this post was submitted on 02 Oct 2023
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Don't be fooled Billy, it's not really a job, more of a parasitic relationship (lemmy.world)
submitted 1 year ago by [email protected] to c/[email protected]
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[โ€“] [email protected] 7 points 1 year ago (1 children)

It literally is no problem if you already have assets to use as collateral. The problem is that most people don't.

[โ€“] [email protected] 2 points 1 year ago

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.