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The average person is not a mortgage/real estate expert. They trusted professionals who misled them because of the profit motive. (For an example look into the
by thelasthuman 8y ago
The average person is not a mortgage/real estate expert. They trusted professionals who misled them because of the profit motive. (For an example look into the reasons for the 2008 housing crash)
- refurb 8y agoThe average person might not be an expert, but they should know what their monthly payment is versus their take home pay. Even knowing this plenty of people put themselves in precarious financial situations when buying a home.