Current Events > Why is it easier to get a mortgage than rental housing?

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ExtremeLuchador
05/06/20 9:31:09 AM
#1:


I know a guy who got turned down everywhere non-slummy/gunshotty for rentals because of bankruptcy on his record. However he was able to get a $90,000 mortgage.

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monkmith
05/06/20 9:31:42 AM
#2:


because banks love putting you into debt.

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Taarsidath-an halsaam.
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BignutzisBack
05/06/20 9:32:24 AM
#3:


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ExtremeLuchador
05/06/20 9:32:30 AM
#4:


and his income was 39k per year by the way.

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"It was horrible," guard Jeff McInnis said.
"I took 100 naps and we were still in the air."
... Copied to Clipboard!
thronedfire2
05/06/20 9:34:57 AM
#5:


interest

also if he doesn't pay the mortgage they just take the house back. if you don't pay rent a landlord has to deal with the whole eviction process

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Squall28
05/06/20 9:35:10 AM
#6:


Because they make you commit to more money with a mortgage. It's like if you agreed to 15 years of Netflix, as opposed to paying month to month.

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You can't go back and change the beginning, but you can start where you are and change the ending.
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Iodine
05/06/20 9:35:48 AM
#7:


Squall28 posted...
Because they make you commit to more money with a mortgage. It's like if you agreed to 15 years of Netflix, as opposed to paying month to month.


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In Belichick we Trust
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Awesome
05/06/20 9:53:40 AM
#8:


House is collateral, apartment isnt
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