944
How could this happen? (media.piefed.world)
submitted 5 days ago by The_Picard_Maneuver@piefed.world to c/whitepeopletwitter@sh.itjust.works
155 comments fedilink hide all child comments
you are viewing a single comment's thread
view the rest of the comments
[-] tburkhol@lemmy.world 26 points 5 days ago

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.

[-] DeathByBigSad@sh.itjust.works 3 points 5 days ago

But the bank can take the house as collateral, what are they even losing?

[-] scytale@piefed.zip 7 points 5 days ago* (last edited 5 days ago)

Probably much easier to have someone reliably pay than to have to go through all the processes of defaulting, repossessing, renovating/repairing, and reselling.

this post was submitted on 18 Aug 2025
944 points (99.4% liked)

People Twitter

7994 readers
1 users here now

People tweeting stuff. We allow tweets from anyone.

RULES:

  1. Mark NSFW content.
  2. No doxxing people.
  3. Must be a pic of the tweet or similar. No direct links to the tweet.
  4. No bullying or international politcs
  5. Be excellent to each other.
  6. Provide an archived link to the tweet (or similar) being shown if it's a major figure or a politician.

founded 2 years ago
MODERATORS
SendMeYourTaTas@sh.itjust.works
pelespirit@sh.itjust.works