SeattleRain@lemmy.worldM to Housing Bubble 2: Return of the Ugly @lemmy.worldEnglish · 2 months agoA mother of three says her family can't secure a $1,600 home loan, yet they must manage a $2,100 rent.www.reddit.comexternal-linkmessage-square61fedilinkarrow-up1182arrow-down15
arrow-up1177arrow-down1external-linkA mother of three says her family can't secure a $1,600 home loan, yet they must manage a $2,100 rent.www.reddit.comSeattleRain@lemmy.worldM to Housing Bubble 2: Return of the Ugly @lemmy.worldEnglish · 2 months agomessage-square61fedilink
minus-squareelectric_nan@lemmy.mllinkfedilinkEnglisharrow-up1·2 months agoYes, I understand what collateral is. It’s something the bank owns, but allows you to use until you’ve paid it off. For example, the bank keeps the title to my car until I’ve paid it off, and then they send me the title.
minus-squarerekorse@lemmy.worldlinkfedilinkEnglisharrow-up2·2 months agoYou know what, the way you said it this time just really clicked. I now also hate banks. Good talk.
Yes, I understand what collateral is. It’s something the bank owns, but allows you to use until you’ve paid it off. For example, the bank keeps the title to my car until I’ve paid it off, and then they send me the title.
You know what, the way you said it this time just really clicked. I now also hate banks. Good talk.