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No? By that logic you sell a dollar for 103c and that's not enough to quench your greed. Obviously both statements are gross oversimplifications. But I could n
by tommit 3mo ago
No? By that logic you sell a dollar for 103c and that's not enough to quench your greed.
Obviously both statements are gross oversimplifications. But I could not help myself and let that slide just like that.
- moron4hire 3mo agoJust to add to your comment, people do sell dollars for $1.07, they are called mortgages. I've heard it's a pretty big business.
- jstummbillig 3mo agoWhat they do is they sell a dollar for 1.07$ future dollars (and, realistically, less than that because of defaults but whatever).
- tialaramex 3mo agoIt's a lot more than $1.07 future money, a mortgage is more like $2 or these days $5 If you're offering even 25 year 75% LTV mortgages at such a low interest rate it's $1.07 future money you're going bankrupt. And these days people are taking 30 year, 95% LTV or even asking for 40 year 100% LTV which is fully batshit.