4 ms·
This could never be self sustaining because it would increase the cost of debt (if the debtors could pay, it wouldn't have been sold).
by kansface 13y ago
This could never be self sustaining because it would increase the cost of debt (if the debtors could pay, it wouldn't have been sold).
- avalaunch 13y agoIf the debtors could pay 100% of what they owed it wouldn't have been sold. But the OP is suggesting that some of the debtors might be able and willing to pay 5 cents or even 10 cents on the dollar, which I think is a reasonable assumption.
- e12e 13y agoAlso, with the assumption that the project isn't for profit (ie, everyone choosing #3) -- someone choosing to pay more (donate) -- would help the project. Even if they only did that after a year or two (when the debt would've been defaulted under "normal" circumstances).