Did I say mandatory? I meant optional! You’re “free” to die in a cardboard box under a freeway as a market capitalist scarecrow warning to the other ants so they keep showing up to make us more!

  • Rediphile@lemmy.caEnglish
    8·
    2 months ago

    I’ve never made 6 figures before, but was asked to show my investment portfolio value when applying for a mortgage as it was part of my assets. Assets the bank could seize if I didn’t pay my bill.

    TIL I’m the 1%.

    • padgeEnglish
      6·
      2 months ago

      TIL I can use my stock as collateral in a mortgage

      • Rediphile@lemmy.caEnglish
        1·
        2 months ago

        I still think anyone can do that, just on a smaller scale. Either way, sounds risky. Stocks sometimes go down as it turns out.

    • TheFinn@discuss.tchncs.deEnglish
      2·
      2 months ago

      That’s strange. I’ve had a few mortgages now and have never been asked to show my investment portfolio. Where are you and what bank asked for the info?

      • Rediphile@lemmy.caEnglish
        2·
        2 months ago

        Canada. All of the banks I applied at asked for total assets, including TD and Scotiabank.