Simple example there is many of course.
if you want to buy a house and there was no such thing as interest. Houses would be priced at the maximum amount sellers think people could afford. Some will trade 5 years of their life for it others maybe more or less but it is still within reach its not a dream and the seller will profit.
With interest which is what we have today. Houses are priced at the maximum amount people could borrow not afford. This is money they haven't yet earned with no idea of their health in the future. It could take 30 years or more to pay off and they could take the house back if they default on their payment. This is why interest is so evil the prices are never fair it is built on the maximum amount sellers think people could borrow.
if you want to buy a house and there was no such thing as interest. Houses would be priced at the maximum amount sellers think people could afford. Some will trade 5 years of their life for it others maybe more or less but it is still within reach its not a dream and the seller will profit.
With interest which is what we have today. Houses are priced at the maximum amount people could borrow not afford. This is money they haven't yet earned with no idea of their health in the future. It could take 30 years or more to pay off and they could take the house back if they default on their payment. This is why interest is so evil the prices are never fair it is built on the maximum amount sellers think people could borrow.
