@Custoslibera to [email protected] • 1 year agoDon't be fooled Billy, it's not really a job, more of a parasitic relationshipimagemessage-square278arrow-up11.33Karrow-down1136
arrow-up11.19Karrow-down1imageDon't be fooled Billy, it's not really a job, more of a parasitic relationship@Custoslibera to [email protected] • 1 year agomessage-square278
minus-squaredarqlinkfedilink7•1 year agoIt literally is no problem if you already have assets to use as collateral. The problem is that most people don’t.
minus-square@[email protected]linkfedilink2•1 year agoThis is the answer, literally this is what millionaires have been doing for ages. It’s just unique that the COVID era interest rates were so low that it made it so that 100-thousand-aires could do what millionaires had already been doing.
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It literally is no problem if you already have assets to use as collateral. The problem is that most people don’t.
This is the answer, literally this is what millionaires have been doing for ages. It’s just unique that the COVID era interest rates were so low that it made it so that 100-thousand-aires could do what millionaires had already been doing.