I tired of Banks my experince with nyc high value Property

[Squaremile777]

They don't give you nothing they get profit and they don't help with innovation.
And speciaially the big ones what they do is just they want you to have a lot liabilities responsebilities and a lot things you need to pay.
And instead of providing money for business mind people like me they just don't care about what is the idea but all they want is me to pay them.
Yesterday i was talking with one of the biggest USA bank they told to me i have to put down minimum of 40% down payment for buy to rent Property purpose of loan.
We has discussion about one of the condos apartments in park Ave area and 56 west so there is best area.
First of all i said i will never Ever pay that kind of % for the mortgage that's insane.
Second point is the pieace of land and a lot of glass with concrete not worth that much of money i would take risk.
Third, point i asked the proper construction building assestment scheme so i will see all the faults in Property aswell and off course they refused.
But i know it's a crap and i'll make my offer that i want they are not gona sell to me their crap with most expensive price Im here to make money and earn profit not to be the one who will put all my time and efforts for nothing Im businessmen my purpose of existence is to earn profit
The high end Property been pumped up hyped up and im not going to be bag holder...i don't follow this nonsense story like If you buy value Property it Will always going up and you hedge so that's what the rich people do this what i say "...just because you are rich doesnt mean that you are strong on finances and money you could be easy food for the bankers.




My conclusion is i'll just make Even better money with staking smart way dca % cryptocurrency.

[_act_]

I will prefer people to DCA bitcoin. If they want to DCA altcoins, they should be careful and look for the good ones. Altcoins can be very volatile and some of them can become shit coins and later become dead. I will prefer bitcoin.

You mean people will borrow money from bank and bank will demand high profit from them to pay back. That is true. But some people borrow from bank and they are able to pay back after they use the money for the business they want to use it to do. Some  people use it for business and the business did not bring any good return and they have no other means than for the bank to sell what they used as collateral.

You can invest in bitcoin and make money, but have you forgotten that you need money to invest in bitcoin? If you can start a business without borrowing from bank, that would be better. Not also good to borrow money to invest in bitcoin or any other cryptocurrencies.

[Poker Player]

They don't give you nothing they get profit and they don't help with innovation.

You call buy-to-let "innovation"? Lol.

Yesterday i was talking with one of the biggest USA bank they told to me i have to put down minimum of 40% down payment for buy to rent Property purpose of loan.
We has discussion about one of the condos apartments in park Ave area and 56 west so there is best area.
First of all i said i will never Ever pay that kind of % for the mortgage that's insane.

Banks are not stupid, if they do not give you better conditions it is because of the risk/reward ratio of your profile, as usually a 10% down payment is enough. If you have that 40% you can look for another property that you can pay cash for that amount and forget about the banks.

My conclusion is i'll just make Even better money with staking smart way dca % cryptocurrency.

If that's your conclusion, mine is that I'm not surprised that the bank won't give you a better offer.

I will prefer people to DCA bitcoin.

Me too.

[jrrsparkles]

Im businessmen my purpose of existence is to earn profit
The high end Property been pumped up hyped up and im not going to be bag holder...i don't follow this nonsense story like If you buy value Property it Will always going up and you hedge so that's what the rich people do this what i say "...just because you are rich doesnt mean that you are strong on finances and money you could be easy food for the bankers.

My conclusion is i'll just make Even better money with staking smart way dca % cryptocurrency.

Interest rates depends on your credit score and ability to make repayment so f they are giving high interest rate then you have a bad credit history and even default. And you are right banks are here to make money so they are not going to appreciate the ideas and give loans based on that. In my experience, banks will chase you to give loans.

And if your only goal is to make money the ways are countless and of course, you can do it via cryptos too but no investments comes with zero risks and guaranteed returns that is why bank ask for collateral, guaranteer and a lot of legal procedures when they are giving you the money.

[naira]

My conclusion is i'll just make Even better money with staking smart way dca % cryptocurrency.

