Daily reminder that interest is just the rental fee for a loan. If this bothers you...

Daily reminder that interest is just the rental fee for a loan. If this bothers you, but rental fees for literally any other good dont, you're either disingenuous kikebot or retarded

The primary argument seems to be "there should just be flat fees for loans", which sure, that could be an option, but its really the same thing
>I want a mortgage for x
>ok this is your interest rate and over the life of your loan you'll pay y total in interest
Vs
>I want a mortgage for x
>ok sure, the fee is y
Theres no effective difference except your emotional reaction to the first

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Try paying off a loan early, watch what happens.

How about no fee and shut the fuck up. Also I'll fuck your wife as a punishment you stupid fucking jew.

>Try paying off a loan early, watch what happens.
You pay less interest?

>gibs be dat fo free
>flag
Lel

This is an interesting topic, but I think you are missing something. There are mortgages that come with variable interest, meaning that you can't know what the final amount will be.
Obviously, if every mortgage had a fixed interest rate, then it would be easy to tell what the final amount you will pay.
The main problem I see lays precisely in the preferential treatment variable interest loans get and the obscure way people are informed about loans and their interest.
As someone who is fairly involved in buying and selling properties, I still have a hard time figuring out the total amount you will pay back based on the interest rate for a loan unless I sit down and personally multiply the fixed monthly payment with the number of months (usually 180 or 120).

It has to do with international liquidity. Prices always change so interest has to compensate. Price is relative to value which is subjective, it's a small change but it constitutes a countries financial parameters between nations. But you're a retarded groomer of zoomies and try to convince 12 year olds of retarded shit.

>There are mortgages that come with variable interest, meaning that you can't know what the final amount will be.
Yes sure, but you have to agree to a variable rate. And only tards do that.
>The main problem I see lays precisely in the preferential treatment variable interest loans get
Not sure what you mean by that
>and the obscure way people are informed about loans and their interest.
? Theres laws here that specify all this info must be disclosed to the borrower. Especially for something like a mortgage, your contract specifies exactly what your monthly payment will be, the amortization schedule, and total interest over life of the loan

>It has to do with international liquidity
Explain
>Price is relative to value which is subjective, it
Correct

>Theres no effective difference
It's easier to keep track of and plan around the second one

For a reason other than leaf mortgages are fucked?

your credit score gets nuked

It could take a ding, but that depends on a lot of specifics. Its not "nuked" tho

>your credit score gets nuked
Maybe in Bongland, not in the civilized world.

>The main problem I see lays precisely in the preferential treatment variable interest loans get
What I meant by this is that banks, at least here, alwasy try to sell you on variable interest loans. Usually the fixed interest loan has a higher initial monthly payment for the first few years (They artifically lower the variable interest payment to make it more atractive).
As to the information being readily available, it's true that if you put effort into reading all the documentation, you should have an good image of what you will pay, but what I've found here in Spain is that most people are too dumb to give some thought to something that will chase you for 20 or 30 years.
Another good example I've seen of deceptive practices happens in car dealerships. Basically, they will offer you a "discount" for financing your car with them. They will not give a discount for cash payments, but instead insist on financing with them and "saving" a few thousand euros. Problem is, they obviously don't mention the amount of interest you will pay when you are done, which is obviously much higher than the initial discount. I know VW is pretty big on that practice.

>t. smooth brain

If this is about student loans, that's just a pyramid scheme for colleges. Student loans should be abolished so useless classes like gender studies would disappear.

As of now a bank will give you money for a student loan in literally everything, because you cannot bankrupt on it. You will pay your entire life. This leads to default when a sufficient number of Californian commies will stop paying. They should just make legal to default on loans and they should make legal for bank to recoup their costs from the colleges.

Usury is a sin, you kike

>ve found here in Spain is that most people are too dumb to give some thought to something that will chase you for 20 or 30 years.
Its rather hard to have sympathy for such as these. I dont think there's a system in the world than can protect stupid people from themselves.
>Another good example I've seen of deceptive practices happens in car dealerships.
I would say its only "deceptive" if they flat out lie. The deal they're offering is basically a break on the front end, but higher cost overall. For someone who has any idea how this stuff works, it should be fairly apparent.

>this is about student loans,
Not particularly, but the same principles could still apply.
>because you cannot bankrupt on i
Yes gov regulation has broken this kind of loan