. Maybe people remember the last housing crash and want to guarantee themselves or family a bed
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the housing crash was caused by people buying more than they could afford.
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. It was caused by variable interest rates that skyrocketed mortgage payments from doable to fuckedover
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That's what happens when they don't read the terms (or don't have the ability to understand them)
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. What about all that concurrent job loss?
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default rate skyrocketed, credit got tight, overleveraged businesses couldn't use debt to pay debt.
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watch HBO's "Too big to fail" for an excellent explanation of both bank's and people's faults.
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. A perfect storm of greed and need
End of conversation
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No tax on transaction. No property tax.
Thanks. Twitter will use this to make your timeline better. UndoUndo
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because they can't afford to live anywhere else
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there are many places in the US that are cheaper than a mobile home. They just don't want to live there.
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true. Unfortunately, I live in the Bay Area and have worked with people who can't afford a home/apt while working full tm
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But it's their choice to live there. It's crazy to me that people would rather suffer in the area of their choice.
End of conversation
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