Analyse @AdvoBarryRoux's tweets
Why is it easy for the banks to give you R356,000 for a car, but decline your application for a house of R150,000? https://t.co/i9wGUm2fo2
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| internal | 90.5% |
| advobarryroux | 89.6% |
| because | 9.9% |
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Replies and Quotes
@AdvoBarryRoux Property translates to wealth. Africa must be kept poor at all cost, so the World can retain their standard of living from our dirt cheap raw materials. So they would encourage you to buy a car instead ?♂️
@AdvoBarryRoux Ahh R150,000 is too much they'll decline your R50,000 business loan....I've always complained that something is wrong here we are really being played Bafwethu
@AdvoBarryRoux Because they make easy quick from a car while it is quickly losing value.
@AdvoBarryRoux Nevermind that, you won't get a business loan for R 450 000 but that Golf GTI, you will qualify for it
@AdvoBarryRoux A car is max six year loan
A house in max 25 years
The banks don't want to be stick with bad debt for such a long time on a home loan
A house in max 25 years
The banks don't want to be stick with bad debt for such a long time on a home loan
@AdvoBarryRoux Even when they approve your home loan they'll sell "us" [Blck Ppl] low cost homes built out of low cost materials that can't even withstand mere heavy rains. They also play a pivotal role in dividing SA even further Whites in the surburbs Black's in the townships.
@AdvoBarryRoux I don't think this statement is entirely accurate, there are factors such as Debt to income ratio to consider, people tend to purchase a car first for work, then attempt to buy a home later. ITI for car = 25% and ITI for home 33% of Gross income.
@AdvoBarryRoux They don't want to see us financially stable dude. Haven't you seen these sh*t!! https://t.co/TnCmjffDG2
@AdvoBarryRoux Its a matter of how much they gonna gain from that loan.
They once declined me 45o ooo to buy a flat but they approved 1 6oo ooo for a house.
They once declined me 45o ooo to buy a flat but they approved 1 6oo ooo for a house.
@AdvoBarryRoux It’s the system designed and supported by ANC. Economic oppression. A car is a liability but a house is an assert.
@AdvoBarryRoux This cannot be... Does this happen in reality or is this rhetorical ?
Such a bank would find it hard to sustain their operations let alone their existence.
Such a bank would find it hard to sustain their operations let alone their existence.
@AdvoBarryRoux If you don't pay, they take the house, which has more often than not, maintained it's value or increased.
A car, losses value the second you drive it off the showroom. So it's a bigger risk.
2. A house is 20-30 years to get their money. A car, 5.
A car, losses value the second you drive it off the showroom. So it's a bigger risk.
2. A house is 20-30 years to get their money. A car, 5.
It's all about risk and security. Understsnd those 2 things, and you'll figure out a lot about financial institutions and business as a whole. https://t.co/Dk8Lpa0vTR
Because they know that we can sleep in the car, or let me not continue. However I hear your point and that is the racism and unfair treatment the public protector was talking about. Banks and other people never loved us period! https://t.co/ob3znSljFU
@AdvoBarryRoux @officialkefiloe ? they know that a car is much more of a liability.
@AdvoBarryRoux The longer the term of the loan, the lower the risk of the client must be. Nobody disputes this, what people dispute is the method used to determine who is high risk and who is low risk.
@AdvoBarryRoux If you buying a house from cosmopolitan you'll definately get the loan.try it nkokheli
@AdvoBarryRoux Because a house is an investment, and you will later make more money than what they gave you, which doesn't benefit them. But with a car, they can make more profit with interest quicker than they would with a house. Now if I may ask, where does one get that R150k house? I want it
@AdvoBarryRoux These Goddamn mainstream banks don't love black people. Especially FNB. It's disgraceful
@AdvoBarryRoux by you, you mean blacks, ryt? ? if yes, then ask Ngcukaitobi ?
@AdvoBarryRoux Apparently a house is an asset and a car is a liability, for some reason they don't really want you to benefit from their money?♂️
@AdvoBarryRoux "Immovable assets" and "movable assets" are both treated in a different approach of financing by the banks..
@AdvoBarryRoux Common sense my friend, car depreciates in value, a car will make you poorer. A house on the other hand, make you richer, so who would want to make everyone rich? But bank wants to make you poor and benefit at the same time
@AdvoBarryRoux @nobertmoyo08 After 5 years you likely to come back for another Car,
On the other hand 5 years you will be relaxed in your house.
