Comment on Share with those less fortunate

<- View Parent
DragonTypeWyvern@literature.cafe ⁨1⁩ ⁨year⁩ ago

They have a new mortgage. They haven’t built up equity yet, plus who knows what their damage is on other loans.

This isn’t complicated. Their asset (the home) atm is still roughly equal to their liability (the mortgage).

I’m sure they’ll be out of a negative net worth before they think but we also don’t know what their damage is on interest rates, student loans, car loans, medical debt, etc.

source
Sort:hotnewtop