Comment by elzbardico
3 hours ago
That's this thing called credit.
People do this all the time, that's how they buy their first house (or at least used to...). Your net worth is basically zero beyond what you saved for the down payment, but the bank advances you the money to buy the house because it believes your future income streams will allow you to pay the principal plus an interest.
being able to foreclose on the house/property is a pretty decent protection for the bank that doesn't exist for a business though