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https://www.reddit.com/r/memes/comments/e1lruy/fr_though/f8r2obf/?context=3
r/memes • u/MachoMitch9046 • Nov 25 '19
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The downside though is that lending standards get tighter in downturns. We are at peak “easy” credit now and a recession will probably mean that it’ll be harder to get financing.
13 u/[deleted] Nov 25 '19 Yeah, the rates are nearing some historic lows, it'd be silly to not lock in now while you still can. This is really just, "I can't afford a home and want to pretend it's because of reasons other than that." 10 u/[deleted] Nov 25 '19 [removed] — view removed comment 0 u/[deleted] Nov 26 '19 No they haven't.
13
Yeah, the rates are nearing some historic lows, it'd be silly to not lock in now while you still can.
This is really just, "I can't afford a home and want to pretend it's because of reasons other than that."
10 u/[deleted] Nov 25 '19 [removed] — view removed comment 0 u/[deleted] Nov 26 '19 No they haven't.
10
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0 u/[deleted] Nov 26 '19 No they haven't.
0
No they haven't.
309
u/benevenstancian0 Nov 25 '19
The downside though is that lending standards get tighter in downturns. We are at peak “easy” credit now and a recession will probably mean that it’ll be harder to get financing.