3 ms·
> this is one of the few places in US consumer markets Did you mean geographically? Or temporally? because if the second, I'm pretty sure that is a direct lega
by SoSoRoCoCo 6y ago
> this is one of the few places in US consumer markets
Did you mean geographically? Or temporally? because if the second, I'm pretty sure that is a direct legal consequence of the 2008 housing meltdown that boned both sides of the lending equation.
- jedberg 6y agoEven before 2008 it's an issue. I bought in 2008 and cash offers were still preferred over 20% down, which was preferred over less than 20% down. It's because when you make the purchase agreement, the buyer can get a bunch of outs, many of which are based on financing not getting approved. The more difficult your financing situation, the more chance there is of it falling though.