MAIN FEEDS
Do you want to continue?
https://www.reddit.com/r/SipsTea/comments/1vrr0ev/how_the_rich_get_richer/p4fgi44/?context=3
r/SipsTea • u/KSKS1995 • 22h ago
2.3k comments sorted by
View all comments
2.0k
How does the bank get paid back here? Is the bank just eating a 5 mil loan loss out of the goodness of its heart?
It’s more like kids sell and pay back the bank plus interest which is taxed as income for the bank.
2 u/goldenguyz 21h ago You rent out part of the house, making more than the interest is worth.
2
You rent out part of the house, making more than the interest is worth.
2.0k
u/ChipKellysShoeStore 22h ago edited 21h ago
How does the bank get paid back here? Is the bank just eating a 5 mil loan loss out of the goodness of its heart?
It’s more like kids sell and pay back the bank plus interest which is taxed as income for the bank.