Archive for the ‘Financing’ Category

What is “affordable”? (2009-5-27)

Doing direct comparisons of price levels in any country is really an exercise of little value. Consumer goods in Cuba are expensive to Cubans, but the same items in Japan (at a higher price in any currency) are cheap to the Japanese. How can this be? What we can afford to pay for goods is [...]

Creative Financing (2009-3-28)

Another advantage that the prospective buyer should toss into the negotiating picture is the possibility of creative financing. For example, the seller may be willing to hold a second mortgage; this can reduce or eliminate the need for a down payment. The seller also may more readily agree to take responsibility for closing costs. For [...]