I think the logic with buying a house is, that a person buying a 2 million house can probably afford to pay more, than a person buying a 100k house. So paying a percentage is in theory fair, not conaidering that 100k houses do now go for 2 million.
… Right, except the closing costs go to the bank, not the government. And these days, in so many markets a basic house can cost a small fortune. So, the bank wins on closing costs as well as the loan.
I think the logic with buying a house is, that a person buying a 2 million house can probably afford to pay more, than a person buying a 100k house. So paying a percentage is in theory fair, not conaidering that 100k houses do now go for 2 million.
… Right, except the closing costs go to the bank, not the government. And these days, in so many markets a basic house can cost a small fortune. So, the bank wins on closing costs as well as the loan.