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Under the current messed up ruleset, many people qualify for loans that they likely shouldn't, feeding a housing price bubble that is taking lifes necessities a
by metildaa 8y ago
Under the current messed up ruleset, many people qualify for loans that they likely shouldn't, feeding a housing price bubble that is taking lifes necessities and pricing them out of the reach of most people.
- Joakal 8y agoTo exacerbate the issue. The bank employees can point out that house prices are going up. If person stops paying, they can claw back property and make profit. This makes sense in a bull market. That is until there's a recession and all house prices tank with banks selling at same time. But those previous employees? Made redundant in downturn. Who's fault is it for causing these losses?