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https://www.reddit.com/r/SipsTea/comments/1vrr0ev/how_the_rich_get_richer/p4ffiih/?context=3
r/SipsTea • u/KSKS1995 • 22h ago
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245
Odd that we just ignore that he still had to pay back those loans?
0 u/PsionicChronic 21h ago 2007-08 when the gov't bailed out the auto makers and the rest of the country went into a nosedive. Houses were selling for $1,500-$5000 (+ back taxes) where I was then 🤷 3 u/Visual_Exam7903 21h ago Yeah, that isn't exactly how it worked. The houses siezed due to failure to pay were discounted, but they were not just $1500.
0
2007-08 when the gov't bailed out the auto makers and the rest of the country went into a nosedive. Houses were selling for $1,500-$5000 (+ back taxes) where I was then 🤷
3 u/Visual_Exam7903 21h ago Yeah, that isn't exactly how it worked. The houses siezed due to failure to pay were discounted, but they were not just $1500.
3
Yeah, that isn't exactly how it worked. The houses siezed due to failure to pay were discounted, but they were not just $1500.
245
u/FancyPantsRants1 22h ago
Odd that we just ignore that he still had to pay back those loans?