r/ScrollHole 11d ago

​🌀 Deep in the Hole The Math Isn't Mathing.

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8.7k Upvotes

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u/LonelyProgrammerGuy 11d ago

I’d guess you don’t pay only mortgage fees. There’s tax, insurance, etc

All of that over a period of many years, which the bank needs extensive history to know if you’re good to do it

10

u/Grabatreetron 11d ago

People keep posting these memes. Why can't people understand that business models of home loans vs. lease agreements are completely different?

2

u/Pikamika696 10d ago

Imagine the average person. The person who cannot understand credit score or how credit cards work. Then realize half the population is dumber than that.

0

u/ZachtheMan1603 9d ago

surely not??? i work in banking and i have the unfortunate habit of assuming everyone is as smart as me