Housing Bubble 2: Return of the Ugly

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A community for discussing and documenting the second great housing bubble.

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SeattleRain

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A mother of three says her family can't secure a $1,600 home loan, yet they must manage a $2,100 rent. (www.reddit.com)

submitted 3 months ago by SeattleRain to c/housing_bubble_2

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[–] [email protected] 1 points 3 months ago (1 children)

Yes, I understand what collateral is. It's something the bank owns, but allows you to use until you've paid it off. For example, the bank keeps the title to my car until I've paid it off, and then they send me the title.

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[–] rekorse 2 points 3 months ago

You know what, the way you said it this time just really clicked. I now also hate banks. Good talk.

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