Me an imaginary banker v.06

So I'm a Christian and I want to be conservative on my credit scheme. These three verses are what I'm trying to live by:

James 4:13-14

Go to now, ye that say, To day or to morrow we will go into such city, and continue there a year, and buy and sell, and get gain; Whereas ye know not what shall be on the morrow. For what is your life? It is even vapour, that appeareth for a little time, and then vanisheth away.

James 4:15

For that ye ought to say, If the Lord will, we shall live, and do this, or that.

James 4:16 - 17

But now ye rejoice in your boastings: all such rejoicing is evil. Therefore to him that knoweth to do good, and doeth it not, to him it is sin. 

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Matthew 4:6

And saith unto him, If thou be the Son of God, cast thyself down: for it is written, He shall give his angels charge concerning thee: and in their hands they shall bear thee up, lest at any time thou dash thy foot against a stone

Matthew 4:7

Jesus said unto him, "It is written again, Thou shalt not tempt the Lord thy God"

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So from this I'd pray "Let Your will be done" before I got myself into a contract. 

Everything in this world is risky. I have to anticipate for all things and not micro manage God.

Yet freedom is also the way we are, so it's not about restriction but it's about wisdom. 

Proverbs 22:26-29

Be not thou one of them that strike hands, or of them that are sureties for debts. If thou hast nothing to pay, why should he take away thy bed from under thee? Remove not the ancient landmark, which thy fathers have set. 

Seest thou a man diligent in his business? he shall stand before kings; he shall not stand before mean men.

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So based on this I'm going to try my best to be diligent and not be reckless. If I had to get involved into debts the scheme was better be that the collateral was the very thing that's bought. 

I looked at Syariah Banking system since they had been trying to synergize or take into account the religious view of debts with the modern credit scheme. It's interesting to learn things such as profit sharing and repurchasing schemes. 

Personally I've written it in the previous blog, I like the idea of a preference shareholding system but it might not be viable to be implemented as it is in current situation.

This is what I came up with, let's say I bought a property with debts, and the repayments would be completed in 10 installments. The payment scheme would be something like:

At end of Period 1: 10% Principal, 100% rent

Period 2: 10% principal, 90% rent

Period 3: 10% principal, 80% rent

and so on until on the 10'th period all principals were paid and I only would had to pay 10% for rent. 

Yes the bank was the landlord, like in Syariah repurchasing scheme (in Bahasa Indonesia by CNBC Indonesia). 

And then I looked and realized, my scheme is just the regular credit scheme -_-

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Edit: Make sure your collateral can't go down in price (if there's such thing). Because if your collateral went down in price, it's credit not preference shares, when you sell it, you're not going to be able to cover the remaining of the credit after you took your portion of already paid principal payments out of it. So all of those principal payments that you already paid, would be liable for the differences (the depreciation). So the bank would not suffer the losses of the collateral's value, only you, that's an extra payment on top of all the interests/rents that have been paid. If force majure happened you and the bank going to need insurances. 

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So which one is more beneficial? Buying a house with credit now, or renting while saving money? 

Google "annuities calculator google" and from there you could put in the figures and then compare. Keep in mind that prices of properties said to be keep on increasing. So if you rent save, at the end of the savings you'd probably found yourself still short in buying the same value property you were renting. Supposed to be like that.

Now for things that grow at exponential level, maybe there's a point of saturation. It only makes sense for cities, unless there were no gatekeeping for innovation there should be a point where developments of a city would be maxed out. Gatekeeping for innovation is actually a strong inclination because innovation is a scary thing and could be dangerously unstable indeed. However because of that it's only natural also for cities around the main city to take their own turn for exponential growth and those were the locations where the newest of the newest innovations would be welcomed. Therefore there should be a point in time where renting and saving is actually good, and the effort put on gatekeeping should some be channeled into figuring out when a city has reached a saturation phase. 

I'm not a professional financial advisor and this is not a professional advice mind you. I'm prone to mistakes and I'm not assuring that this is professionally accurate. Although I am kind of "professional financial advisor" if you want to broaden the definition beyond just the semantic but strictly speaking I'm not offering a professional advice here. Please take it with skepticism for your own life / goodness.