Fact or Fiction??
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Just Silly
So I found this statement below on an "Amazing Facts" website. And we thought the downpayments of today were painful!!! Do you think this is fact or simply a myth??
AMAZING FACT: Centuries ago, purchasing real estate often required having one or more limbs amputated in order to prevent the purchaser from running away to avoid repayment of the loan. Hence an expensive purchase was said to cost "an arm and a leg."
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February 2, 2009 at 3:36 PM
OK honestly I think we'd have a bunch of people not taking out loans they couldn't afford if this were really the case. Can you imagine the implications in today's economy? I think we should have been able to amputate the lenders line to government funds for making the predatory loans they did to begin with.
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