Date of publication: 11/15/2013

Mortgage loans have a rather bad reputation in Russia. Many people are afraid of losing property, getting into debt or taking out an unfavorable loan. The reason for these fears is a lack of information.

Misconception No. 1. “Gray” income

Gray income is earnings that are not documented. However, contrary to popular belief, a bank can issue a mortgage if there is an easy way to verify your income. Therefore, some banks ask for a certificate certified by the employer as confirmation.

Misconception No. 2. If the bank goes bankrupt, I will have to repay the loan early

Typically, bank bankruptcy is a long process. The loan portfolio of a bankrupt bank is transferred to another credit organization (not to collectors!). However, the terms of your agreement do not change.

Those. you continue to make monthly contributions, only to a different bank. If another bank tries to change the conditions (worse them), then feel free to file a lawsuit. In addition, the loan agreement specifies cases of early repayment. So read the contract carefully.

Misconception No. 3. The apartment is owned by the bank until the loan is repaid.

The most common myth. When you take out a mortgage, the apartment/house immediately becomes your property. However, the certificate of ownership will contain a clause indicating that the premises are encumbered with a mortgage. This only means that you do not have the right to dispose of property without the bank’s permission.
The bank cannot just take away the apartment!

Misconception No. 4. A mortgage must be obtained from a reliable bank.

This is why everyone goes to Sberbank. This is logical and correct. However, you can get much better conditions if you go to a less popular bank.
In fact, it doesn’t matter which bank issues the mortgage. Only the mortgage agreement is important. Therefore, read the terms and conditions carefully.

Misconception No. 5: Taking out a mortgage is dangerous. The future is unclear...

Russia is such a stable country that many are afraid of the future. After all, it is unknown what will happen in 15-20 years. Or you may lose your job, or your ability to work.

First, if mortgages become cheaper in the future, you can refinance the loan. Those. you can get more favorable conditions.
Secondly, possible health problems can be insured in advance. If something happens, God forbid, you will be able to pay off part of the loan with insurance payments.
Thirdly, there is no need to be afraid of losing your job. It is profitable for the bank to “keep” you. You can go to the bank and ask for a two-month deferment. Or you can set aside money in advance for the amount of two months' payments, i.e. insure yourself in case of financial difficulties.

Misconception No. 6: You must choose a mortgage with a minimum down payment.

On the one hand it is logical. After all, it is better to pay a small down payment so that there is money left over for repairs and the purchase of furniture, equipment, etc.
In fact, it's quite the opposite. The higher your down payment, the better your mortgage terms will be. Banks trust borrowers more who make a large down payment (about 50% of the total amount). After all, if the borrower has accumulated such an amount, then the bank rightly believes that the borrower is a conscientious one with good earnings.

If you make a minimum down payment, you take out a mortgage for a much longer period. In the long run, you will overpay a lot. In addition, the bank may simply refuse you a loan, considering that you do not earn enough.

Misconception No. 7. When pledging existing property, you do not need to confirm income.

Some people believe that when making a deposit you do not need to confirm your income. This is justified by the fact that the amount of the pledged property is higher than the cost of the mortgage. Typically, the borrower’s existing apartment serves as collateral.

The bank must be confident that you will be able to pay your mortgage. And the deposit is insurance in case you cannot pay. The bank wants to earn money on interest, and not trade in the property of careless borrowers.

Conclusion

As with any other activity, when applying for a mortgage you need to think with your head. There is no need to be afraid, but you also shouldn’t be frivolous. Cold calculation is your tool. Don't be afraid to hire professional lawyer or realtor. It is better to pay professionals to save your money and nerves later.

Thank you for your attention!

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Psychologist Vera Andrew has worked in humanistic integrated therapy in London and is an accredited member of the British Association for Psychotherapy (BACP), and now conducts private practice in the center of Moscow. She told the portal site about in what cases it is better to refrain from taking out a mortgage so as not to harm your psychological health.

Is there such a thing as psychological readiness for a mortgage? What does it mean?

