So what is the deal with buyers these days? Does it matter to you if your house cost $300,000 or $350,000? Or does it just matter that your payments are $2,400 a month? Does the percent of interest matter?
I used to drive around and see new subdivisions with big signs out front with home prices. The neighborhoods would announce that homes here are between, $250-300,000 or $X and up. Now I drive around and see new home subdivisions with signs that say $2,131 a month. These are all new home subdivisions with homes for sale advertising the monthly you would have to pay to be in a home. Some of these subdivisions previously had signs with home prices, but now the signs just advertise the montly.
Just off the top, I am wondering what this $ amount really means. Does it include insurance, hoa, taxes, etc… What is the price I am paying for the house and what interest rate am I getting on the loan?
Either I am crazy for not jumping on the new marketing trend and/or buyers are crazy for not caring what they are buying. Either way I feel it is this type of trend that ruins economies… What matters most to you, the monthly cost or the homes cost or both?
Popularity: 4% [?]
July 9th, 2008 at 4:02 pm
I agree. I’d actually say “Buyers are Stupid”. or “Buyers are Naive”. I really hate car peddlers. They quote a nice figure which when you read it is every two weeks payment! Don’t these people realize they need to understand the numbers behind the numbers?
I refuse to shop at places that treat their customers as these idiots. The only problem is I don’t have many places left to shop.