If landlords can’t pay back loans on office buildings, the lenders will suffer. Some banks are trying to avoid that fate.

Hard times are likely ahead for a lot of people. Mind your expenses and plan to save where possible just in case. Apologies for having a doomer outlook; I’m very cynical about capitalism, especially in the USA.

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68 points

lol how tight would it be if I could buy my own mortgages off of the bank for a discount

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22 points

You joke but when you default on a loan they will eventually offer to settle at a lower amount

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8 points

At the expense of your credit score tanking and never being able to recover.

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1 point

Oh no you get a lower score in a stupid game

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2 points

Your credit will eventually recover, and you already have a house!

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36 points
*

Depends on how likely your bank thinks you are to default on your mortgage…

Tell your bank, you’ve lost your job, going to prison, and you’re newly divorced with large alimony payments. /s obviously.

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4 points

They’ll just wait for him default then sell it to a corporation or greedy landlord. You can’t buy a house because they buy them up.

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16 points

… hold on, let him cook

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6 points

They’re fixed rates, maybe that’s a good idea!

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