So everyone needs to be able to spend the upfront capital to buy a home? What about people who want to rent? There are lots of advantages to not buying.
So instead of paying rent, you pay loan payments. And the bank can seize your property if you can’t pay. Sounds like six of one and a half-dozen of the other.
Why would anyone build new apartment buildings if that were the law? We desperately need to be building more housing, and denser housing.
They’d build them so they can sell them. You can own apartments too.
So everyone needs to be able to spend the upfront capital to buy a home? What about people who want to rent? There are lots of advantages to not buying.
Loans exist. And reduce the upfront cost in paperwork to buying a house. It shouldn’t cost nearly 5 figures just to get documents signed.
So instead of paying rent, you pay loan payments. And the bank can seize your property if you can’t pay. Sounds like six of one and a half-dozen of the other.