In Torrance, a money-back guarantee
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Good morning. Here’s another sign of the times, although this one comes with all kinds of questions: A builder of townhouses in Torrance is guaranteeing buyers that they cannot lose money on their home purchases.
More, from Manhattan Beach Confidential: ‘You gotta love the sales pitch, courtesy of the RE advertising supplement to Sunday’s Daily Breeze:‘It’s true! BC Urban Development will guarantee that you cannot lose on your new home purchase by offering the first ever 100% guaranteed buy-back program in the history of L.A.... It’s simple. If for any reason you decide you do not want your home, give the developer notice 3 1/2 years after your closing date and
he will buy it back from you for the exact same price you paid.’’
Your thoughts? Comments? Explanations of exactly what’s going on here? E-mail story tips to lalandblog@yahoo.comPhoto Credit: Manhattan Beach Confidential