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And I quote:
"Americans never learn. Big is better, right? McMansions, SUV's, fake boobs, morbid obesity, all you can eat buffets, supersize fries and plenty more!" --Michael A.
and
"The citizens who moved out to their country McMansions get up early to drive an hour to the office and come back in the dark after a day's work to catch a glimpse of their palace in the time it takes to drive into the garage. Five hours in front of the TV and 8 in bed leaves 1 hour to get ready to leave and come back. The owner pays on the valuation of all that unnecessary high maintenance heated/cooled space which is largely unoccupied. The value of the house goes down, but never the taxes or the mortgage.
Would a truthful realtor include this in the flowery description of the property? .....A truthful what???"
--William
Hey, don’t knock fake boobs…especially since those tend to generate a real return on investment for the gal who pays for them.
An udderly astute observation. I'd like to post more but I'm experiencing a mammary glitch.
As soon as banks loosen lending standards again buyers will be groping for the McMansions. Nothing has changed except access.
@istt,
In what way do you think the lending standards might be lessened?
(1) less % down (2) no doc (liar) loans return (3) lower credit scores allowed (4) other (5) combination?
http://finance.yahoo.com/news/Why-Were-Shunning-the-usnews-1710102506.html?x=0
I won't be getting one anytime soon...