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.
stevehobbes
joined 1 year ago
Tell me you don’t understand taxes without telling me you don’t understand taxes.
To be somewhat fair, that represents a very small part of Central Park.
They’re both fucking awful. The everything-is-hustle angle is garbage.
I don’t want people trying to figure out the optimal ratio of low but not too low effort posts to get paid turning everyone into a shill. Chasing karma was bad enough. People chasing money will be worse and less valuable.
Just like Twitter, when everyone is monetizing their posts everything will go to shit.
Or SMS should just die….
And how does RCS work without internet? It doesn’t work without connectivity to the cellular IMS. RCS only works on 4G and 5G. It doesn’t work on 2G/3G service which in the US is being phased out, but still exists in lots of places.
Works over any internet eg wifi. You don’t need to have a subscription to anything at all to use iMessage.
Because RCS is provisioned by the telcos and the telcos won’t let them.
Want end to end encryption, have to use Google Messages, not Samsung Messages, both RCS. How’s that for interop?
RCS is a mess and not the savior.
It requires provisioning by your mobile carrier. iMessage doesn’t.
Anyone advocating for something that isn’t OTT has been living under a rock.
It is controlled and monetizable by the telcos. It isn’t better. And it’s barely standardized. Google sells a service to telcos to implement RCS that doesn’t really work well with anyone else’s RCS, or didn’t.
Go look at the amount of threads with people saying “my RCS message from my Samsung didn’t get to my friend on T-Mobile with a pixel”.
This is not the future anyone deserves.
I guess. I’m American and interact with plenty of friends via discord, instagram and others. My friend group has a private discord and I use DMs instead of iMessage all the time.
RCS is basically proprietary RCS.
It is not open, it is controlled by the telcos, and google has been pushing their own proprietary version of RCS to the telcos.
It’s no better than iMessage. This isn’t a problem in the rest of the world, they just all use WhatsApp.
This is a legacy of the US being out in front of adoption of SMS, and it still being ingrained. It’s largely only a US problem. And it’s not even really a problem.
I love iMessage, but I have WhatsApp and signal and like 19 other apps that offer messaging for people who prefer it.
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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.