The Picard Maneuver@piefed.world to People Twitter@sh.itjust.worksEnglish · 17 days agoHow could this happen? media.piefed.worldimagemessage-square94linkfedilinkarrow-up1711
arrow-up1711imageHow could this happen? media.piefed.worldThe Picard Maneuver@piefed.world to People Twitter@sh.itjust.worksEnglish · 17 days agomessage-square94linkfedilink
minus-squaretburkhol@lemmy.worldlinkfedilinkarrow-up19·16 days agoIf something were to happen, and you couldn’t make rent, you might get evicted, which would be inconvenient. If something were to happen, and you couldn’t make the mortgage, the bank might lose money, which is unconscionable.
minus-squareDeathByBigSad@sh.itjust.workslinkfedilinkarrow-up2·16 days agoBut the bank can take the house as collateral, what are they even losing?
If something were to happen, and you couldn’t make rent, you might get evicted, which would be inconvenient.
If something were to happen, and you couldn’t make the mortgage, the bank might lose money, which is unconscionable.
But the bank can take the house as collateral, what are they even losing?