Undoubtedly, there is such a phenomenon. Psychological readiness- this is awareness of choice and its comfort. That is, understanding why you are doing something, what it will give you, as well as being prepared for the consequences of this choice. A mortgage is a long-term choice, both from a financial and psychological point of view. It should be completely yours and accepted for your reasons.

You should not make this decision under social pressure - all your friends already have their own apartments, your parents think that you need to “settle down,” etc. It's your decision. Is buying an apartment really a priority at this stage of life? On the one hand, a mortgage is an opportunity to quickly improve your living conditions without depending on the landlord. On the other hand, you may lose some flexibility in making other decisions. For example, it is more difficult to radically change the field of work, take a long unpaid vacation, or pay for additional training. Are you ready to lose this flexibility and other opportunities?

How can a potential borrower prepare himself psychologically for a mortgage?

It is important to understand that a mortgage is the longest-term and largest financial obligation. If you are convinced that buying an apartment is really important and necessary at this stage, then next step- make sure that she will be comfortable from a financial point of view. You should not put yourself in a situation where payments are too large and come at the expense of other important expenses, for example, vacations, leisure, etc., not to mention unforeseen expenses that do happen in life. It will be better if other circumstances of your life and sense of self are stable.

You should not take on an additional obligation if at a given period of your life you are experiencing, say, difficulties in relationships - in the family or at work. When loved ones are having difficulties and you are providing support, it may be worth postponing the decision to add another commitment during this period. Psychologically this will be more correct. Overall, you should be sure that the decision to take out a mortgage is truly important and a priority for the long term.

Do you even need to tune yourself in? Maybe a person should come to this himself?

You need to be prepared, for all the reasons that we discussed above. The decision should not be impulsive. That's why it's useful to think through all of these issues - if possible, then with people you trust, who are financially literate and not involved in your decision.

In general, how does a borrower feel with a multi-million dollar debt? Can you describe the normal and abnormal psychological state in such a situation?

A normal psychological state is when you understand that you have made a well-calculated and real commitment. Take your mortgage lightly, as it is just another liability you have chosen in addition to those that already exist. You remember that you successfully manage other forms of responsibility, ranging from self-responsibility to family, children, work commitments, etc.

Another scenario is when debt weighs heavily on you. Most likely, this means that you have not calculated the financial aspect carefully, so you have to give up other opportunities in favor of paying off the debt. Or buying an apartment wasn't that important and you're not sure what you did right choice. In any case, mortgage payments that have become more than a financial obligation create feelings of anxiety and discomfort.

What to do if you have an abnormal psychological state? Sell the apartment and pay off the loan?

It's worth understanding what's going on. Any case is individual, and you need to understand what is the cause of the severe psychological state. Talk to a psychologist - once you pinpoint the causes of discomfort, you can find a solution. Selling an apartment and paying off the loan is a solution in the absence of other options.

What people are not cut out for mortgages and loans in general? After all, there are always those who will save, but will never go to the bank.

In my opinion, there are several factors here - different understanding priorities, attitude towards money, brought up in the family, own attitude to money, etc. Despite the prevalence of loans, there are people who firmly adhere to the rule of never borrowing unless they have earned it themselves. This is most likely an attitude towards money brought up in the family, and it has an undoubted advantage. This position is conservative but responsible, eliminates impulsive or poorly thought out decisions and gives a person a sense of stability.

But there are also those who love loans, moreover, it turns into an addiction. What is the reason for this phenomenon? Are they a special type of people?

I would not call this a type of person; rather, it is behavior based on a certain amount of impulsiveness. The consequences are not considered when making decisions. Dependency of any kind is precisely making decisions in an attempt to change or gain some emotions. These emotions (joy, relief) are short-term, but at that moment they are considered as the only possible ones. Something like “play today, pay tomorrow.” This behavior underlies all addictions and is used to varying degrees in sales.

Usually this behavior was demonstrated to one degree or another by adults in the family, and later the person did not recognize it or work on it. Well, of course, incomplete financial literacy plays a role.

