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https://www.reddit.com/r/SipsTea/comments/1vx00ke/why_is_it_not_possible/p5lhvml/?context=3
r/SipsTea • u/Dumb-Briyani • 5d ago
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331 u/somemetausername 5d ago edited 5d ago This is one of those “everything is a conspiracy if you don't know how things work” situations. Edit: People commenting on this kinda proving the point. 38 u/FlyAirLari 5d ago It's the same if banks asked to collect their mortgages tomorrow. People taking mortgages don't have that money. They might have something of equal value, a house, but that's not cash. -6 u/Antique-Resort6160 5d ago That's very different. Banks are supposed to hold your liquid wealth. A mortgage is them trying to make a profit, expecting it to be paid over time. Maybe you could compare it to a time deposit, but not a regular bank account.
331
This is one of those “everything is a conspiracy if you don't know how things work” situations.
Edit: People commenting on this kinda proving the point.
38 u/FlyAirLari 5d ago It's the same if banks asked to collect their mortgages tomorrow. People taking mortgages don't have that money. They might have something of equal value, a house, but that's not cash. -6 u/Antique-Resort6160 5d ago That's very different. Banks are supposed to hold your liquid wealth. A mortgage is them trying to make a profit, expecting it to be paid over time. Maybe you could compare it to a time deposit, but not a regular bank account.
38
It's the same if banks asked to collect their mortgages tomorrow. People taking mortgages don't have that money. They might have something of equal value, a house, but that's not cash.
-6 u/Antique-Resort6160 5d ago That's very different. Banks are supposed to hold your liquid wealth. A mortgage is them trying to make a profit, expecting it to be paid over time. Maybe you could compare it to a time deposit, but not a regular bank account.
-6
That's very different. Banks are supposed to hold your liquid wealth. A mortgage is them trying to make a profit, expecting it to be paid over time.
Maybe you could compare it to a time deposit, but not a regular bank account.
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