LogFAQs > #951429206

IronBornCorps posted...

Access to credit needs to be improved. The bank said my credit wasn't good enough to afford 1200 / month mortgage for a house, so I rent for 1700 / month.

if you remove people from owning homes for the sole purpose of collecting rent, what happens to apartment complexes? If you think about it, those are really just big ass homes, and are needed in higher population density areas. Even if you break up the apartments similar to how you can own a condo, who takes care of the overall lot?

I bring up apartment complexes, because many of them are run by big corporations who have multiple complexes as well.

The system needs a mulligan, really. A lot of systems do. From housing, to education, to the courts. Everything is still way too heavily influenced by 19th century ideas. Just because something used to work doesn't mean it should stay the same... I think the best defense for your point is UBI program successes. Obviously not everyone will be responsible with it, but more often than not they will be. It needs to stop being looked at as "giving handouts" but more "giving a helping hand", because it's a lot cheaper for the taxpayers when there are 1) more taxpayers and 2) less street people out committing crimes because they're stuck. Wages keeping up with inflation and healthcare being a human right would (ugh) trickle down into fixes for just about everything though.

A lot of landlords are penny wise and pound foolish. I know of a location that has literally sat empty for years because the owner wanted to increase the rent. The business said they couldn't afford that and so they were evicted. Now the moron that owns the land is paying taxes on it while collecting nothing, rather than just making a smaller profit all this time.