Wow

Sent from my iPhone

> On Jan 17, 2017, at 6:18 PM, Dan Penoff via Mercedes <mercedes@okiebenz.com> 
> wrote:
> 
> How do you think people in California afford their houses?
> 
> Balloon mortgages.
> 
> 
>> On Jan 17, 2017, at 7:14 PM, Kaleb C. Striplin via Mercedes 
>> <mercedes@okiebenz.com> wrote:
>> 
>> I am watching the news and a local dealer has a tv commercial offering new 
>> 2017 Nissan Titans for $349 and month for 48 months. Hmm, that sounds like a 
>> payment from the old days. So I pause the TV to read the fine print. After 
>> 48 months you own 51% of MSRP ballon payment. Wow, what kind of moron would 
>> do that deal. So you pay payments then still own about $20k at the end.
>> 
>> Sent from my iPhone
>> 
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> 
> 
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