[Porsche-O-Phile]

Back on-topic, I think that the extended-payment type options are simply a response to higher (over-inflated) prices and an attempt to keep people buying even though they can't afford it under "conventional" terms.

Until wage increases keep pace with housing prices, this is going to be what you get. Housing costs as a percentage of disposable income has skyrocketed. It used to be if you were paying 33% of your gross in housing, that was a lot. Now I know people first-hand that are leveraging over 2/3 of their income (gross COMBINED income!) just to afford a mediocre home. They fear it's either do that or be priced out of the ownership market forever. I told 'em they were nuts, but thus far all they've done is throw the appreciation values in my face and laugh.

I do think the day of reckoning is coming though.