|
In response to
"30%? holy shit. who's ever going to be able to buy? -- nm"
by
amanda jones
|
I had to put 25% down on my first rental place in Vegas, and 40% on the second, and I was one of the few able to get financing.
Posted by
ceregon
Feb 1 '11, 07:53
|
The conspiracy lover in me is saying that the banks are refusing to loan money at such low rates, because they are locking themselves into historically awful returns for 30 years. So they make it really hard to borrow money at the lower rates, and then once the economy picks up and rates rise to more profitable levels, they start lending again.
|
Responses:
|