[mojo114]

Hi, I see you are from Massachusetts, Well I lived in Mass. for a long time and not one bank would ever give a loan with zero down. Geez how did you get your house ?

[Leisler]

I asked, about 20 years ago, one of the wealthiest men in Massachusetts about getting money. He said he hadn't, and his father handn’t been to a bank in decades. By the way, the guy was doing such business, it didn't occur to him, and he wasn't aware of financing an auto.

Anyways, very few banks here do traditional in house note holding. A few, but only for select customers.( Why give up prime, steady returns, eh? )

I'd say that eighty percent are done by, or end up in a mortgage company. Who has the loan often changes in a year or so.

Lastly, Mass is in a weird place right now and long term is really sick. No population growth. Zero. Also population is getting elderly. Also, home occupancy rates are declining, that is the number of people in a house. So, the near long term is looking grim. No young people, no people, who the heck buy’s these houses the next decade?