• alvvayson@lemmy.world
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    1 year ago

    If he also paid tax on those inflated value, then go right ahead.

    It becomes problematic and fraudulent when you want to pick and choose.

    • cowpowered@lemm.ee
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      1 year ago
      Some folks are born silver spoon in hand
      Lord, don't they help themselves
      But when the taxman come to the door
      Lord, the house lookin' like a rummage sale, yeah
      
    • Astroturfed@lemmy.world
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      1 year ago

      Securing loans against inflated equity is fraud and problematic regardless still. It’s like if a normal person was to Photoshop bank statements and paychecks to secure a mortgage they didn’t qualify for. It’s fraud and it’s a felony.