1/ Software engineering is my career expertise, not banking. But, let me know if I’m missing something.
The oversimplified theory behind a bank’s value to a community is they lend money for an asset like building a house. It appreciates and more wealth is eventually created.
The oversimplified theory behind a bank’s value to a community is they lend money for an asset like building a house. It appreciates and more wealth is eventually created.
2/ It seems obvious we should pause rent for coronavirus. And since many landlords are normal people who own a building, it makes sense to me we should pause mortgage payments as well.
What’s the downside to the bank? Doesn’t stability help their core mission of creating wealth?
What’s the downside to the bank? Doesn’t stability help their core mission of creating wealth?
3/ I just don’t see how in the long view the nation pausing mortgages hurts the banks.
It seems like if anyone can do some sacrificing, it can be a spreadsheet waiting a few more months for a loan to get paid off.
But please help me understand if I’m missing something.
It seems like if anyone can do some sacrificing, it can be a spreadsheet waiting a few more months for a loan to get paid off.
But please help me understand if I’m missing something.
