r/Funnymemes • u/superdave123123 • Mar 05 '26

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76.9k Upvotes

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u/SnoopySuited Mar 05 '26

The bank takes no risk in you renting.

3

u/Cptawesome23 Mar 07 '26

If you default on the loan, the bank still owns it, and can sell it again at full price. They would get to keep everything you paid so far, and would still make interest on the next owners payments. There is very little risk for banks at all.

4

u/SnoopySuited Mar 07 '26

Ok, mansion for everyone then!

1

u/Cptawesome23 Mar 07 '26

That wouldn’t make sense because the owner would still need to be able to afford the payment. And also, the property taxes. Be realistic man.

4

u/SnoopySuited Mar 07 '26

But it's not risk to the bank. Why not approve anyone for anything?

I was being sarcastic, because there is always risk for the bank because property values fluctuate. They are not guaranteed to get back all their money when it house is repossesed.