Another Piece of the Puzzle
We all want to understand how we got into this current real estate market, and there’s no single easy explanation.
However, I read a great piece about “cash back at closing” that goes a long way towards answering that question. And it’s not the obvious piece about predatory lending or misleading consumers or folks who simply overbought. It’s not that conspicuous. And yet it’s really at the core of how the “frothy” markets of the early 2000’s did us in. And it points back to the question of ethics, or how you do business (or live your life for that matter).
Click on this link to read the piece. Let me know if this makes sense to you.
RSS Feed
March 2nd, 2008 at 9:57 pm
That’s a great piece. I know having a clear conscious is the most important thing at the end of the day. With housing prices the way they are now good luck getting the property to appraise for more and defrauding the lenders.
Cheers Green Tom