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me_irl
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this post was submitted on 11 May 2026
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me_irl
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the bank isn't out of jack shit, they reposess your house.
That's not completely true, because it depends on the future value of your house. Plenty of banks got burned in the early 2000s when they gave out too many loans and then all of a sudden the houses weren't worth what people owed on them.
I'll shed a single tear for those banks who reposessed those houses that are now worth an absolute fucking fortune when I get a house of my own.
I'm not crying for the banks, but that's why they don't just give out loans to anyone.
Foreclosed houses very rarely sell for what they’re worth and it’s not uncommon for people who are foreclosed on the trash the house on the way out.
When my wife and I were recently looking for a house in the city we moved to recently one of the houses we looked at had had the air conditioner taken by the previous owners because it had been foreclosed on. I’m serious, the entire fucking condenser was taken.
yeah but you're not going to make me feel sympathy for JP Morgan Chase.
They should've cut back on their avocado toast if they wanted to run a successful bank
I wasn’t trying to make you feel sympathy for a bank. Just pointing out that foreclosing on a house isn’t profitable for a bank.
not really. They got paid at least some of the mortgage, housing prices keep going up and damage is fixed by paying some poor asshole peanuts. Even if it isn't profitable , I don't really care, I'm not losing any sleep at night over the fucking assholes.
Nobody was asking you to lose sleep. I kind of feel like you need to calm down.
why are you so hell bent on defending the banks? I feel you need to relax and not put in overtime.
No part of anything that I’ve said should be construed as defending a bank. The fact that you keep going out of your way to call it that is why I’m telling you that I feel you need to calm down.
The only point I was trying to make is that foreclosure is neither in the best interest of the bank or the homeowner.
After 2007/2008 it became very clear to banks that they need to prepare for the case where people can't make mortgage payments because the economy crashed, and house values have plummeted because nobody's able to buy a house because the economy crashed.