The Picard Maneuver@piefed.world to People Twitter@sh.itjust.worksEnglish · 6 个月前How could this happen? media.piefed.worldimagemessage-square157fedilinkarrow-up1964
arrow-up1964imageHow could this happen? media.piefed.worldThe Picard Maneuver@piefed.world to People Twitter@sh.itjust.worksEnglish · 6 个月前message-square157fedilink
minus-squaretburkhol@lemmy.worldlinkfedilinkarrow-up27·6 个月前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.
minus-square「黃家駒 Wong Ka Kui」 | (aka: 鳳凰院 凶真 Hououin Kyouma)@sh.itjust.workslinkfedilinkarrow-up3·6 个月前But the bank can take the house as collateral, what are they even losing?
minus-squarescytale@piefed.ziplinkfedilinkEnglisharrow-up7·edit-26 个月前Probably much easier to have someone reliably pay than to have to go through all the processes of defaulting, repossessing, renovating/repairing, and reselling.
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?
Probably much easier to have someone reliably pay than to have to go through all the processes of defaulting, repossessing, renovating/repairing, and reselling.