this post was submitted on 19 Sep 2024
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Microblog Memes

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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!

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[–] Rediphile@lemmy.ca 8 points 1 month ago (3 children)

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%.

[–] padge@lemmy.zip 6 points 1 month ago

TIL I can use my stock as collateral in a mortgage

[–] TheFinn@discuss.tchncs.de 2 points 1 month ago (1 children)

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.ca 2 points 1 month ago

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