A recent lawsuit against Gindi Holdings highlights the challenges faced by apartment buyers involved in financing promotions. As property values decline, banks are reducing the approved mortgage amounts, complicating transactions for those who initially paid a small percentage. Real estate developers, needing to lower prices to boost sales, often find themselves in a dilemma as this can anger early buyers. The lawsuit also brings attention to the issues with 10-90 financing deals, likened to risky options where price drops can lead to significant losses. Critics blame banks and financial authorities for allowing such practices. Gindi Holdings stated that they are reviewing the lawsuit details and will respond in court.