Do you think a person working in the banking industry has a much easier attitude towards loans?

As a rule, people working in the financial sector are more literate. They often believe that they can borrow only to invest. They understand how the loan structure is structured, know how to consider different options, calculate benefits and risks, and realistically assess their income and capabilities. The attitude towards money is responsible, there is no impulsiveness.

In which professional areas are people more relaxed about mortgages?

In the financial sector, in the areas of economics, energy, in a word, where financial literacy is high. A mortgage is considered as an investment, many options are calculated, and the income and stability of these areas are higher. The ability to speak the same language with the lender and negotiate more profitable options for yourself is a big advantage.

According to statistics, in Russia a mortgage loan is repaid much earlier than planned in the payment schedule. Why do borrowers want to get rid of their debt so much?

Traditional mistrust in the stability of the banking system, legislation, policies and financial products plays a role. In general, uncertainty about the future. In Western countries, people often continue to have a mortgage, even if they could pay it off earlier, using the money for other purposes and receiving income from it. Almost 100% buy-to-let mortgages are common and popular even after the financial crisis. Many people buy a second apartment this way.

The psychological desire to not be dependent on debt, to be able not to think about it, means that people will strive to pay off their mortgage faster if they have such an opportunity.

In the future, could something change in people's minds, and mortgages will not be perceived as bondage? What is going to happen?

First of all, it is necessary that the political situation, legislation, and banking system become stable. The level must change financial literacy of people. Banks should offer a greater variety of mortgage products at lower interest rates, making mortgages a more traditional and accepted method of purchasing a home. Then people will make such financial decisions easier and more confidently and will be able to feel more psychologically comfortable.

Publication date June 26, 2015

How many times have we heard that mortgages are a conspiracy on a planetary scale aimed at enslaving the ordinary population. Is it so? Everyone will answer this question for themselves, but still do not forget that in modern world in a market economy, for the vast majority of people a mortgage is the only way buy your own home.

Of course, a mortgage is one of the most complex types of lending, and you cannot sign a contract without understanding what it is about.

Basic principles of a mortgage loan

This loan is targeted, that is, the money is transferred automatically to the seller’s account, and not to your hands. The purchased property becomes collateral. This is very important point. The fact is that, according to Russian legislation, the debtor’s property can be seized, including real estate. But, if this is your only home, then they have no right to foreclose on it. But not in the case of a mortgage. If you are late and do not pay the bank, do not expect that the bailiffs will not fulfill their duties just because you have nowhere to live except this apartment. They will evict you, and it’s worth knowing.

As in the case of a car loan, when concluding an agreement, the bank will also require an insurance agreement, but in this case it will not be the property that will be insured (the apartment, even in the event of a fire, does not lose much in value), but your life and health. The bank must be sure that if you become critical, it will not lose money. The only advantage is that this is also beneficial for you, and the amount of such an agreement is not as burdensome as CASCO for car loans.

Next, no matter that you take out a loan to buy an apartment, still prepare the money. No bank will agree to a deal unless you make a down payment, and its amount is usually around 30% of the cost. Next, depending on the amount of the down payment, the bank will personally calculate the interest rate for you.

Such a loan is extremely rarely issued for short term. As practice shows, loan terms are in the range of 10-25 years. This should be taken into account, especially by the payer. He must be firmly confident that over such a long period of time he will remain solvent and know that during this time he will significantly lose money. And mortgage payments are not small.

It is also worth knowing that buying housing from the secondary market is easier than buying a new building. But the bank will issue a loan for the purchase of primary housing only if the construction company is its partner. The bank's websites indicate which companies they cooperate with. This is due to the fact that the bank very well checks the financial component of such enterprises, so as not to end up without collateral, since the house will not be completed. For the payer, by the way, this can be a very good help when choosing a construction campaign. Be sure that if a large bank cooperates with them, then they have already been checked and double-checked, and you are unlikely to be among the “defrauded investors”.

