Mortgage is a Necessary Evil to Capitalism Business & Marketing Essay (Essay Sample)

Mortgage is a Necessary Evil to Capitalism
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Mortgage is a Necessary Evil to Capitalism
A mortgage is a legal agreement by which a financial institution lends cash at interest in return for captivating a title of the borrower's possessions, with the circumstance that such transference turns out void when the debt is paid. On the other hand, Capitalism is a state by which people own property necessarily using loans from any financial institution. Nevertheless, individuals exercise their freedom in choosing ways of owning a property, whether through mortgaging or capitalism. Precisely, some have sung praises of using mortgages by their claims that the process of owning property through this method is more affordable than capitalism. Vividly, people claim that taking mortgages to allow them to use the money freed to invest in other business, a situation contrary to buying property by cash. Contrarily, using mortgages can pose severe dangers to ultimate property ownership. The risk of paying back vast amounts of money, repossession, and property value depreciation render mortgages evil to capitalism.