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| Topic | Seriously, never be a landlord |
| adjl 12/08/21 11:29:34 AM #65: | Fam_Fam posted... still too much for people with little/no savings to pay for. people can't even pay their rent right now, how can they afford a down payment plus monthly mortgage? You'd need to take down prices A LOT (i.e., have it tax-funded) for most people to actually be able to afford buying. If that's the solution you are proposing...good luck with that. Which is why nobody's really proposing that solution. That's a bit too extreme. Solving the problem is going to entail making sure more affordable rentals are available and otherwise including regulations to keep the housing market from ballooning out of control (such as, like I said, limiting the number of properties a given entity can own in the region). That will drive prices down without completely crashing them, while providing suitable interim options for those that currently struggle with rent to amass some capital and eventually move into ownership. --- This is my signature. It exists to keep people from skipping the last line of my posts. ... Copied to Clipboard! |
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