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rickford66

(6,071 posts)

20. Where do they get the money to make the loan payments?

Reply to True Dough (Original post)

Sun Apr 12, 2026, 02:30 AM

17 hrs ago

I have a home equity loan. So I have access to a bunch of money, but I still have to make monthly payments to have the use of the money. I use some of my SS for the payments and plan to repay it all when I sell my house. So they have to get money to pay for the loan.

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Shipwack raging moderate Richard58

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America's downward spiral summed up in a few sentences... [View all] True Dough Yesterday OP

If a U.S. citizens dies in 2026, the fair market value of all assets at the date of death, less liabilities.. surfered Yesterday #1

It isn't always that simple ToxMarz Yesterday #3

You've nailed it FakeNoose Yesterday #4

Exactly and to add FHRRK1 Yesterday #8

Then they pass the debt on to the heirs as well surfered 22 hrs ago #18

Yes that's the point, it is cheaper for them to live on borrowed money than pay their fair share of taxes. ToxMarz 21 hrs ago #19

of wealthy PUBLIKKKLAN, by the WEALTHY PUBLIKKKLANS, FOR the wealthy publikklans. pansypoo53219 Yesterday #2

Correction. SergeStorms Yesterday #6

Sounds like a great idea LilElf70 Yesterday #5

Greed is destroying American society. Aussie105 Yesterday #7

One of my aunts used to sum up that attitude as wnylib Yesterday #11

"I'm not greedy..I. just want more than my fair share." BattleRow Yesterday #14

It doesn't have to be that way. Congress could fix all that if we demanded they do it. flashman13 Yesterday #9

No they would not Alpeduez21 Yesterday #12

I'm not sure how to reply. I guess you are advocating we sit on our ass and do nothing because flashman13 23 hrs ago #17

Congress could fix it if our elected representatives were not beholden to Big Money interests who fund their campaigns. sop 11 hrs ago #22

We need a wealth tax. patphil Yesterday #10

"Outlaw billionaires" Seinan Sensei 16 hrs ago #21

Recommended (#99) H2O Man Yesterday #13

Do they pay back the loans? nt. druidity33 23 hrs ago #15

Kinda, sorta. Close enough. Joinfortmill 23 hrs ago #16

Where do they get the money to make the loan payments? rickford66 17 hrs ago #20

Maybe a dumb question, but: moose65 11 hrs ago #23

Exactly. Richard58 8 hrs ago #25

So exactly how does the scam work? Lokee11 9 hrs ago #24

It's basically borrowing from peter to pay paul. ihaveaquestion 8 hrs ago #26

It's more than that. The rich also engage in Glaisne 4 hrs ago #27

Kick dalton99a 4 hrs ago #28