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Layaway (slrpnk.net)

submitted 6 days ago by cm0002 to c/memes

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[–] [email protected] 14 points 6 days ago (2 children)

Could be risky - you don’t want to end up upside-down on your pizza mortgage

[–] [email protected] 7 points 6 days ago (1 children)

I want to be upside down under Luigi

[–] edgemaster72 4 points 6 days ago (1 children)

I think you want a different chain, this is Papa John's, not Daddy Luigi's

[–] [email protected] 5 points 6 days ago

the only chain I want is

actually this joke is getting tired just kill ceos

[–] qarbone 2 points 6 days ago (1 children)

This is the second time in the same thread I've seen someone write "upside down" to (I assume) mean "insolvent" despite never seeing the phrase before in my life. Y'all all from the same town?

[–] [email protected] 1 points 6 days ago

I think it means "owes more than the value of the collateral", so even liquidating the collateral to pay off the debt will leave you with residual debt. I've usually heard it called "underwater on the loan".