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> it prevents... accumulating significant wealth in the the property That's the entire point- to make housing affordable, not to make housing a investment.
by tree3 6y ago
> it prevents... accumulating significant wealth in the the property
That's the entire point- to make housing affordable, not to make housing a investment.
- hash872 6y agoThat may be the point of the program, I'm saying I don't think it's a very good point. Owning is basically always more expensive than renting, there's taxes, insurance, endless maintenance etc. As I said in my original comment, I'm sure it gives her family more stability, but wealth accumulation via government-sponsored real estate ownership is literally a huge part of why white families have more than African America ones in this country. I think this program is missing the forest for the trees
- TeMPOraL 6y ago> wealth accumulation via government-sponsored real estate ownership is literally a huge part of why white families have more than African America ones in this country There surely must be a point in which we realize a course of action is wrong and abandon it, instead of perpetuating it to be "fair" to those who joined later?