Yep, that is very liberal financing. Sounds like a lot of the buyers don’t need it anyway since everyone is putting 20-50% down at least in the nice areas. But just more evidence that nothing’s really changed.
Meanwhile, in our little corner of the world money is getting harder to come by. One of the customers here in my office is requesting to change from Net 30 to Net 60 payment on our invoices. We’ll still be getting paid, they’ll just be holding on to the money a little longer. Just normal belt-tightening or a harbinger of doom? Only time will tell…
