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1: Dec 1, 17:33
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Posts: 173
In response to
"
if you were a back, would it make sense to have a $100,000 loan outstanding when the collateral is only worth $1? -- nm
"
by
znufrii, unpatriotic
As long as they're making payments, yes. -- nm
Posted by
JaxSean (aka JaxSean)
Feb 20 '09, 13:53
(No message)
Responses:
Here's a dollar, can I borrow $100k? -- nm
-
znufrii, unpatriotic
Feb 20, 13:54
7
That's different, becuase we'd be signing into a contract with those values.
-
JaxSean
Feb 20, 13:56
6
it's not really different at all. The underlying asset is the same.
-
znufrii, unpatriotic
Feb 20, 14:01
1
You are massively confusing making a loan in the first place and what happens after a loan has been made.
-
Ender
Feb 20, 14:06
[deleted]
3
That only matters if you're selling. Nobody is doing those calculations on their home unless they're selling. -- nm
-
pmb
Feb 20, 14:08
who in the world makes that calculation on their residence? I don't care what my home is worth. I'm not selling it, I'm making payments I can afford
-
oblique
Feb 20, 14:03
1
[deleted]
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