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re: Financing is OOC

Posted on 5/4/19 at 8:00 pm to
Posted by Johnpettigrew
Louisiana
Member since Sep 2017
1650 posts
Posted on 5/4/19 at 8:00 pm to
Already is. I thought the 2014 oil bust would allow me to scoop up a decent bay boat for a good price. Most were so upside down they could pay the balance if I paid the nada value of the boat. Banks aren’t repoing either. They will never get the principle back if they had to move it. As long as owner makes some sort of payment every so often they leave it where it’s at.
Posted by Koach K
Member since Nov 2016
4307 posts
Posted on 5/5/19 at 2:21 pm to
I think you are absolutely right. Banks incentivize stupidity. It takes a divorce or death to get something like that ‘resold.’
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