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If something is important, or expensive, like your mortgage, which is mostly both: 1. Get it in writing 2. Have it signed 3. And check the person who signed ha
by pintxo 2y ago
If something is important, or expensive, like your mortgage, which is mostly both:
1. Get it in writing
2. Have it signed
3. And check the person who signed has the right to do so
- consp 2y agoLots of people get pressured into these kind of things because it is so easy and they simply don't know. Not everybody is this well informed and if you do not educate people and also not protect them you get this kind of crap.
- hughesjj 2y agoYup. There's a reason you can't enter into (many/most kinds of) contracts as a minor. While the lady from the story wasn't a minor, she was a recently divorced nurse practitioner with kids trying to find housing on short notice. That's already predatory, but when you start astroturfing paid articles saying how 'financially savy' it is to take advantage of these loans, and then minimize or outright ignore the risks of such, imo you transition from "highly unethical" to straight up "criminal conspiracy depending on the current makeup of the judicial system" behavior. (Not a lawyer, just someone who hates freeloading leaches like this Gordon dude, and someone who wishes for a stable yet competitive and innovative economy)
- pintxo 2y agoWell, yes, the whole sub-prime lending issue was an accusation towards the education system.
- everybodyknows 2y agoIt's an interesting paradox that certain essential life skills cannot be taught in high school. Any teacher who for the day's lesson wrote on the whiteboard "How not to get ripped off by your car dealer/real estate agent/loan broker would have reason to fear consequences from some kid in the class whose parent works in just such a job.
- pintxo 2y agoI am sure that there is a way to teach this without alienating parents.