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What's really at stake here? Your ability to take on debt, which primarily benefits the banks. The bigger problem I think we have here is the cavalier nature
by Consultant32452 9y ago
What's really at stake here? Your ability to take on debt, which primarily benefits the banks. The bigger problem I think we have here is the cavalier nature in which people view debt. Debt is bad for you. Rather than bringing going into debt under the umbrella of "basic human rights" how about a cultural shift away from debt altogether?
- yebyen 9y agoNow if we could just do something about those housing prices, that might even be possible. (What percent of homeowners do you suppose bought their homes without taking on some debt?) Paying rent is also bad for you.
- Consultant32452 9y agoGetting a home loan is relatively easier, because plenty of banks still do manual underwriting for things the size of mortgages. And if we had a culture that avoided unsecured debt, car debt, etc. then more banks would have to perform manual underwriting because no one would have a credit score. Instead they would have something better: money.