ickplant@lemmy.world to Lemmy Shitpost@lemmy.world · 2 months agoA conundrumlemmy.worldimagemessage-square165linkfedilinkarrow-up11.28K
arrow-up11.28KimageA conundrumlemmy.worldickplant@lemmy.world to Lemmy Shitpost@lemmy.world · 2 months agomessage-square165linkfedilink
minus-squarenull_dot@lemmy.dbzer0.comlinkfedilinkEnglisharrow-up1·2 months agoWhat do you call it in Europe when someone stops making repayments on a loan ? Obviously, that’s a thing.
minus-squareExLisperAlinkfedilinkarrow-up1·2 months agoI meant that intentionally defaulting on a mortgage when the property loses value and not paying the debt is not a thing. That’s what we were talking about.
minus-squarenull_dot@lemmy.dbzer0.comlinkfedilinkEnglisharrow-up1·2 months agoWho is more likely to default, a borrower with $100k equity, or a borrower with negative $100k equity?
minus-squareExLisperAlinkfedilinkarrow-up1·2 months agoRead my other comments. I answered this already.
minus-squarenull_dot@lemmy.dbzer0.comlinkfedilinkEnglisharrow-up1·2 months agoRead my other comments, explaining why people with negative equity often default on their mortgage.
minus-squareExLisperAlinkfedilinkarrow-up1·2 months agoNot in Europe. (this is fun. let’s keep doing this forever!)
What do you call it in Europe when someone stops making repayments on a loan ?
Obviously, that’s a thing.
I meant that intentionally defaulting on a mortgage when the property loses value and not paying the debt is not a thing. That’s what we were talking about.
Who is more likely to default, a borrower with $100k equity, or a borrower with negative $100k equity?
Read my other comments. I answered this already.
Read my other comments, explaining why people with negative equity often default on their mortgage.
Not in Europe.
(this is fun. let’s keep doing this forever!)