[turbo6bar]

Earlier today, I met with a realtor who told me about a contract she just received.

Here are the details:
List price of home: $129,900 (yeah, this is east bumble*****, USA. Houses are cheap.)
Buyer's agent offered a contract for
$149,900
Out of the $149k, the seller is paying $15k for the buyer's 10% down payment. There are non-profit associations that take the $15k and gift it back to the buyer. Seller is also paying ~3% closing costs.

The buyer is basically getting into the house for zip-zilch-nada. The buyer has no money in the deal, so there is less incentive to maintain, improve, and build equity.

Insane in da membrane is all I gotta say.