LogFAQs > #893682058

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Topic	why do mortgages exist? Can someone explain them to me
Milkman5 01/08/18 10:31:14 PM #8:	Broseph_Stalin posted... yikes well I was just thinking how banks drive the prices of property up and in turn drive the need for their service. And it almost seems like the service is not beneficial to society in the first place. I tried to find the history behind it and apparently, they were pretty much scammers from the very beginning the moment mortages became mainstream in the united states, the ratio of debt to actual property owned shot up lmao <cite>Milkman5 posted [p:893682058] in why do mor... [t:76181886]...</cite> <quote><cite>Broseph_Stalin posted...</cite> <quote>yikes</quote> well I was just thinking how banks drive the prices of property up and in turn drive the need for their service. And it almost seems like the service is not beneficial to society in the first place. I tried to find the history behind it and apparently, they were pretty much scammers from the very beginning the moment mortages became mainstream in the united states, the ratio of debt to actual property owned shot up lmao</quote> ... Copied to Clipboard!
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