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Yep.. offer financing is an easy way to raise the base price of a good. Homes usually though make sense financially. You get something you own in 30 years so
by sjg007 8y ago
Yep.. offer financing is an easy way to raise the base price of a good.
Homes usually though make sense financially. You get something you own in 30 years so you can live in it on retirement income.. or sell it at an appreciated value (so your net housing costs are at least $0 if you are unlucky to not make any money and not have lost value.. And in some cases you can rent it out to generate income. Combine that with a low rate and it seems like a good idea. Higher rates cause lower house prices though so that's not good except we have the problem now of not enough housing so that may mitigate things.