There is no need to be afraid of a mortgage, you just need to take it into account.

Mortgages have a short history. The first mortgage loans were issued in 1997. 17 years have passed. During this time, mortgages have already acquired fears and myths. According to the results of sociological surveys, only every tenth person is not afraid of a mortgage. Most of them are those who already have housing. Let's leave these lucky ones aside. Let's talk now about those who do not yet have their own housing. What are they, the fears that prevent potential apartment buyers from going to the bank and making their dream come true? Premier Group specialists will tell you how to get rid of unnecessary doubts.

Fear 1: “they will give or they won’t give”

An insidious fear: if they don’t give it, then it’s bad, and if they give it, then it’s also bad: you’ll have to overpay the cost of the apartment several times over. The latter also include those who are afraid of loans in general. We can conclude that the fear of loans lies in the fact that you buy a product at one price, but in reality you pay double the price. “It’s not even scary, but it’s wildly offensive to overpay significantly. Moreover, these are absolutely tiny apartments, when for the same money you can almost buy a house in Greece,” admits one of the doubtful buyers. At the same time, many begin to compare mortgage rates in other countries, and completely put off the dream of owning their own square meters. People, as a rule, see a way out in saving up and buying an apartment on their own. Note that this option works if the buyer needs to save for housing no longer than three years.

If you only manage to save for 10 years, it makes sense to remember that taking into account inflation and rising prices for apartments, in 10 years housing will cost approximately the same as an apartment costs today, taking into account mortgage interest.

People are also tormented by the fear that they won’t get a mortgage. Especially if they have already applied to one bank and were refused. It's worth trying a second bank, a third. Conditions and requirements vary from bank to bank.

Fear 2: “fear of the unexpected”

This is the fear of losing a job or getting sick or becoming disabled.

It should be borne in mind that if the borrower understands that in less than six months he will be able to cope with the problem of losing his job or health, then it makes sense to go to the bank, explain the situation and ask to freeze payments. The bank can do this for up to 6 months. However, you should be aware that the bank may freeze debt payments, but you will still have to pay interest on the mortgage. Overdue payments will then have to be reimbursed in a lump sum or according to a schedule established by the bank.

If the borrower dies or receives group I or II disability, the insurance company reimburses the bank for the borrower's debt. In all other cases, you should sell the mortgaged apartment. There is no point in stalling for time to avoid additional fines.

Fear 3: "undermining" family budget or lose your apartment due to delays in payments"

Young people want freedom: they don’t want to owe anything to anyone or owe anything to anyone. It is unlikely that anyone will like the idea of denying themselves now in order to become the owner of an apartment in a few decades and realize that it has long been small.

Consumers are especially outraged by the fact that there is no incentive to pay off the loan earlier; more often than not, there will be no savings.

This is a myth left over from the times when it was not allowed to pay off a mortgage early. Currently, it is possible to pay off your mortgage early without penalties or moratoriums. To do this, you just need to notify the bank in advance. Then the bank, if part of the debt is paid early, will recalculate the payment schedule and reduce the overpayment of interest.

I would also like to refer to the statistics, which say that from January 1 to July 1, 2014, mortgage debt decreased by 2.6%, and compared to July 1, 2013, it decreased even more - by 3.6%.

To overcome the fear of “undermining the family budget - losing the apartment due to delays in payments,” it makes sense to consider the following option: save 50% of the cost of the apartment and take out a mortgage for 5 years so that the monthly payment is no more than 30% of the family income. In this case, the overpayment will be no more than 25% of the cost of the apartment, the term will not be “lifetime”, and the mortgage payments will not be “enslaving”.

Fear 4: “fear of being deceived”

This includes those who are afraid of divorcing their spouse, as well as those who are afraid of being defrauded by the bank (hidden fees that can arise after taking out a mortgage). Moreover, bank clients often point not to additional insurance costs, but to “an incomprehensible pile of additional payments, fines and penalties.” Note interesting fact: according to numerous studies conducted by banks, a mortgage can reduce the risk of divorce tenfold: over 5 years of paying off mortgage debt, divorce occurs in less than 1% of borrowers. And this despite the fact that, according to statistics, about 60% of families break up in the first years of marriage.

