News for hackers. Stuff that matters.

A comment on Maybe Treating Housing as an Investment Was a Colossal Mistake. Parent comment

Re:Maybe Treating Housing as an Investment Was a Colossal Mi... by cool_dude85 on Monday March 06, 2023 @01:41PM (#35045567)
You're describing a "heads I win, tails you win" situation with no down payment. If the house drops in value, the borrower walks away and "wins". If the house appreciates in value, the borrower stays and the bank receives X% interest, on time, in full, for 30 years and "wins."
[ Parent | on HN ]

There are no comments on this comment yet.