On the other hand 5 years you will be relaxed in your house.
@AdvoBarryRoux A house is an investment and a car is not. Banks belong to the white, the same people who want almost all nice things for themselves.
@AdvoBarryRoux Maybe we nned 2 tag these banks let's c if they have the decency 2 reply 2 the vast majority of thier customers that they claim 2 care about. @CapitecBankSA @FNBSA @AbsaSouthAfrica @Absa @Nedbank while we @ it can we also speak about the high interest rates 2 Blck Ppl, why?
@AdvoBarryRoux They make their money very quickly, 6/7 years max and it's very much possible to come back for a new car. after that period and the house is 20 years
@AdvoBarryRoux Because, they want people to buy houses than to build for themselves.
@AdvoBarryRoux To beat the system just say you want a personal loan. They'll give you the R150 000
@AdvoBarryRoux They make fast and more money when they give you a car...
@AdvoBarryRoux God bless you, am kind of angry with dis system and it’s actually affecting most Black South African ???
@AdvoBarryRoux They know if you have a car you will go to work ?? and they will get their money back...?
@AdvoBarryRoux I had the exact thing happened to me,, just unbelievable ☹️
@AdvoBarryRoux Payment period and it is easy to repossess a car.
It is because you already have a car that is taking almost half of your salary now you can’t afford that house... next time try for a house first and see what happens. https://t.co/tqThLZoFdd
Cause that is how they make more money over a shorter period risk less https://t.co/lpFRHhm66f
@AdvoBarryRoux 1 is an immovable appreciating asset/liability, 1 is a depreciating asset/liability. But notice if installment on the car is R10000pm you can pay R10000 on the house and you can finish paying it sooner.
The reason is they don't want you to own the land.
They always approving liabilities but decline ASSETS. https://t.co/ByXhGy1h1y
They always approving liabilities but decline ASSETS. https://t.co/ByXhGy1h1y
@AdvoBarryRoux The system is designed to indebt our African Brothers and sisters through useless assets
@AdvoBarryRoux The banks are so weird i remember last year wanted to increase my credit card limit from R3000 to R5000 and they declined me but wanted to give me R22000 that will pay back in 28 months https://t.co/0Kae1uGFPj
@AdvoBarryRoux Racial profiling... Banks do it all the time... This is why a State Bank is needed... Keeping us ko Kasi, ko di back rooms... Most people are considered to be earning too much to apply for a RDP house, at the same time earn too little for a mere Bond of R200 000...?
@AdvoBarryRoux But seriously I don't understand this they can decline u a business loan I mean come on
@AdvoBarryRoux Good question there Advovo. Next time tag them coz I really don't know
@AdvoBarryRoux The interest and term of lending on a car is high and the return on investment
@AdvoBarryRoux Cars depreciate drastically and pose risk. Banks are easy to offer you liabilities. The minute you want to acquire serious assets they turn you down, red tape for years. No house loans or business loans. There should be a policy where you don't inform them what your plans are
@AdvoBarryRoux If you can't pay for the car anymore, they will come and collect it. But if you blow that 150k and can't pay bazokwenza ?♀️
@AdvoBarryRoux Because buying a house is an investment that if used wisely can give you more money before selling it later after it appreciates. They are determined to make us poor by selling liabilities
@AdvoBarryRoux Our government still continues to fail us they just comfortable with the white system that will never see us elevating, we need a state bank otherwise we will forever stay ekasi
@AdvoBarryRoux Banks can even give you a R1 500 000.00 house bond but won't grant you a R300k business loan. But sometimes I blame the ANC
@AdvoBarryRoux Car is a movable property and can get smashed in no time. On the other hand, the house is an immovable property and market value accumulates.
@AdvoBarryRoux Banks are a system that was designed to ensure that we remain poor,they don't want any of us to have an "available balance" at the end of the month, they will call you just to get something from that available R300, what if they give you money and you get financial freedom ?♀️?
@AdvoBarryRoux Wait, what kind of a house is worth 150k?
@AdvoBarryRoux Because they just created that law for black people! Then when you start complaining...they just fah fah fah you with a 32 days notice account followed by a funeral cover and free airtime to organize your funeral...NINYE NYI! https://t.co/8Mz6OkpC00
@AdvoBarryRoux bcz it's their money so they decide who to loan https://t.co/Dl6Sk5AXh4
@AdvoBarryRoux How about insurance companies they do give you home loans or personal??
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