Davriellelouna@lemmy.world to News@lemmy.world · 3 days agoWhy is the number of first-time US homebuyers at a generational low?www.theguardian.comexternal-linkmessage-square99fedilinkarrow-up1236arrow-down14
arrow-up1232arrow-down1external-linkWhy is the number of first-time US homebuyers at a generational low?www.theguardian.comDavriellelouna@lemmy.world to News@lemmy.world · 3 days agomessage-square99fedilink
minus-squareLandless2029@lemmy.worldlinkfedilinkarrow-up6·2 days agoThat part makes more sense. In my state the tax on the house goes up. It’s not locked like that. I feel like it’s an oversight to not calculate the new tax rate and include it as cost to the buyer. The bank losses out on the loan if you foreclose on it. They make money on the interest not the sale. The only one who makes out on a bad sale like that is the realtor.
That part makes more sense. In my state the tax on the house goes up. It’s not locked like that.
I feel like it’s an oversight to not calculate the new tax rate and include it as cost to the buyer.
The bank losses out on the loan if you foreclose on it. They make money on the interest not the sale.
The only one who makes out on a bad sale like that is the realtor.