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> banks giving mortgages to every stripper Wh...what is this? Do strippers not deserve mortgages? What a weirdly specific example.
by fknorangesite 5y ago
> banks giving mortgages to every stripper
Wh...what is this? Do strippers not deserve mortgages? What a weirdly specific example.
- erik_seaberg 5y agoAs cash-rich contractors, they were lucrative customers for expensive subprime adjustable-rate mortgages once underwriters stopped verifying steady employment income. somewhat NSFW: https://youtu.be/MesrrYyuoa4?t=181 https://youtu.be/MesrrYyuoa4?t=181
- voisin 5y agoNot OP, but generally banks look at stability of income and I think the implication here, as in the 2008 financial crisis, is that strippers and other grey area employees don’t have as reliable income given the cash payments (and likely lack of fully reporting income to the government).
- nsv 5y agoThere's a famous scene in the movie "The Big Short" where a character is talking to a stripper about her investment properties. The movie is about the 2008 housing bubble.