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I proudly defer to the National Association of REALTORS:
The bottom line: It’s not the lifestyle choices but financial constraints that renters say keep them from purchasing a home in the future. More than half of renters recently surveyed said they do not intend to buy because they think they cannot afford it or their credit is not good enough, according to JCHS.
According to the research, the top 10 reasons renters give for not planning to buy in the future:
correct , all are reasons they are not eligible to be homeowners. they are once again the part of the renter group that has nooooooooooo choice. they will likely always be poor and in fact many were always likely poor. but what about the part of the group like myself and others with choices and who do invest elsewhere ? we are diluted by the fact many renters are renters because they have nooooooooo choice.
you cannot use the term renter as a catchall . there are very distinct groups in that term renter that are very different from each other unlike the term homeowner where the group has overall only those with the resources to buy in its term..
They are in debt because they spent more money than they made.
They borrowed money.
They went to colleges that cost too much money for their budget.
They changed majors and went to stayed in college too long.
Poor work ethics and spoiled by parents.
Could not make sacrifices like using a bus or riding a bike instead of buying a car.
They majored in sociology, liberal arts, counseling, art, English, history,...
A better solution is for them to accept responsibility for their own lives and circumstances, and do what it takes to stop being in a position of having little to no options. Of course, this is something which cannot be legislated, but rather something each person must choose to do.
Why can't homeowners just accept free markets? Why can't they allow everyone to have options?
We know that protectionist government import auto quotas are wrong, aren't government housing quotas also wrong?
The options available to a person should be determined by the private sector not by government.
Why can't homeowners just accept free markets? Why can't they allow everyone to have options?
We know that protectionist government import auto quotas are wrong, aren't government housing quotas also wrong?
The options available to a person should be determined by the private sector not by government.
You are focusing on the wrong things. Changing zoning laws will not help you. Only you can help you. Evil homeowners are not keeping you from having options; you are.
If there was no credit, people would be required to purchase goods and services with the cash they have on hand. Prices would be a LOT lower on everything if people were reqired to pay for things out of pocket.
Credit is a killer because it inflates everything, houses would be 1/5th to 1/10th of the price they are if people had to pay out of pocket with money they currently had.
If there was no credit, people would be required to purchase goods and services with the cash they have on hand. Prices would be a LOT lower on everything if people were reqired to pay for things out of pocket.
Credit is a killer because it inflates everything, houses would be 1/5th to 1/10th of the price they are if people had to pay out of pocket with money they currently had.
If there was no credit, people would be required to purchase goods and services with the cash they have on hand. Prices would be a LOT lower on everything if people were reqired to pay for things out of pocket.
Credit is a killer because it inflates everything, houses would be 1/5th to 1/10th of the price they are if people had to pay out of pocket with money they currently had.
So yeah, credit is crushing everyone.
The price of a house includes the land, development with sewers, water and other utilities, drainage, roads, lots and lots of materials and lots of skilled labor. Without credit we would probably need to rent or if we tried to buy the house would indeed have to be something much less than we could afford with a mortgage. Instead of a 3-4 bedroom house we would end up with something that looked more like an efficiency apartment or a garage. Even that would be way more than 1/5 or 1/10th. Sorry, but not having money does not make prices any less.
Credit is not and has not crushed me. It allowed me to buy a nice house, get a tax benefit and build equity over years. I always maintained a large emergency fund and I never borrowed more than was comfortable and within my income.
The cost of borrowing is now extremely low. I was able to get a mortgage I did not need in order to invest that money and get a safe return of more than twice the cost of the mortgage. Credit is not crushing; it is actually incredibly cheap.
The price of a house includes the land, development with sewers, water and other utilities, drainage, roads, lots and lots of materials and lots of skilled labor. Without credit we would probably need to rent or if we tried to buy the house would indeed have to be something much less than we could afford with a mortgage. Instead of a 3-4 bedroom house we would end up with something that looked more like an efficiency apartment or a garage. Even that would be way more than 1/5 or 1/10th. Sorry, but not having money does not make prices any less.
Credit is not and has not crushed me. It allowed me to buy a nice house, get a tax benefit and build equity over years. I always maintained a large emergency fund and I never borrowed more than was comfortable and within my income.
The cost of borrowing is now extremely low. I was able to get a mortgage I did not need in order to invest that money and get a safe return of more than twice the cost of the mortgage. Credit is not crushing; it is actually incredibly cheap.
Only for those who can get it which probably is a minority right now.
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