestly tho have u really lived if you haven't taken money from bugsy and lost a digit or two from your hands?

loansharks>>>>

They’re selling you money. That’s it.

You’re a dumbfuck who doesn’t even understand how finance works lmao.

Please get educated

why give them anything for nothing

What are your views on the matter

Whenever someone on this site uses ‘capital owner’ you know they have a NYC rats level IQ

Gotchu TY

Why do you think the socio-demographics are so poor in those areas? Why do people still buy properties if there is no reason to renovate?

Furthermore, why do you think making others pay for overpriced housing is a fair and just way to earn capital? Lastly, you’re assuming that the people who own property actually do the renovation themselves. They again, through capital accumulation, hire others to do their work and sit back and collect a check because people NEED a place to live and don’t have any other option.

A renter doesn’t give a f*** whether you had to put yourself through college and have an insane amount of debt or if your parents literally put you through college and you don’t have a single cent of debt. They see you as a check that they need at the end of the month. How do you look at that system and justify it as not problematic. If you are attributing the problem elsewhere, then you’re admitting that somewhere, there is an issue.

I agree man that post is so silly of course profit incentivises productivity because the more profit and money you have raises your quality of life which is part of survival

On interest or socialism?

Re interest, it’s the best practise for both consumer and the lender. The consumer has the power not to undertake a contract if he/she deems the rates to be too high and the lender chooses whether the loan is risky or not.

"at the end of the day they’re going to get money from it one way or another and thats all that matters to them"

It’s funny because you can spot a neo liberal from a mile away. Either they cape for capitalism because they hope to one day benefit from it or they’ve always benefitted from it and don’t want it to change because that means they have to admit they have always had an unfair advantage

only thing dude could reply to this was "what are you even saying" and then quick subject change

people love to think they are so philanthropic and not self serving like the rest of this 'evil country'

*16

mannnnn young ppl disgust me

This fax what it got to do with interest tho

Because there is no incentive to loan money and take the risk of the other party defaulting without interest

Wouldnt there still be debt in communism