Comment: The banks are doing strange things

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The banks are doing strange things

like pressuring people to take out larger mortgages than they are comfortable doing. This practice that led to the housing CRISIS continues.

Friends who are newly married planned to buy a starter home and the bank tried to talk them into $250,000 as opposed to the $125,000 they wanted to borrow. Had they been more greedy they would have gone for the higher mortgage and found a house to spend it on.

It is such a TRAP! Bigger home, bigger mortgage, more maintenance, higher utilities, higher property taxes.