Quote:
Originally Posted by thinkxingu
I've thought the same thing since spring. What people are paying for things these days is crazy. It's just a matter of time before a sizeable population of America is once again under water.
My neighbor, for example, just refinanced and took $30k out for a pool. They extended the term and are now tapped for equity—it's crazy town, like everybody forgets what happened in the Great Recession.
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I don't know about the lakes region but back in Ma many sales are cash sales, no mortgage.