1164
you are viewing a single comment's thread
view the rest of the comments
view the rest of the comments
this post was submitted on 02 Oct 2023
1164 points (90.5% liked)
Memes
45151 readers
3657 users here now
Rules:
- Be civil and nice.
- Try not to excessively repost, as a rule of thumb, wait at least 2 months to do it if you have to.
founded 5 years ago
MODERATORS
It literally is no problem if you already have assets to use as collateral. The problem is that most people don't.
This is the answer, literally this is what millionaires have been doing for ages. It's just unique that the COVID era interest rates were so low that it made it so that 100-thousand-aires could do what millionaires had already been doing.