Zillow is now offering 1% down-payment home loans and I don't...

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2023-08-28 16:25:02 - Translate -

Buy a home, only 1% down.

WTaF? It was 5% leading up to 2007 and see what they got us?

When I bought my homes, it was a 20% downpayment requirement and the payment had to be no more than 1/4 of your household income. Do people never learn?

Hold onto you ASS[ets]. It appears to be building up again only this time much, much worse . . .

https://notthebee.com/article/zillow-is-offering-1-down-payment-loans-for-homebuyers-and-i-think-we-know-what-happens-next

Buy a home, only 1% down. WTaF? It was 5% leading up to 2007 and see what they got us? When I bought my homes, it was a 20% downpayment requirement and the payment had to be no more than 1/4 of your household income. Do people never learn? Hold onto you ASS[ets]. It appears to be building up again only this time much, much worse . . . https://notthebee.com/article/zillow-is-offering-1-down-payment-loans-for-homebuyers-and-i-think-we-know-what-happens-next

NOTTHEBEE.COM

Zillow is now offering 1% down-payment home loans and I don't think it's hard to figure out where we are headed

Remember the 2008 financial crisis, when a ton of lenders gave a ton of confiscatory and adjustable-rate home loans to borrowers who couldn't possibly afford to pay them back, and then the borrowers ran out of money and everything collapsed and there was a disastrous recession?

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