[johnny_b_g]

> "When you apply for a mortgage you are informed in advance that it might be sold. In fact, when I got mine I was told it would be sold. This information is given to every applicant as a legal requirement and people who don't like it don't need to go through with the application."

Ah yes, the good ol' American practice of victim blaming: "Well, we specifically told you we'd screw you over; look, it's in paragraph 151, subsection 15, article G of the document you signed as we hovered over you impatiently that time you came in when we didn't tell you we were closing 10 mins after that appointment we setup the day before the deadline to sign... so it's really YOUR fault!"

[twblalock]

If you agree to something, you are not a victim, you are a participant.

Don’t agree to things you don’t like and claim to be a victim, unless you had a gun to your head. We should have higher expectations than that.

Don’t like the mortgage process? Don’t get a mortgage. Pay cash, or rent. The world doesn’t owe you the exact terms you want. That’s not the fault of capitalism, it’s as bad or worse under any other system.

You also seem confused about how the process works. Nobody hovers over you under time pressure. Escrow takes like 30 days, and during that time the lenders will freak out about any reason to prevent you from getting the mortgage. They are more worried about getting screwed than the applicants are.

[techsupporter]

> If you agree to something, you are not a victim, you are a participant.

If you cannot give informed or willing consent, you are not a participant, you are a victim. Impenetrable, hard to read terms are not informed consent, particularly when the terms are in a contract of adhesion.

> Don’t like the mortgage process? Don’t get a mortgage. Pay cash, or rent.

Couple of points here. First, I take it you've never read a modern leasing contract. In most jurisdictions, especially where the large corporate landlords have almost entirely conquered the market, they are just as opaque. Landlord associations promulgate so-called "standard leases" that contain myriad difficult to comprehend terms.

> The world doesn’t owe you the exact terms you want. That’s not the fault of capitalism

Perhaps it does not, but yes, it is the fault of capitalism. When all of the participants in a market operate in virtually identical ways because the optimal path, under capitalism, is to legalese first and ask questions later, that is absolutely a failure caused by the capitalistic system. It all stems from the idea that, under capitalism, an individual or group's highest and best course of outcome is to feverishly grab for every single available resource to hoard it against use by others. Along the way, some of those resources are (often temporarily) lent out at an inflated rate to ensure that more resources are grabbed.

This works fine when it comes to a mobile phone device or a book or a toy. Those are optional, often called "luxury", goods that we can leave or take as we desire. Housing, water, food, transportation, energy; we need all of these to live as humans, yet that's where capitalism extracts its most gains because the more desperate someone is for one of these, the more resources they will throw in to fill the need they must fill.