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What could go wrong?
(lemmy.world)
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this post was submitted on 05 Apr 2025
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It was that bad for a short while, but plenty of people had to re-mortgage during that short while and they got burned real hard. But due to borrowing limitations no one became homeless. That's the point of them. I know it doesn't feel fair, but I saw myself all that happening and I'm happy that banks don't trust people anymore - it's better that way for everyone involved.