why? they have nothing to lose and they are not paying the bank

回答: people pay 0% down in US will 死翘翘battleship2011-02-08 09:59:26

and then sell the same house to his/her relatives for much much less.

I heard people are doing the opposite in China, i.e. sell at much higher price to his/her relatives and the buyer is using the money borrowed from the bank. Hehe, people are smart, aren't they?

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yes, especially Chinese people, otherwise they won't -longterminvestor- 给 longterminvestor 发送悄悄话 longterminvestor 的博客首页 (46 bytes) () 02/08/2011 postreply 10:28:57

So you think you are smater than banks! Good Luck!! -喜狼狼- 给 喜狼狼 发送悄悄话 (0 bytes) () 02/08/2011 postreply 10:35:57

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