" ... let's say I am a guy, 20 years old, fresh out of college. I have no rich parents, and no inherited fortune. I want to have a house (to build or buy it)."
High aims compared to most twenty-year-olds, but okay ... "What do I do in a country where banks can't lend me money? From where do I get the money to buy my house? I see no such source." Why must you have a loan? Are rich parents and inherited fortunes the only other source of wealth aside from borrowing it from someone else? "So, I have to live somewhere with rent (in a house / apartment), but besides the fact that I don't live in the house I dream of, I also pay a lot of money (which, by the way, will add up to much more the loan and interest, in the same time frame) and still don't own the house no matter how many years pass!" Well, that is how the concept of 'rent' works. Persons in the real estate rental business earn their money by purchasing or building properties, which they then extend as temporary living arrangements for persons who cannot afford their own home, or who do not wish for some of the incumbent hassles of home ownership. Renting, wile not the most fiscally-sound practice, is not nearly so one-sided a proposition as you seem to imply. "If I can get a loan, I get to live in my house, and after 20 - 30 years it belongs to me." Or, five, or seven, or ten, or fifteen; whatever the terms of the mortgage. "What do you want me to do? Make others rich by paying rent because I don't want to make others rich by paying interest? Work 20 years and then buy my dream house?" If you do not wish to pay rent, or pay interest on a loan, then your only option is to either live under a bridge or find some other similar arrangements until you have saved up enough funds to build or purchase your own home outright. I fail to see the mystery or injustice here. Frank --- You are currently subscribed to e-gold-list as: [EMAIL PROTECTED] To unsubscribe send a blank email to [EMAIL PROTECTED] Use e-gold's Secure Randomized Keyboard (SRK) when accessing your e-gold account(s) via the web and shopping cart interfaces to help thwart keystroke loggers and common viruses.