mawkishdave

mawkishdave t1_je3boou wrote

Say I loan you money for 10 apples. Because it's my money I own the apples. You make a payment and that pays for two of the 10 apples. You now own those two apples. Bob really wants ten apples so you sell him all ten. I am ok with this because I get my money. Your equity was the two apples you paid off.

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