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In practice, what this means is a combination of personal bankruptcies and people continuing to live in the highest-risk locations where they will get wiped out in the future.

  • deHaga@feddit.uk
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    2 days ago

    I bet if everyone stopped paying those mortgages the govt would swoop in to help those poor lenders pdq

      • Insekticus@aussie.zone
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        1 day ago

        Isn’t that why Americans wanted guns? Talk about pussyfooting.

        Bitches should just stop paying and wait for the bank to come knocking to see whats going on and then have a reeeeallllllyyyy friendly chat with the mortgage broker. They’re just bankers - its not like they’re real humans or anything.

        • Themosthighstrange@lemmy.world
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          3 hours ago

          friendly chat with the mortgage broker.

          it will be the police that will evict you not your banker, also the cops have way more guns and people than you do.

          • IvyisAngy@lemmy.world
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            3 hours ago

            They don’t have to. Organize with your freinds, family and neighbors, make them all sweat bullets when they come knocking and 45 people come out armed to speak with them.

            Make the Fascist Enforcers think really fucking hard about where they’ll be if they try shit.