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jjeaff
4y ago
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They are paying less than half a percent interest in most cases. So the interest doesn't really factor in.
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chii
4y ago
If the banks are willing to lend at this low rate, so be it. It simply means money is cheap.
jjeaff
OP
4y ago
They are usually only willing to lend at a rate that low to the wealthy only. Because it is lower risk, but mostly because they want to ingratiate themselves to the super wealthy because it can lead to future, more profitable deals.
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