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Imagine a world where when landlords go bankrupt, the government comes in and buys their property, then offers loans to the tenants so they can buy the property
by pasquinelli 6y ago
Imagine a world where when landlords go bankrupt, the government comes in and buys their property, then offers loans to the tenants so they can buy the property and organize a housing co-op. Would be a good investment for the government, if the landlord could wring out a profit from the tenants then the tenants should be able to pay back the loan.
- tartoran 6y agoYeah, that would be great.
- pnutjam 6y agoEspecially when you look at what renters are actually paying. It's usually way more then the equivalent cost to buy. Renters are locked out because they don't have down payments. They can't save down payments because rent takes all the extra money. The sort of instability that renting creates, contributes heavily to the poor performance of children in school.