ByteOnBikes@discuss.online to A Boring Dystopia@lemmy.world · 4 months agoBorrowing money against their stuff to get more stuff to borrow money...discuss.onlineimagemessage-square207fedilinkarrow-up11.48Karrow-down111
arrow-up11.47Karrow-down1imageBorrowing money against their stuff to get more stuff to borrow money...discuss.onlineByteOnBikes@discuss.online to A Boring Dystopia@lemmy.world · 4 months agomessage-square207fedilink
minus-squaredavad@lemmy.worldlinkfedilinkarrow-up12·4 months agoFor the ultra wealthy, the value of their assets goes up faster than the interest rate of the loan.
minus-squaredeHaga@feddit.uklinkfedilinkarrow-up6·4 months agoYep, you need a proper market crash for the loans to be called in. That’s when it gets fun.
For the ultra wealthy, the value of their assets goes up faster than the interest rate of the loan.
Yep, you need a proper market crash for the loans to be called in. That’s when it gets fun.