4 ms·
Not everyone has the capital to buy homes outright in areas that are e.g.: close to their place of work/well-funded public schools, or in which they feel safe.
by jszymborski 6y ago
Not everyone has the capital to buy homes outright in areas that are e.g.: close to their place of work/well-funded public schools, or in which they feel safe.
Furthermore, buying houses can be a risky proposition, particularly since we're speaking about the context of fluctuating housing prices.
- coding123 6y agoThis is actually something that I wish was fixed. We can't do anything but treat it as a market priced entity - but I wish there was another way - a way to own but not own. Something between rent and own. Maybe if a non-profit organization could somehow start "owning" a bunch of homes and people buy into the organization. For each "owner" they are allocated a house. And then to move is to just find someone else that is moving within this large house owning organization. Kinda like a vast distributed network across the country that owns houses and people pay a standard rate to live in it. If you can't pay, you're out of the network until you can again.