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Topicwhy do mortgages exist? Can someone explain them to me
Milkman5
01/08/18 11:18:28 PM
#39:


Broseph_Stalin posted...
Milkman5 posted...
The value of almost anything is set by what people are willing to pay for it.


And also the cost of production.


Land isnt produced. When you buy a property, most of your money goes towards the cost of the actual land and not the house on it.

is this not true?
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