People that declared bankruptcy as late as 2008 and that were planning to buy a townhome for $200,000 to $250,000 which was their budget. What did they end up buying? A new home for $426,000… “far more than their budget”.
Or the other lady that paid 10% more than her budget.
“It’s much easier to buy a new home than an old one,” said Ms. Riley, a 41-year-old mother of two who works as a case manager for children with developmental disabilities in Alexandria, Va. “The builder’s whole attitude was, ‘No worries.’ They help you and they trust you. They really, really want you to get approved.”
My favorite part! “No worries!” “they help you and they trust you” “they really really want you to get approved”.
