RE: The Ideal Use Case For Bitcoin?

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A debt load of $1 million is nothing if that is collateralized by a $5 million house.

If the things go wrong, the house could also be nothing in an instant. Especially with debt. Like in our case. We had a home between 2015 and 2018. My brother made a lot of debt by not paying the bills for months, and by taking bank loans. We had to sell our house. Since then I have to pay very high rent. But I am thinking about a solution to be free again (and get out of the financial discrimination) by live again without having to pay rent.



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Yes but your situation did not make the property worthless. The bank was able to sell it for something. You house was collateral for the loans.

It is true there are situations where losses occur for the lender but real estate tends not to go to nothing.

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I did not mean that literally. I mean "nothing" in the sense that you could lose a house instantly (or at least very quickly) because of a sudden high debt.

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