According to an article on the website cnnmoney.com, home builders in some recent housing developments have found a new profit center: They include language in sales contracts that provides them with a 1 percent “transfer fee” every time the house is sold for the next 99 years. “It’s another innovative way to price-gouge,” a representative for the Center for Responsible Lending told the site. “Every extra dollar they suck out of people’s wallets takes away from other spending. It’s not good for the economy.”
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