Wasn't suggesting 100% mortgages was a con. And neither is this loan offer from developers. Doesn't make either product a good idea though and plenty of people took advantage of 100% mortgages and I would imagine that there will be some people who will take advantage of this as well.
we've been through this 'its up to the individual' argument before so I won't comment further
Every sales technique for every product on the market could be described as a con going by your use of the word.
It may not have been a con but it was reckless lending?Every sales technique for every product on the market could be described as a con going by your use of the word.
It may not have been a con but it was reckless lending?
People have to live somewhere. That is a fact.
Again I agree, I just think people making silly comments like using words like con and fraud to describe business practices that are actually legal brings nothing to any argument or debate.
Again I agree, I just think people making silly comments like using words like con and fraud to describe business practices that are actually legal brings nothing to any argument or debate.
Considering con can mean simply an abuse of confidence, it could be used here. I would say its more like sharp practise, offering people inappropriate services, loans, knowing its poor advice for certain clients who are very likely to end up in difficulty.
Considering con can mean simply an abuse of confidence, it could be used here. I would say its more like sharp practise, offering people inappropriate services, loans, knowing its poor advice for certain clients who are very likely to end up in difficulty.
Well I would consider it to have a meaning of deliberately misleading, I guess its all in the perception.