Quote:
Originally Posted by DJ's left nut
Usury is difficult to argue when there's no guaranteed return.
But most of the time usury becomes a thing north of 17% or so. Some states are lower but maybe 15%?
I mean you're doubling every 4 years at 17%, give or take. So that 400k becomes 1.75 million by 2030. With no guarantee of any second contract, how can you call it usurious when you may not even get a 15% ROR over the useful life of the deal?
It requires a lot of speculation and contract law LOATHES speculation.
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That's why I love not being a lawyer. I can talk about shit and have no clue if I'm right or wrong but it sounds good to other dummies who also don't know.