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There isn't any debt involved in paying rent (are you thinking of mortgage?) and the bank isn't taking any risk, isn't guaranteeing any rent payments. I'm not e
by xvedejas 5y ago
There isn't any debt involved in paying rent (are you thinking of mortgage?) and the bank isn't taking any risk, isn't guaranteeing any rent payments. I'm not even sure that a bank strictly needs to be involved in someone paying rent, they could pay in cash for instance. Where are you that a bank guarantees rent payments?
- dymk 5y agoNot sure why the bank has come up in this discussion about rent and risk. This is a landlord/tenant concern. Renting to somebody who has a high chance of not being able to pay their rent 3 months from now is indeed a risk, and one that landlords go to great lengths to avoid. Prospective renters may not be in debt yet, but nonpaying renters are hard to get rid of.
- pjerem 5y agoMy bad, as a non English speaker, I just inverted rent and mortgage payment.