2min chapter

How I Built This with Guy Raz cover image

Xero Shoes: Steven Sashen and Lena Phoenix

How I Built This with Guy Raz

CHAPTER

How Did That Work?

In the mid 2000s, people who couldn't qualify for a conventional mortgage with a low down payment could get one. The idea was that it was going to be cash flow for the rest of our life. We weren't fleecing anybody. In fact, we're thanking us for giving the opportunity to buy a house. But it's risky because these are people who would not qualify for loans otherwise.

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