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> There are many people who have no business owning a home but who feel they must do so in order to not be left behind in this game of leveraged bets. Who has
by tareqak 6y ago
> There are many people who have no business owning a home but who feel they must do so in order to not be left behind in this game of leveraged bets.
Who has no business owning a home?
- closeparen 6y ago* Won't stay long enough to break even on transaction costs. * Price to rent ratio very high, just need somewhere to live. * Achieving ownership requires moving to sprawl and taking on a ruinous car commute. * Ownership used to justify overspending on housing because "it's an investment." * Need to go broke to scrape together the down payment. * Don't reliably earn enough to pay the mortgage, and no savings. * Don't have the temperament or the means to do maintenance.