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/biz/ - Business & Finance

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55951549 No.55951549 [Reply] [Original]

https://www.csnews.com/news/zillow-offers-1-down-payment-to-attract-more-homebuyers

>> No.55951561

>>55951549

lmao enjoy your $5000 mortgage payment

>> No.55951567

>>55951549
give me a 50 year mortgage at 3%

>> No.55951815

>>55951549
I fuck niggers meanwhile buying donut.

>> No.55951872

>>55951549
>
Something something 2008 something something housing crash.

>> No.55951888

>>55951549
>Zillow offers 1% down payment so you can buy the top

>> No.55951911
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55951911

>>55951549
And then one day, for no reason at all, millions of home “owners” got foreclosed on.

>> No.55951923

It's basically renting. 1% down, 8%+ interest, $500,000 average home price. You'll never pay off your mortgage and Zillow will take the home at the end.

>> No.55952106

>>55951561
Renter will be paying that in 10 years for not buying a home. Cope.

>> No.55952129
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55952129

>>55952106
The higher rent gets the more alternatives will become normalized by necessity. Eventually we'll hit a range where "they just have to pay it" stops being true and the whole thing unravels.

>> No.55952134
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55952134

>>55951549
They do that, because noone is buying at these prices. The housing market is done for.

>> No.55952384
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55952384

>>55951923
This is like when people were selling jpgs of monkeys for hundreds of thousands of dollars.

>> No.55952664

>>55951549
Is this deal available in the UK?
Going to buy a £550k house.