A lawyer who can competently draw up a marriage contract can help overcome the “fear of deception,” and will also help with concluding a mortgage agreement without “ dark spots": will indicate all the conditions, violation of which may result in the accrual of penalties, commissions and a change in the interest rate.

Fear 5: Craving for a nomadic life

IN Lately Some Russians increasingly began to develop a “Western” fear – the need or desire to change their place of residence. Career development forces people to move from one city to another. Or the housing for which they took out a mortgage became undesirable, and “that very dream apartment” appeared on sale. Or children have been born, and an increase in space is needed... In the imagination of many Russians, a mortgage ties people to one place for many years. The majority believes that the only way out from the situation, - rent out an apartment “with a mortgage” and rent a house in the desired area.

In reality this is not the case. An apartment encumbered with a mortgage can be exchanged. This procedure is called “collateral replacement.” However, it should be borne in mind that if the new apartment is located in a region where the bank does not have its own branch, the bank will not agree to replace the collateral.

All the fears that potential apartment buyers are presented with when talking about mortgages can hardly be listed. Of course, obtaining a loan requires serious thought and a sound assessment of your own strengths. But if a mortgage does not become a pleasant event in your life, then a long-awaited housewarming definitely will.

The material was compiled based on a survey conducted by Premier Group in July 2014.

For a person who has never borrowed money, deciding to take out a loan for an apartment right away is not very easy. My husband and I thought that we were earning quite well. In our case, the process of accumulation was reminiscent of Zeno’s aporia about Achilles and the tortoise: by the time we collected the required amount, it became insufficient, and we needed to save more. And in the spring it seemed to us that we were the same “turtle” that for some reason and against common sense was trying to catch up with Achilles. Zeno, along with his aporia, nervously smokes on the sidelines.

Actually, we were never afraid of mortgages. All these fears are from the series “what if...” and “what if”, and even the most terrible one – “what if suddenly....?!” They didn’t scare us, they just forced us to first carefully study the issue and other people’s experience (the Internet rules!), calculate the options and compare the programs of different banks.

As a result, largely thanks to forums and conferences, the International Moscow Bank was chosen. Several people took out loans in a row, and everyone was happy. And the Bank also seems to have the lowest rates - 9% in dollars and 11% in rubles. We considered the rubles and rejected them. Or rather, the husband thought for a long time, counted and said that in dollars, it seems to be more profitable. I won’t give all the arguments, but it sounded plausible. In addition, I have them written down, if it turns out that it was more profitable in rubles, he will wash the dishes for me until retirement without any “take turns.”

Oh yes... To be honest, we were still in a privileged position. We already had an apartment in the Moscow region. It’s a so-so apartment - a one-room apartment in a Khrushchev-era building, we haven’t lived in it for a long time (at first we rented it out, and then stopped), but against the backdrop of today’s madness, it cost a VERY good amount. Well, since we digress, we also sold it to the “mortgagee”, so we didn’t even bother hiring a realtor. It doesn’t take much intelligence to advertise in “From Hand to Hand”. And he is no longer needed for anything.

The entire transaction was under the control of the bank. All documents are standard. Transactions are carried out several times a day, like on an assembly line. There were, of course, calls from agencies - let's, they say, we will find you a buyer for a symbolic amount of 3-5 thousand dollars, but the husband nipped them in the bud, and the benefactors were sent politely but firmly. If you sell to a “mortgage holder”, the seller is reliably protected!

At first they wanted to carry out an alternative deal. Those. we find a buyer, quickly look for an option, and then conduct two transactions simultaneously. But this idea had to be quickly abandoned. Nobody wants to wait. They honestly don’t believe that we won’t raise the price. The rise in prices continued. It's a pity. Moreover, IMBs practice counter-selling. Those. You don’t have to make a down payment, but instead use the money from the sale of your apartment. The girls from the mortgage department assured me that there was nothing complicated there, and judging by further work with them, most likely it would have been so.

