The 'What the fuck!' thread - Page 729

Happy Monkey · 11-07-2013, 03:24 PM

Islam prohibits lending money for interest, and there are particular setups that allow loans to be made without violating that prohibition.

Gravdigr · 11-07-2013, 03:46 PM

Quote:

Originally Posted by DanaC

It won't carry interest charges. That would count as usury.

Really interesting wiki article about it: http://en.wikipedia.org/wiki/Islamic_banking

Yeah, I ain't about to read all that rfn...How does "Guidance Residential" make money on an interest-free home loan? In a sentence. Or two.

DanaC · 11-07-2013, 03:46 PM

This thread has been going for nine and a half years.

DanaC · 11-07-2013, 03:49 PM

Quote:

Originally Posted by Gravdigr

Yeah, I ain't about to read all that rfn...How does "Guidance Residential" make money on an interest-free home loan? In a sentence. Or two.

There are a few different ways. One way is, rather than loaning you the money to buy a house, they buy the house on your behalf and then you pay them back for it, whilst they retain ownership until the debt is cleared. They make the profit by selling the house to you at higher than the asking price - instead of their profit coming through interest it comes directly from the sale.

There's more to it than that, but we've reached the limits of my ability to understand bank stuffs.

Gravdigr · 11-07-2013, 03:57 PM

Sounds like the difference between dope, and weed.

So, it's semantics, then?

Gravdigr · 11-07-2013, 03:57 PM

Thanks for the info, Dana.

Happy Monkey · 11-07-2013, 04:23 PM

Quote:

Originally Posted by Gravdigr

Sounds like the difference between dope, and weed.

So, it's semantics, then?

Depends on how they calculate the difference in price. There's no compound interest. I would guess that the price difference is usually less than what one would pay in interest on an interest-bearing loan over 30 years, with the tradeoff that paying off early has little to no benefit.

BigV · 11-07-2013, 10:07 PM

Quote:

Originally Posted by DanaC

There are a few different ways. One way is, rather than loaning you the money to buy a house, they buy the house on your behalf and then you pay them back for it, whilst they retain ownership until the debt is cleared. They make the profit by selling the house to you at higher than the asking price - instead of their profit coming through interest it comes directly from the sale.

There's more to it than that, but we've reached the limits of my ability to understand bank stuffs.

you're too modest, this is actually a solid gold explanation. excellent!

Gravdigr · 11-09-2013, 09:13 AM

Thanks, HapMo.

lumberjim · 11-10-2013, 11:21 AM

Quote:

Originally Posted by Gravdigr

Sounds like the difference between dope, and weed.

So, it's semantics, then?

That's enough of your anti semantic comments, sir.

Lamplighter · 11-10-2013, 11:44 AM

Quote:

Originally Posted by lumberjim

That's enough of your anti semantic comments, sir.

How can anyone be anti semantic ?
Without semantics there wouldn't be any babies.

Gravdigr · 11-10-2013, 03:09 PM

I'm a rabid anti-semant.

Griff · 11-11-2013, 07:07 AM

C'mon what kind of world would that be, no bridges, highways, or damns. Think man! Think of the...

glatt · 11-15-2013, 07:52 AM

I saw this video making the rounds over on Facebook.

I like Geena Davis, but this is like a really bad Saturday Night Live skit that causes you to turn off the TV and go to bed. She makes so many awkward gags that I was left wondering if the whole thing was made up. Is she for real? Is this really a thing? Or is it all a joke? I'd like some actual empirical data and a link to a study or something to back up the claims. What does donating money even do? Fund a new movie? Is she fighting for the children, or for actresses looking for voice roles? So many questions. This video is one big WTF for me.

Lamplighter · 11-15-2013, 08:17 AM

"Yeah see, Timmy...."

One of my favorite actresses, ever since I saw her in a tv comedy series many years ago.
I first noticed Geena Davis because that she is quite tall AND she stands up straight !

11-07-2013, 03:24 PM	#10921
Happy Monkey I think this line's mostly filler. Join Date: Jan 2003 Location: DC Posts: 13,575	Islam prohibits lending money for interest, and there are particular setups that allow loans to be made without violating that prohibition. __________________ _________________ \|...............\| We live in the nick of times. \| Len 17, Wid 3 \| \|_______________\| [pics]

11-07-2013, 03:57 PM	#10925
Gravdigr The Un-Tuckian Join Date: Apr 2007 Location: South Central...KY that is Posts: 39,517	Sounds like the difference between dope, and weed. So, it's semantics, then? __________________ These statements have not been evaluated by the FDA, EPA, FBI, DEA, CDC, or FDIC. These statements are not intended to diagnose, cause, treat, cure, or prevent any disease. If you feel you have been harmed/offended by, or, disagree with any of the above statements or images, please feel free to fuck right off.

11-07-2013, 03:57 PM	#10926
Gravdigr The Un-Tuckian Join Date: Apr 2007 Location: South Central...KY that is Posts: 39,517	Thanks for the info, Dana. __________________ These statements have not been evaluated by the FDA, EPA, FBI, DEA, CDC, or FDIC. These statements are not intended to diagnose, cause, treat, cure, or prevent any disease. If you feel you have been harmed/offended by, or, disagree with any of the above statements or images, please feel free to fuck right off.

11-09-2013, 09:13 AM	#10929
Gravdigr The Un-Tuckian Join Date: Apr 2007 Location: South Central...KY that is Posts: 39,517	Thanks, HapMo. __________________ These statements have not been evaluated by the FDA, EPA, FBI, DEA, CDC, or FDIC. These statements are not intended to diagnose, cause, treat, cure, or prevent any disease. If you feel you have been harmed/offended by, or, disagree with any of the above statements or images, please feel free to fuck right off.

11-10-2013, 03:09 PM	#10932
Gravdigr The Un-Tuckian Join Date: Apr 2007 Location: South Central...KY that is Posts: 39,517	I'm a rabid anti-semant. __________________ These statements have not been evaluated by the FDA, EPA, FBI, DEA, CDC, or FDIC. These statements are not intended to diagnose, cause, treat, cure, or prevent any disease. If you feel you have been harmed/offended by, or, disagree with any of the above statements or images, please feel free to fuck right off.

11-11-2013, 07:07 AM	#10933
Griff still says videotape Join Date: Feb 2001 Posts: 26,813	C'mon what kind of world would that be, no bridges, highways, or damns. Think man! Think of the... __________________ If you would only recognize that life is hard, things would be so much easier for you. - Louis D. Brandeis

11-15-2013, 07:52 AM	#10934
glatt ™ Join Date: Jul 2003 Location: Arlington, VA Posts: 27,717	I saw this video making the rounds over on Facebook. I like Geena Davis, but this is like a really bad Saturday Night Live skit that causes you to turn off the TV and go to bed. She makes so many awkward gags that I was left wondering if the whole thing was made up. Is she for real? Is this really a thing? Or is it all a joke? I'd like some actual empirical data and a link to a study or something to back up the claims. What does donating money even do? Fund a new movie? Is she fighting for the children, or for actresses looking for voice roles? So many questions. This video is one big WTF for me. Last edited by glatt; 11-15-2013 at 02:50 PM.

11-15-2013, 08:17 AM	#10935
Lamplighter Person who doesn't update the user title Join Date: Jun 2010 Location: Bottom lands of the Missoula floods Posts: 6,402	"Yeah see, Timmy...." One of my favorite actresses, ever since I saw her in a tv comedy series many years ago. I first noticed Geena Davis because that she is quite tall AND she stands up straight !

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