• GalaxyBrain [they/them]
    ·
    3 years ago

    Yeah I'm a fucking genius for knowing mortgages exist and people don't pay for houses up front. That is really normal to know. Being able to own a home has nothing to do with knowing the bare basics of how they're normally bought. This isn't some complex aspect of financing that only people who have gotten it may know, it's that mortgages exist.

        • VeganVelveeta [she/her]
          hexagon
          ·
          edit-2
          3 years ago

          You are being classist against eight year olds now. Yikes.

          :BibleThump:

        • bewts [he/him,comrade/them]
          ·
          3 years ago

          They don't actually because most public schools don't teach financial literacy beyond how to balance a checkbook.

          • GalaxyBrain [they/them]
            ·
            3 years ago

            This is of course the only place anyone ever heard about the core concepts of mortgages.

              • GalaxyBrain [they/them]
                ·
                3 years ago

                Or to have known a single home or car owner ever or wondering how people buy houses if they cost so much

              • GalaxyBrain [they/them]
                ·
                edit-2
                3 years ago

                "Poors must be so dumb they don't understand common concepts without participating with them directly."

                Where are these poor people that have never met someone who has to make car payments or has credit card debt? The fucking housing crisis was caused by predatory loans to an extent because banks fucking love keeping people in long term debt, it was big news. For fucks sake, you don't need to be a wall street broker to know what a fucking mortgage is. Maybe stop imagining some rural peasant hexbear poster who lives in a thatched roof cottage to be concerned about.

                • VeganVelveeta [she/her]
                  hexagon
                  ·
                  3 years ago

                  :sweat:

                  "p-please mister chapo, I'm but a simple country hexbear poster."

                  • GalaxyBrain [they/them]
                    ·
                    3 years ago

                    Just came to me but the two storey bungalow next to my parents' place in a buttfuck no where suburb sold for 1.5 million. Seems like he got a really good deal on the place.

                • bewts [he/him,comrade/them]
                  ·
                  3 years ago

                  The original comment was "lol people don't know how mortgages work" which is actually very different from where you moved the goalposts "people don't know mortgages exist" because you know I'm right about financial literacy and the comment sounding kind of classist. We're done here though this is clearly a waste of time.

                  • GalaxyBrain [they/them]
                    ·
                    3 years ago

                    Yes, I'm moving the goal post here. The amount that you would need to know how mortgages work is that it's a loan you pay back over time, which is the core concept, which unless you're trying really really hard to have something to argue against is tantamount to knowing they exist. Glad you're done tho

                    • VeganVelveeta [she/her]
                      hexagon
                      ·
                      edit-2
                      3 years ago

                      I actually didn't know how mortgages worked until I heard about this story and googled it. Should have said that sooner, but I forgo 💀

                      • GalaxyBrain [they/them]
                        ·
                        edit-2
                        3 years ago

                        Fucking Chad move.

                        I don't know anything other than what I've already explained and that it's more complicated than that. I just know it's a loan that you pay back over time with interest. I've never opened Excel in my life, I don't know any of this briefcase shit.