Comment on Borrowing money against their stuff to get more stuff to borrow money...
hexabs@lemmy.world 1 week agoSounds like a bank interest problem, no?
If all I need to beat is 1.1% annual growth rateon my investments, I would take loans against most of my assets and turn a profit.
Why the low interest rates in the banks in your country?
Capitao_Duarte@lemmy.eco.br 1 week ago
It’s not a low interest for everyone. But here its like this: of you pay, fine, at the end your money (invested) is yours to do what you want. If you don’t pay, the bank will keep your investment as payment. The investment is the way the bank assures you are going to pay. If you can’t put anything in the deal (car, house, investment) you’ll pay full interest, which could be anything. I see clients getting 6,5% interest all the time