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Strategies & Market Trends : The Residential Real Estate Crash Index -- Ignore unavailable to you. Want to Upgrade?


To: DebtBomb who wrote (270645)8/23/2010 7:52:21 PM
From: S. maltophiliaRead Replies (1) | Respond to of 306849
 
Looks like these Freehold clowns are trying to securitize this 1% transfer fee. Since many builders aren't going to be around 99 years after the 1st sale, what better way to ensure the extra profit than to have Wall St wrap it up and peddle it as a security -- skimming off a little, of course.
sourceoftitle.com

It has very little to do with making houses affordable, or preserving the integrity of the sewer lines for future generations.