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Let's play the rich get everything. The rules are the rich get everything. participation is mandatory.(lemmy.world)

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Allonzee@lemmy.world
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microblogmemes@lemmy.world
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Did I say mandatory? I meant optional! You’re “free” to die in a cardboard box under a freeway as a market capitalist scarecrow warning to the other ants so they keep showing up to make us more!

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Rediphile@lemmy.ca
8 points

I’ve never made 6 figures before, but was asked to show my investment portfolio value when applying for a mortgage as it was part of my assets. Assets the bank could seize if I didn’t pay my bill.

TIL I’m the 1%.

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padge@lemmy.zip
6 points

TIL I can use my stock as collateral in a mortgage

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SSJMarx@lemm.ee
4 points
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Rediphile@lemmy.ca
1 point

I still think anyone can do that, just on a smaller scale. Either way, sounds risky. Stocks sometimes go down as it turns out.

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TheFinn@discuss.tchncs.de
2 points

That’s strange. I’ve had a few mortgages now and have never been asked to show my investment portfolio. Where are you and what bank asked for the info?

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Rediphile@lemmy.ca
2 points

Canada. All of the banks I applied at asked for total assets, including TD and Scotiabank.

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