Its somewhat common. Builders tell people, “yea, you can always sell it for more in 3 years and move up with your larger down payment. So you get the low payments for 3 years and then what do you care. you anway will mae out like bandits when you sell it”
Of course, that means, you get a over priced house with a un proportionatly low payments, and if you sell in 3 years cos you cant move up cos you owe more than your house is worth …
Oh yea, the 3 years … ended last week.
Its all because people have only been thinking how much a month.
Cool.
Cow_tipping.
