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I'm starting to feel like there's not much choice (lemmy.world)

submitted 11 months ago by [email protected] to c/[email protected]

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[–] [email protected] 2 points 11 months ago

But actually a lot of businesses do the same, so there's now a lot of middle size repossessed houses on the market and no-one that can buy them. So they auction it, and another corporation buys it up for their rental portfolio at half the price you paid. So now the bank comes after you for the rest of the money, for the rest of your life.

But you can feel happy that the banks didn't lose, and the corporations won!