Hah? You finally said DCA cryptocurrency? When talking about hedging and asking for cheap taxes, why not far away Bitcoin offers an offer without any interest. In using the word cryptocurrency, it is too broad so what coin do you mean? if it's anything other than Bitcoin the risk is much greater than property. No matter how bad the property is, you can still use it as a place to do business, but in cryptocurrency which you yourself didn't mention, I assume the altcoin is rubbish, very easy to manipulate.

[fuguebtc]

As you say, you are a businessman and your goal is to make a profit, so don't forget that a bank is also a business and they also need to make a profit. You are the one borrowing money from them and you need to comply with their regulations, if you feel dissatisfied with their rules, you just need to refuse, you don't need to badmouth them when you can't borrow. For example, if you were a lender and with the interest rate you offered, many people were dissatisfied and said bad things about you, how would you feel?

Banks don't need you and they don't force you to borrow money or deposit money with them. If you find them annoying, never use their services, that's it.

[Faisal2202]

As you say, you are a businessman and your goal is to make a profit, so don't forget that a bank is also a business and they also need to make a profit. You are the one borrowing money from them and you need to comply with their regulations, if you feel dissatisfied with their rules, you just need to refuse, you don't need to badmouth them when you can't borrow. For example, if you were a lender and with the interest rate you offered, many people were dissatisfied and said bad things about you, how would you feel?

Banks don't need you and they don't force you to borrow money or deposit money with them. If you find them annoying, never use their services, that's it.

You have made a valid point, I was thinking the same, no one wants to lose their earned money. Either its the OP or the Banks. They want to earn from each other as they can. But,  OP do have a point that by doing DCA in crypto he can earn more and could get more profits. But foe OP, I have only one suggestion, that if you are a businessman then you must know the rules of business.

You must have some expectations of profits and for how long you are planning to hold the assets you are going to buy. Either it is land, property or cryptocurrencies. Point is, BTC is a good hedge against inflation but you will get to see the results in the long run. So please make a mind set that is required to do earn profit by accumulating BTC. And it does not matter how you accumulte BTC, like you can do DCA and Lump sum too. But if you are planning to invest in some assets that could generate you high profits and you don't have to pay huge interest and you want full custody then investing in BTC is better then anything. But be aware that I am talking only about BTC. I will not recommend one to start investing in alts for holding purposes.

[letteredhub]

They don't give you nothing they get profit and they don't help with innovation.
And speciaially the big ones what they do is just they want you to have a lot liabilities responsebilities and a lot things you need to pay.
And instead of providing money for business mind people like me they just don't care about what is the idea but all they want is me to pay them.

You're a business minded person and that's the more reason business men like you are supposed to be more understanding about the impersonal  rules of getting loans than any stray across the street. What had you expected. That they give you what you're demanding for without a valuable collateral?

 Be honest with yourself, Is that how you would have run your own business as a business minded person?  In my opinion the bank is took a necessary financial decision/position.

My conclusion is i'll just make Even better money with staking smart way dca % cryptocurrency.

The word cryptocurrency reverberate over many coins, and I'll assume you are talking of bitcoin.

[Aanuoluwatofunmi]

They don't give you nothing they get profit and they don't help with innovation.

If you're considering the banks then it's better to give it a second more thought that the are even worst as you have given, there's nothing you can perfectly secure with them which belongs to you, then finding an alternative to this financial corrupt system is a better way out of it by going decentralized

My conclusion is i'll just make Even better money with staking smart way dca % cryptocurrency.

DCA is a good opinion for you to use, one can atleast make the possible and highest purchase and invest in bitcoin to hold over a period of time, it also provides a convenient means for its use while accumulating more of bitcoin than waiting long over time to accumulate much at ones.

[Die_empty]

They don't give you nothing they get profit and they don't help with innovation.
And speciaially the big ones what they do is just they want you to have a lot liabilities responsebilities and a lot things you need to pay.
And instead of providing money for business mind people like me they just don't care about what is the idea but all they want is me to pay them.

