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Banned
Join Date: Apr 2005
Location: Columbus, OH
Posts: 18,240
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Quote:
Originally posted by Porsche-O-Phile
In the meantime, that keeps properties occupied and keeps prices artificially high, which banks, developers, mortgage brokers and realtors all like to see. Doesn't matter if they can really ever afford it, just put warm bodies in there and extract whatever you can for as long as you can. It's rent, basically. These people are being hooked with the word "homeowner", but they'll never REALLY have any ownership stake in the properties. It's simply a rent payment to a bank.
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Well put man.
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03-01-2007, 12:58 PM
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