Home Ownership

[Jibartik]

Originally Posted by Patriam1066 [You must be logged in to view images. Log in or Register.]

Anyway, just answering your question. You can afford your own home if you aren’t trying to get ri¢h or die tryin on Bitcoin like a dumb ass rapper

Homes within the commute to my work are very difficult to obtain.

I think the answer is more nuanced as evidenced that they talk about this on the news and it isnt just me that is noticing this.

Originally Posted by Gustoo [You must be logged in to view images. Log in or Register.]

Also fixing the home loan system. Home loans are for people to become home owners, because we used to believe we didn't want everyone around us to be serfs. Home loans are now being used more like business loans, so they favor giving new home loans to people that already own homes, as collateral. These homes are then used for commercial purposes (rental, air B and B) and therefore should be part of a business loan process rather than a home loan process.

Theres a lot of pretty straight forward ways to help this, but like everything it means less profits for wealthy people so its hard to pass.

As it is, they allow corporations funded by china and other outside nations to buy american homes and collect rent from us, LOL. "they" being the legislative branch. So it's a big fat joke, since they clearly don't give a shit about making american life as good as possible for most people.

I feel like this is a big part of it too

That first bit seems like something the gov may try to change in the next decade or 2 I wonder. I could see political initiatives to help people get low interest rate loans backed by the gov if the economy keeps growing and the rates go up while the prices continue to soar.