Icon Re: Math collision on the 405, film at eleven
K
KentDB741 (view)

Mr. 405 said:

> And stop rubbing it in, mister genius.

Mr. 405:

I am not rubbing anything in.

I put up a pretty simple and straightforward example about how the home mortgage is NOT 8% like the banks falsely claim, and I am attacked for pointing out that the 8% they claim, mathmatically works out to 200% or more. By the way, this is the reason why this information is buried in the FINE PRINT!

By your answer, you claim to be happy that you can buy a CD at the end of the week. Wouldn't it have been better if when you and your wife first got married, you lived with your in-laws for four years, and then purchased the house you want for cash, sans mortgage?

Then you could afford much more than a single $15 CD at the end of the week.

My whole idea was to educate you about money matters that you have been sorely mislead about.

I never said you had to buy a $20,000 house.

My example was pure and simple third grade math.

If the interest rate says 8% and the house is $100,000, then one dollar over $8,000 in interest means you are getting screwed.

Hey, I don't want to belittle anyone, but, if you cannot understand basic math, don't get pissed off at me about it.

Go buy a math book and READ IT!

Peace and Prayers,




Kent Daniel Bentkowski
Buffalo, New York USA
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