this post was submitted on 21 Aug 2024
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My neighbor inherited the house he grew up in. He passed away and his grandson got the house. Turns out his grandfather took out a loan against the house and blew all of the money at the casino. His grandson is now paying for a house that was paid off fifty years ago
In the US you can give it up to not get the debt. Would have just gotten nothing. Probably was still a better deal than going elsewhere. Or the grandson was just too sentimental about keeping the house.