Banks will never go into any business which will not give them huge profits. Before a bank will agree to offer any credit or loan facilities they will do an in-depth evaluation of your business proposal, profit margin, and interest rate. If they are not sure of the business they will take collateral to serve as a guarantee. But to be candid, I didn't see any thing innovative in your business proposal. You just applied for a loan to buy a property which is very common among the populace. Although these bankers rend to be too greedy I won't blame them much, they have bills to pay.

My conclusion is i'll just make Even better money with staking smart way dca % cryptocurrency.

There is no guarantee that you will make more money from cryptocurrencies. But if your target is to invest in bitcoin, you can make some money depending on how much you invest and how long you are willing to hodl your coin. I am not sure of altcoins but bitcoin is more stable and reliable.

[kryptqnick]

Look, op, if you're looking to buy property as an investment, as a businessman (and you say so yourself), surely you must understand that banks are also businesses, also looking to make profit. So of course they want to get as much money out of their clients as they can without losing the client and thus losing more money, and get away with as much vagueness as they legally can.
I'm glad you're a responsible investor who's looking at potential investments in detail, asking for relevant info to assess your own risks. It's also nice to see that you want to try crypto (hopefully, Bitcoin) DCA, as you'll see it's much easier, doesn't require negotiations, loans, or maintenance fees.

[BIT-BENDER]

To be honest the service you require from the bank is not a service crypto-currency can offer you so I don't see the relationship with this your experience with the bank and Crypto-currency.

Crypto don't offer mortgage payment or even loan. Although there are services that are based on loan via crypto-currency but still the terms are condition's are made by the service providers so I understand your point about the unfair service from the bank but you just have tk work hard to improve your finances to avoid it .

[ajiz138]

Too high with a 'minimum' 40% down payment if you can't afford it then don't do it there are still offers that are below that because every bank is always different from what is conveyed to you.
The bank is already quite professional in terms of business especially with buying or renting property I think even with a 30% down payment it is still quite high if that is an objection then leave the bank.

I think not making money is better than staking, if this leads to altcoins then it will be very worthless later.
DCA percentages are better on bitcoin with a relatively good value term but you shouldn't get stuck on altcoins that only think your view is good.

[Smartvirus]

~snipe-

I figure a lot of frustration was put into creating this thread and as such, it came with a hand pouring error or perhaps English isn’t your first language and maybe your getting on with the aid of a translator because, it wasn’t an easy read. I had to do my best to connect the dots to make sense out of some statements.

From what I get,
You went seeking a loan and you were offered a mortgage at an outrageous percentage, you as well sort out a property in real estate to invest in but, it’s been offered at yet another high price and they still won’t let you inspect the property for damages or devalue it.
Hope I got all that right though! If that be the case,

Then that’s just how crappy the situation could be when you’re hoping to make meaning of your life from the bank. It comes at a high price but, you can’t get that in cryptos. Loans offered are relatively very low given the fact that, trust is what is been worked with and it’s only on a forum such as this. You’ll always be better off having generated your own money.

[jossiel]

@OP, you do what is the strategy that is working for you.

If staking dca is working for you, I don't know how you'd do that but if it's working for you then you have to do that for your own sake.

DCA is the best strategy that many have been doing for years and no matter what the market status is, you'll have to keep buying without looking at the present.

[goaldigger]

Banks are very aggressive and they want to assure that they have the collateral and that kind of downpayment is very normal, also the interest are high with banks.

We can’t do anything about this especially if we are the one applying for a loan, but if you can still live on a normal life then better to invest first before taking any loans, and instead of saving your money in a bank better to look for a good investment, crypto can be your option but you have to understand the risk so you wont regret it.

[tabas]

They don't give you nothing they get profit and they don't help with innovation.
And speciaially the big ones what they do is just they want you to have a lot liabilities responsebilities and a lot things you need to pay.

I don't think so that they remain laggards with their business. In fact, they're even implementing and trying to innovate to keep themselves in line with what's the current trend today, thus there's the CBDCs. Well, as for that liabilities, there's a balance into their management and they know how to handle that.

And instead of providing money for business mind people like me they just don't care about what is the idea but all they want is me to pay them.

