Quote:
Originally Posted by CyberSEO
Pfff... You can rent it as long as you want (not really different to have a house pledged to the bank). Don't see any problem there.
You don't buy it. Bank buys and owns it while you pay to that bank for the loan. You are not owner. You are "owner".
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No, the person buying the house is actually the owner. Sorry if you don't understand how a mortgage loan works
As Woj said, why would I spend 100% of my money on a house, when I can put 20% down and pay 3% interest and invest the rest at well over 3% interest...
Even the average american understand borrow at 3% and invest at 6%... I would understand that the average russian may not, but you are a business owner and should be a little more savvy to understand how to use leverage to make money.