Re:Most Canadians Are Now Better Off Than Most Americans
by derefr on Tuesday September 03, 2019 @02:30PM
(#20869605)
> Their debt isn't a social problem, because they never intend to pay it down
It's the bank's problem, then, isn't it? They're predictably going to default. Why is their bank willing to buy equity in their home? It'd be like buying equity in a company that has declared its intent to shut down.
It's the bank's problem, then, isn't it? They're predictably going to default. Why is their bank willing to buy equity in their home? It'd be like buying equity in a company that has declared its intent to shut down.