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re: Financing is OOC
Posted on 5/4/19 at 8:00 pm to Koach K
Posted on 5/4/19 at 8:00 pm to Koach K
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 on 5/5/19 at 2:21 pm to Johnpettigrew
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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