Comment on But how would they be able to live on that?
damnedfurry@lemmy.world 2 months agoYou have to pay loans back. Do you think lenders are in the business of handing out free money? They lend because they get a return–if they didn’t, there would be literally zero motivation to lend.
BestBouclettes@jlai.lu 2 months ago
Obviously they pay it back, but the assets used as collateral usually grow faster than the interests they have to pay back. Which is pretty much free money.