Was it scary? Of course it's scary. My husband looked at me strangely at times, when every day in the evening I had another batch of questions that never even occurred to him. Men love to show that they supposedly know everything and control everything, although in reality they simply let things take their course, hoping for chance.

We were looking for an apartment for only three weeks. In the morning there have been calls from the same “From Hand to Hand” and various sites. Clarification of free sale or alternative, how many years of ownership. Because if it is less than three, then either the seller must pay tax or indicate in the contract an amount less than 1 million rubles. IMB agreed to this, but we wanted to get a tax deduction.

The picture was already drawn in the first days. There are options. We went to viewings every other day, trying to look at 2-3 apartments at once in one area. The first week we were mischievous, looking for the “ideal” option. But since they strictly limited their time, they lowered the bar a little.

By the end of the third week, the choice was made in favor of the beloved South-West. It's more expensive there, but the infrastructure and area are very good. The apartment is a one-room apartment on the top floor of a 17-story fairly new panel building. Unfortunately, it’s a bit far from the metro, but Bitsevsky Park is very close.

The documents for the apartment were practically collected (one certificate was missing). IMB reviewed and approved in 3 days, another day for insurance (by the way, they found it for only 0.8%) and two for assessment (the processes go in parallel). In general, after we submitted all the documents, we reached the deal within a week. Another week of registration, and the documents are in hand.

Comment on the article "How not to be afraid of a mortgage?"

You are all laughing, but if you look, there is no talk of any decline in real estate! see the indices themselves [link-1] But just don’t forget to compare the prices in dollar terms in comparison with our salaries and prices. And it turns out that while prices seem to be falling, they are actually growing quite rapidly!!

01.11.2016 19:55:40,

Regarding restrictions. During my student years in the 80s, I had a friend whose father limited himself and his family in everything for 20 years; they even only ate meat on holidays. So he wanted a Zhiguli, they had a Cossack!!! It's terrible how we lived. When the amount was almost collected, suddenly he! They offered to go on a work contract to Angola. And there salaries were paid not in rubles, but in checks, i.e. currency. I worked for 1 year and... bought a car, a fur coat for my wife, sheepskin coats for my daughters, etc. and so on. The question is: was it necessary to keep the family from hand to mouth for 20 years? THOSE. I made a conclusion for myself a long time ago - we need to live within our means, and then we’ll see. I didn’t think 10 years ago that I would be able to buy an apartment of any kind and we rode a motorcycle. But now I own a store, an apartment and a foreign car. And thank God that I didn’t let my family sit from hand to mouth

