Author Topic: Real Estate Culture  (Read 1252 times)

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Offline Squidward von Squidderson

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Re: Real Estate Culture
« Reply #30 on: April 08, 2022, 04:03:33 pm »
Well my point isn't who had it easy or not.  My point is that the real estate and banking sector is now sucking large amounts of wealth from multiple generations.  It is destroying the middle class.

I would propose some kind of rule where mortgages (and down payments somehow) be based on a buyers income.   This would prevent parents from being able to help drive up bids.

How would government be able to micromanage where someone gets money, and whether it’s a gift, or for helping with a house?   That’s an unworkable, naive idea. 

And now people who manage to hide income would get a better mortgage rate and be able to have less of a down payment? 

Do you actually think these things through? 
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