This did not work the last time it was tried. Almost instant uptick in walkaways and foreclosures as the new “homeowners” suddenly realize there is no landlord to call up and gripe at.
Home ownership is not the economic panacea it is made out to be. And even after the mortgage is paid off, monthly housing costs do not decline by all that much, as the upkeep keeps on mounting.
Most of them are to effn lazy to keep up their houses.
Take a look at Deeeetroit for example.