SeattleRain@lemmy.worldM to Housing Bubble 2: Return of the Ugly @lemmy.worldEnglish · 1 year agoA mother of three says her family can't secure a $1,600 home loan, yet they must manage a $2,100 rent.www.reddit.comexternal-linkmessage-square61linkfedilinkarrow-up1182arrow-down15
arrow-up1177arrow-down1external-linkA mother of three says her family can't secure a $1,600 home loan, yet they must manage a $2,100 rent.www.reddit.comSeattleRain@lemmy.worldM to Housing Bubble 2: Return of the Ugly @lemmy.worldEnglish · 1 year agomessage-square61linkfedilink
minus-squareLemming6969@lemmy.worldlinkfedilinkEnglisharrow-up10arrow-down30·1 year agoAt any given time that person is trusted to owe $2,100 (maybe $24k on a year contact), not trusted to be on the hook for $350,000, and as much as people here won’t like it, the landlord is providing a service to house that type of person.
minus-squareSeattleRain@lemmy.worldOPMlinkfedilinkEnglisharrow-up18arrow-down1·1 year agoThey’re trusted in the same way a Mafia boss “trust’s” his underlings to steal money for him.
minus-squareLemming6969@lemmy.worldlinkfedilinkEnglisharrow-up4arrow-down7·1 year agoCredit-worthiness is just math.
minus-squaremsage@programming.devlinkfedilinkEnglisharrow-up5·1 year agoMath created by biased people.
minus-squareTar_Alcaran@sh.itjust.workslinkfedilinkEnglisharrow-up1·1 year agoNo, it’s an interpretation of numbers.
At any given time that person is trusted to owe $2,100 (maybe $24k on a year contact), not trusted to be on the hook for $350,000, and as much as people here won’t like it, the landlord is providing a service to house that type of person.
They’re trusted in the same way a Mafia boss “trust’s” his underlings to steal money for him.
Credit-worthiness is just math.
Math created by biased people.
No, it’s an interpretation of numbers.