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| Topic | why do mortgages exist? Can someone explain them to me |
| Xelltrix 01/08/18 11:02:27 PM #23: | If you want an actual good answer, look online. Not many people on CE care to explain stuff, even the ones that actually know what they're laughing at you about. Much better to just feel superior by calling you an idiot. I don't have enough knowledge on the subject to really explain it any more adequately than I did initially, just know that it should be apparent that costs do actually exist so, no, you can't say it's all dictated by banks, that's crazy. In order for houses to be cheap enough for most people to buy outright, they would need to be incredibly cheap and it bad neighbors as both material, labor, and location are factors in determining prices among other things. As expectations have gone up throughout the years, so have the quality of homes, I'm sure it's not a 1 to 1 ratio since it's a business and people want profit, but it's not just artificially increased prices. --- Reading this post may induce one or more of the following: Nausea / Butt-Hurt / Lulz / UM? Syndrome / Angst / Diarrhea ... Copied to Clipboard! |
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