09/07/2007 13:09:41, Lyudmila

Everyone knows that apartments are becoming more expensive. Hmm... I don’t remember that last year our room cost half as much as it does now. There was such a difference about five years ago, but even five years ago our family could not afford investments of this kind! Really.
Let me give you an example...
This is a one-room apartment now! Costs from 150 thousand dollars and above. Where can I get this amount? Even in my organization there is so much money without! They won’t give me a percentage; I won’t have to work for 5 or even 10 years, and neither will my husband, in order to give this money back. On average, they give a loan of 5! (five years), at 10% per annum. That is, from the cost of 150 thousand dollars, you need to pay another 15 thousand dollars a year on top, multiply by five years, we get that in addition to the monthly payment for the apartment, you will have to pay 50 thousand on top. What is included in the monthly payment: given that the apartment is 150 thousand, you need to divide this amount by five years - it turns out to be 30 thousand per year and for 12 months - it comes out to 2,500 thousand dollars a month. Well, how much does a family need to earn in order to afford to pay 2.5 bucks a month for an apartment, and don’t forget about interest? Result: + 50 thousand, you will have to pay 200 thousand already. Tell me: where is the benefit? For whom? Maybe I'm not such a good mathematician, but even such things I can calculate in an elementary way. And the apartment will not be your property until you give up every last penny; there is always the opportunity to part with the new apartment if the financial capabilities of at least one of the spouses drop sharply. And life is so unstable that I wouldn’t put my old apartment on the line to pay for a new one. And, as a rule, such a large loan is given for some kind of property; you won’t surprise anyone with a car for a long time, so an old apartment will certainly be at stake. There is a possibility of losing everything. I'm talking about a bank loan for apartments.
Let me give you an example with a mortgage.
They offered us housing as those in need of better housing.
Considering that by that time we had been standing in line for 11 years, the money “gave” 70% of the cost of the apartment. I write “gave” in parentheses, because You will never receive money in cash, everything is transferred to the bank account, the money passes you by: first from the veins. Funds are transferred to the bank account, then from the bank account to the account of the construction organization.
They gave us $300 per meter; even five years ago there was no such price for apartments in Moscow, only on the outskirts - Zhulebino, Butovo and similar areas. While in Moscow the price was 600 dollars per meter. Large apartments are now being built, i.e. we multiply the standard 18 meters per person by 3, it turns out that 48 meters are required by law, of these 48 meters only 70% is paid at a cost of 300 dollars per meter. Apartments are smaller than 60-70 meters now and are not being built. That is, it turns out that you will need another 30 meters yourself! Buy and not for 300 dollars... In general, my husband and I calculated at that time, getting even 70% of not! In real cost, we had to pay the same amount to buy an apartment. Tell me, where can a young family get 35-50 thousand right away? Should I take out a loan from the bank again? I wrote about the loan above. So I went through all this and calculated it with my husband, I don’t advise you.

And I’ll also add:
My co-worker took out a loan from the company for 7 years, when we met, she had already paid for two years by that time and had another five left when I went on maternity leave.
So, when she finishes repaying the company’s debt, she will already be over 30, she doesn’t have a husband yet, and she doesn’t have children either. She limits herself in everything, because... In addition to paying for the apartment, she also needs to help her old parents who do not live in Moscow.
She bought a one-room apartment for (I think) 27 thousand dollars, at a time when her salary was 500 dollars. So calculate: what is it like for an adult woman to live on $200-300 a month; now her salary has increased slightly. And this despite the fact that she repays the debt without interest.
She has one room, but what if she gets married, and what if a child is born? To enslave yourself again? I don’t want to live in 25 years, when I pay off the rent, I want to live now, even in a small area, but at least I can afford various expenses and not worry that I will be evicted for non-payment of the loan.
I paid enough for renting apartments, so at least it’s my own - it’s still my own, and not someone else’s.
But it's up to you, I don't play these games.

Many people buy (cheaply) and invest in renovations the cost of purchasing an apartment. And now many apartments under construction are being rented out without finishing, so you will have to pay quite a few more bucks. And, if you consider that the apartment is new, then you want new furniture, everything is new. Also money. For me - there is no money, don’t take out loans, there is - for God’s sake. There is no extra money in our family; I would be choked to death by paying interest to the bank. Girls, does anyone want to live after 50? Don't think..

And about living on credit, I’ll tell you a short story:
My mom is pretty for a long time I worked with one man who for several years!!! Saved to buy a car. He didn’t have lunch, he always brought sandwiches, porridge, and noodles with him. He dressed in the same suit for years, his shoes fell apart, during all this time his family never went on vacation, except to the village. He put it off for about 15 years. His mother said that it was impossible to look at him without tears, he was drying up before our eyes. And, oh, miracle... the amount was finally collected... Imagine... a man spent 15 years pursuing his cherished goal, limiting himself in everything... He allowed himself to buy a car... But... apparently he suffered “little” in his life, that there was an accident and the car was broken and could not be restored... What do you think: what did he experience when he realized that what he had been striving for for 15 years had collapsed before his eyes? Lost the meaning of life - that's an understatement...

08.11.2006 17:45:02,

Total 82 messages .