sanitation@lemmy.radio to me_irl@lemmy.world · 3 months agome_irllemmy.radioimagemessage-square168linkfedilinkarrow-up1401arrow-down17
arrow-up1394arrow-down1imageme_irllemmy.radiosanitation@lemmy.radio to me_irl@lemmy.world · 3 months agomessage-square168linkfedilink
minus-squareLaLuzDelSol@lemmy.worldlinkfedilinkarrow-up1·3 months agoThat’s not completely true, because it depends on the future value of your house. Plenty of banks got burned in the early 2000s when they gave out too many loans and then all of a sudden the houses weren’t worth what people owed on them.
minus-squareSkullgrid@lemmy.worldlinkfedilinkarrow-up3·edit-23 months agoI’ll shed a single tear for those banks who reposessed those houses that are now worth an absolute fucking fortune when I get a house of my own.
minus-squareWoodScientist@lemmy.worldlinkfedilinkarrow-up2·3 months agoIf there is ever an economic crisis that results in housing prices dropping, the banks get bailed out.
That’s not completely true, because it depends on the future value of your house. Plenty of banks got burned in the early 2000s when they gave out too many loans and then all of a sudden the houses weren’t worth what people owed on them.
I’ll shed a single tear for those banks who reposessed those houses that are now worth an absolute fucking fortune when I get a house of my own.
If there is ever an economic crisis that results in housing prices dropping, the banks get bailed out.