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Comment by shawabawa3 | Hacker News Reader

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shawabawa3·

You are missing the impact of debt here (mortgages)

In your same example:

I have $10k, and buy that $100k house with a $90k mortgage. For simplicity let's forget mortgage repayments

After 10 years I sell for $163000, leaving me $73k for my next down payment

I can now "afford" a $700000 house assuming banks are willing to lend 90% LTV

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Debt is a huge facilitator of price increases. Easy debt due to usury has been known to destroy societies. It's not for no reason that it's prohibited in Islam, Christianity, and Judaism.

I think it’s more accurate to say that many historic Islam, Christian, and Judaic societies prohibited charging interest.

How so? It's literally prohibited in the texts.[1][2]

[1] https://quran.com/2/278-279

[2] https://sunnah.com/muslim/22/132

Most modern-day Christians and many Jews are not textual literalists.

Just because some people refused to follow their texts, doesn't change the facts that it is prohibited in them. Jews still refuse to lend each other money with interest.

You originally said:

> It's not for no reason that it's prohibited in Islam, Christianity, and Judaism.

And it isn't (in most Christianity, and I think at least some Judaism). That's all.

Again, just because those Christians and Jews refused to follow their texts, doesn't mean that it isn't prohibited. The Quran documents and confirms this fact: https://quran.com/4/160-162

I think you'll find it easier to talk to people of other faiths if you stop asserting your religious dogma somehow binds them; it doesn't.

We spoke to them and they admit it. Furthermore, we're not asserting "religious dogma" by simply reading their books and calling them out on not following them.

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