this post was submitted on 15 Feb 2024
1711 points (98.5% liked)
Microblog Memes
5345 readers
3064 users here now
A place to share screenshots of Microblog posts, whether from Mastodon, tumblr, ~~Twitter~~ X, KBin, Threads or elsewhere.
Created as an evolution of White People Twitter and other tweet-capture subreddits.
Rules:
- Please put at least one word relevant to the post in the post title.
- Be nice.
- No advertising, brand promotion or guerilla marketing.
- Posters are encouraged to link to the toot or tweet etc in the description of posts.
Related communities:
- !whitepeopletwitter@sh.itjust.works
- !best_of_mastodon@sh.itjust.works
- !curatedtwitter@sh.itjust.works
- !curatedtumblr@sh.itjust.works
founded 1 year ago
MODERATORS
you are viewing a single comment's thread
view the rest of the comments
view the rest of the comments
Someone else already replied, but about living within your means, lenders can look up other debts you have, and missed payments you have. And they all request access to your pay slips so they get a basic view of your income. In the end it's close to the credit score system, with the difference that someone who doesn't have any loans or credit cards willl also have a good score since they don't have any missing payments, and haven't gathered too much debt already, which makes sense.
Regarding your point of rent vs ownership. In the end you can still boil it down to needing a certain amount of money/month. Only part of it is your mortgage of course, you need to save up for bigger things, but it's not that different. And i don't even see this being relevant in this discussion, i don't see how the credit score system would predict you being up to being a house owner and setting money aside for bigger repairs.