FHA, Fannie and Freddie are welfare for home builders as far as I am concerned.
“If you can’t afford a house at current prices, RENT! Nobody is entitled to a single family home at a reasonable price. If anyone outbids you whether an individual or a fund, tough feces”
This “let them eat cake” comment is why people are voting for socialism. The problem is a smaller and smaller amount of people can afford the price of current homes.
My niece and her husband live in NVA, played by all the rules, marriage before kids, both have above average jobs but to buy a homes in that area is 750-900k. Nearly all the single family homes in their neighborhood, probably 300 homes are rentals.
That is not good for a country.
Problem is that the landlords are selling their properties and getting out of the game.
A year of no rents from a property when you only own three is not a viable business plan.
So the bi boys are making out like bandits and will be able to set the rents at what ever they want because the small competition is all gone. Thanks to the government.
And you approve of that.
Interesting.
“Nobody is entitled to a single family home at a reasonable price. If anyone outbids you whether an individual or a fund, tough feces.”
Have you been reading Dale Carnegie’s How To Win Friends And Influence People?...