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.
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