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That’s not how debt works, he almost certainly pledged assets and a personal guarantee against it. This is known as collateral.
The banks take the collateral when you stop paying.
That’s not how debt works, he almost certainly pledged assets and a personal guarantee against it. This is known as collateral.
The banks take the collateral when you stop paying.
Tell me you don’t understand taxes without telling me you don’t understand taxes.
I think the issue is they’ll have to do much more work to get to those stores if they become remotely popular as a vector for bypassing censorship.
The minute people are using f-droid at scale to bypass controls and censorship, f-droid is going to get firewalled if it isn’t already.
China isn’t on the open internet. It’s a game of whack-a-mole for them, but they’re pretty good at it and throw a lot of bodies at this.
The average user won’t be jumping through the hoops required to make this work.
Get some anger management help.
That isn’t quite right. If you stopped paying the bank would kick you out and sell the apartment to someone else, but if they get less than you owe them for it, they will also send you a bill for the remainder.
And then sue you to get that money.
Interestingly, if they get more than you owe them for it, they will cut you a check for the difference.
But you are actually wrong about how and what the order of operations is.
You are buying the house, the lender (bank) writes the check directly to the seller, and you sign a mortgage agreement for that much with the bank and they put a lien on your house. The bank does not own the house, you do. The bank owns a promissory note from you, backed by your personal wealth and credit and the value of the house (that they have a lien on).
In the case of Twitter, yes, Twitter itself is part of the collateral, but so was Elon musks personal wealth and Tesla shares.