• Thursday, August 6, 2020

Stupid & Funny from Around the World :Continued

Discussion in 'General Photos & Multimedia' started by Irfan Baloch, Sep 12, 2015.

  1. Soumitra

    Soumitra ELITE MEMBER

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    Arnab technical support

     
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  2. fitpOsitive

    fitpOsitive SENIOR MEMBER

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    Ho Ya baby....
     
  3. Dil Pakistan

    Dil Pakistan SENIOR MEMBER

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    I live in UK.
    My take home salary is £5,000/- per month
    I live in a house worth £500,000/-

    The way it works is, bank gives the mortgage / loan to pay the full amount to the seller (vendor or builder) and I then pay back to the bank over 25-years.

    It is a well established system.
     
  4. BATMAN

    BATMAN BANNED

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    Can you tell, what's the monthly amount you have to return?
    Your answer would be helpful to the people of Pakistan, who fail to understand the trick.
     
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  5. MastanKhan

    MastanKhan PDF VETERAN

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    What is the amount financed and at what rate---?
     
  6. Dil Pakistan

    Dil Pakistan SENIOR MEMBER

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    I pay £325 per month. So this guy will pay according to the local rates and bank contribution.

    Also remember, with time the house price increases. So, there is a locked money in the house (called equity). If this guy wants to start a business, then the banks will be happy to lend based on the equity + his earnings + likelihood of the success of the business (its earning potential).

    It is no trick at all.
    Even the Islamic banks have brought in "Mudarba" and other type of lending schemes.

    The house was £500,000 when I bought it.
    I borrowed £200,000.
    I paid £300,000
    I pay £325/per month.
     
  7. BATMAN

    BATMAN BANNED

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    This is <7% of your income.
    What Pakpatan regime is demanding from public is >twice the total income of buyers and they are asking to pay in advance!
    Other mystery is, why govt. of Pakpatan is acting as bank? Are they here to favor contractors or add competition to existing banks?
     
    Last edited: Dec 5, 2019
  8. MastanKhan

    MastanKhan PDF VETERAN

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    That does not look right---200 k borrowed over 25 years at around 3.5% apr

    should be around a 1000 + pounds + insurance

    Here is a mort calculator

    https://www.nationwide.co.uk/products/mortgages/our-mortgages/mortgage-calculators/mortgage-payments

    325 paid over 25 years come to 97500 total including interest---there is something missing here.
     
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  9. ghazi52

    ghazi52 PDF THINK TANK: ANALYST

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    :blah:.........................:close_tema:
     
  10. khail007

    khail007 SENIOR MEMBER

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    @BATMAN
    @MastanKhan
    Dear Sirs are you considering your discussion as 'STUPID & FUNNY'.
    If not, kindly take it to some appropriate thread. Let's not pollute this thread with such 'SERIOUSNESS'.
    Thanks for your understanding.
     
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  11. dexter

    dexter SENIOR MEMBER

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  12. BATMAN

    BATMAN BANNED

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    It's mature humor and it is as funny as it can get.
    PM of Pakistan never seize to amuse us, with his golden words and economic plans. last time he even tried to do mimicry of Balawal Bhutto.
    Actually title of this thread should be changed to Niaziat.
     
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  13. ghazi52

    ghazi52 PDF THINK TANK: ANALYST

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    [​IMG]
     
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  14. ghazi52

    ghazi52 PDF THINK TANK: ANALYST

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    [​IMG]
     
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  15. ghazi52

    ghazi52 PDF THINK TANK: ANALYST

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  1. Ali Haider Hamdani