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1 day agoWhy do banks do this? Sounds like a favor.


Why do banks do this? Sounds like a favor.


Might be a silly question –
Why not get taxed by selling it once and for all instead of paying interest on the loan against it for years.
In the long run won’t interest surpass the one time tax?
Also assuming they invest the surplus after the sale, it should be the cheaper option.


You stopped a bit short on your delete spree I guess.
But then again, I don’t know your workflow and needs; so I’m glad it works for you.
Sounds 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?