sanitation@lemmy.radio to me_irl@lemmy.world · 1 day agome_irllemmy.radioimagemessage-square152linkfedilinkarrow-up11.02Karrow-down113
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minus-squareLaLuzDelSol@lemmy.worldlinkfedilinkarrow-up12arrow-down2·23 hours agoThat’s not completely true, because it depends on the future value of your house. Plenty of banks got burned in the early 2000s when they gave out too many loans and then all of a sudden the houses weren’t worth what people owed on them.
minus-squareWoodScientist@lemmy.worldlinkfedilinkarrow-up1·11 hours agoIf there is ever an economic crisis that results in housing prices dropping, the banks get bailed out.
minus-squareSkullgrid@lemmy.worldlinkfedilinkarrow-up20arrow-down1·edit-223 hours agoI’ll shed a single tear for those banks who reposessed those houses that are now worth an absolute fucking fortune when I get a house of my own.
minus-squareLaLuzDelSol@lemmy.worldlinkfedilinkarrow-up2·18 hours agoI’m not crying for the banks, but that’s why they don’t just give out loans to anyone.
That’s not completely true, because it depends on the future value of your house. Plenty of banks got burned in the early 2000s when they gave out too many loans and then all of a sudden the houses weren’t worth what people owed on them.
If there is ever an economic crisis that results in housing prices dropping, the banks get bailed out.
I’ll shed a single tear for those banks who reposessed those houses that are now worth an absolute fucking fortune when I get a house of my own.
I’m not crying for the banks, but that’s why they don’t just give out loans to anyone.