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I love how none of the people bitching about landlords, care to purchase their own home.
They'll sit there and give you excuse after excuse after excuse when pointed out...
Is one of those excuses that they can't afford it?
Homeowner here: fuck landlords. The entire concept of renting needs to die in a fucking fire.
Residential property taxes should be increased: doubled, tripled, or more. Jack the residential tax rate through the roof. Simultaneously, we need to create a commensurate owner-occupant credit, so effective property tax rate on a homeowner's primary residence stays the same (or even decreases).
If we increase the non-occupant property tax rate enough, renting only becomes possible where the property owner lives on site. "Landlords" of single family homes will be looking for any way they can to get their tenants listed on the deed, so the property qualifies for the owner occupant credit.
We can target an 85% owner occupancy rate. By statute, the tax rate and credit is raised every year if the owner-occupant rate is under 80%, and lowered if the owner-occupant rate exceeds 90%.
Land contracts, private mortgages, condominiums, and similar approaches will replace renting.
Banks would have greater incentive to cooperate with struggling borrowers, because as soon as they foreclose, their costs massively increase. They are similarly incentivized to get any foreclosed home sold quickly, rather than leaving it as a vacant blight on the neighborhood.
excuse after excuse after excuse
"i can't afford to" seems like a fairly watertight 'excuse' to me?
If women have starch masks......
How ewe get pregante?
Maybe a Luigi board?
That's a pretty bizare straw man; I'm picturing it looks like this.
Less of a staw man, more of a... straw curse?
Good name for it. I've been weirdly haunted by it.
Come on, you can do so much better than that
People's bitching instead of doing what I did, promise my dad I will get out of pills in exchange of a job in his drill company. I already bought 5 housed and I'm not even 35.
Yeah OK this is dumb.
Average household income in the US (I'm assuming that's where you are) are 75k before taxes, after taxes is 58k.
Rent is a national average of 2100 monthly, so, roughly 25k annually. The average american household spends 270 weekly on groceries. That's 14k annually. The average american household spends 12k on transportation annually. The average american household spends about 10k on medical costs.
So -3K is what you're left with on average.
Accounting for only necessities, the averages mean that people can't afford to exist, let alone pay a down payment on an average house. 5% of the national average of 495,000 for a house is 24,750. If we're going off of averages is about 30k more than Americans make per household per year. And again in this case, since the average leaves us with a deficit of 3k just accounting for necessities, extending the timeline for savings doesn't do any favors.
I’d love to purchase my own house.
