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...also loans (in the USA) are determined on the size of the house as collateral. You are incentivized to buy a large house and small land. I would rather buy
by beauzero 8y ago
...also loans (in the USA) are determined on the size of the house as collateral. You are incentivized to buy a large house and small land. I would rather buy large land and a small house so that I can grow more food, trees, other natural resources. Our family has no need for a large house and they are inefficient to cool and heat.
- vonmoltke 8y ago> ...also loans (in the USA) are determined on the size of the house as collateral. What are you talking about? The collateral is the full property, not just the structure.