They do provide that for people like you but maybe you're not approaching them rightly or you're not eligible for the customers that they do help out to take loans. When you say provide money for you guys, they're a bank and a business and not a charity so basically you're obliged to pay them back if ever you're granted a loan request.

Yesterday i was talking with one of the biggest USA bank they told to me i have to put down minimum of 40% down payment for buy to rent Property purpose of loan.
We has discussion about one of the condos apartments in park Ave area and 56 west so there is best area.
First of all i said i will never Ever pay that kind of % for the mortgage that's insane.
Second point is the pieace of land and a lot of glass with concrete not worth that much of money i would take risk.
Third, point i asked the proper construction building assestment scheme so i will see all the faults in Property aswell and off course they refused.
But i know it's a crap and i'll make my offer that i want they are not gona sell to me their crap with most expensive price Im here to make money and earn profit not to be the one who will put all my time and efforts for nothing Im businessmen my purpose of existence is to earn profit
The high end Property been pumped up hyped up and im not going to be bag holder...i don't follow this nonsense story like If you buy value Property it Will always going up and you hedge so that's what the rich people do this what i say "...just because you are rich doesnt mean that you are strong on finances and money you could be easy food for the bankers.

You know what, you're asking to buy through mortgage and that's a policy from the bank that you have to pay certain amount for the downpayment. You should have just negotiated well on them because they might give you some better rates and DP for that property you're acquiring. And you're trying to talk with the bank so, you're at their mercy and you can't do anything with that.

My conclusion is i'll just make Even better money with staking smart way dca % cryptocurrency.

Compared to this, yeah, just DCA or stake or do whatever you want with your money because you've got more freedom doing it.

[Yamane_Keto]

You are now talking about your impression or feeling about something that may be right or wrong, but you are not offering criticism of the idea. The mortgage is considered a financial instrument more than an investment in the property or related to it, and therefore it is risky to pay the price of buying an apartment on credit unless you calculate your steps properly. True, otherwise you will fall into a long spiral that will not be easy to get out of. Spending on real estate outside the residential framework is a long-term investment in the value of the property assuming that it will increase, or short-term speculation with the aim of achieving a large profit, so choose whichever of the two you want.

[Squaremile777]

You are now talking about your impression or feeling about something that may be right or wrong, but you are not offering criticism of the idea. The mortgage is considered a financial instrument more than an investment in the property or related to it, and therefore it is risky to pay the price of buying an apartment on credit unless you calculate your steps properly. True, otherwise you will fall into a long spiral that will not be easy to get out of. Spending on real estate outside the residential framework is a long-term investment in the value of the property assuming that it will increase, or short-term speculation with the aim of achieving a large profit, so choose whichever of the two you want.

Banks make money out of debt out of thin air so i want to get that money also not just that they make money out of me when i make money they make money one day people will just use crypto and Even nobody dont take cbdc we choose btc it's our Free Will and that's then what bankers Will close their doors and what they do then ? Will they eat their own printed money ,here is the thing you don't mess with Strong ones If you mess with strong ones it's problem you need to see those who are strong better get them on your side.
The fact that they make money out of thin air means If they want to be more successful they need to share this with those who make business then they keep their income stream also good.

The second point is that no building no land worth of that kind of price they asking.
And If had to put down 40% down payment i could just buy my own Property without any mortgage so i hope they will finally work together with business mind person and we drink together expensive drinks and make good profit.

[yhiaali3]

Do you think that banks are charitable organizations that were created to facilitate people's affairs and financial needs? This is a huge mistake, if they do not earn from you exponentially, they will not give you a cent.

If you are going to pay 40% of the property price, it is better to buy a cheaper house in another area or invest in your own project, so I think that your decision to leave the banks and move towards the BTC DCA strategy is absolutely correct.

Investing in Bitcoin in the long term is much better than investing in real estate by taking a loan from the bank. At least you will not owe anyone and you will get your full profits, whereas if you get a loan, all your profits will go to the banks, and if you are late in paying, the property will be seized.