alt Hacker NewsAbility to work in a particular place and ability to repay a loan are not the same thing:
1) People get loans against assets literally all the time.
2) People can live and work in different places.
Ability to work in a particular place and ability to repay a loan are not the same thing:
1) People get loans against assets literally all the time.
2) People can live and work in different places.
>1) People get loans against assets literally all the time.
Typically in these cases, there's actually a source of income. You have to pay back the loan, after all. Otherwise I struggle to imagine why anyone without income but with plenty of assets would take out a loan, and having such documentation requirements would greatly inconvenience them. All this feels like a fig leaf for allowing workers lacking work visas to live and work in the US, while turning a blind eye.
>2) People can live and work in different places.
Again, is this something that actually happens, or is it just a contrived scenario? Is there really a large contingent of people working Mexico and then commuting back and forth to the US? They can't get a loan in Mexico?