3 ms·

If banks stopped lending based on creditworthiness they'd be doing a lot less lending causing far more people to not be able to afford a house.

• aprdm 4y ago
  IMO they need to change their model. If someone has been affording rent at 2k for many years, then they can afford a mortgage at 1.5k, that's not the case nowadays.
  • icelancer 4y ago
    Renting on a yearly basis at $24k/year is very different than committing to the deed transfer on land + house at $18k/year on a 30 year term.
    • alexb_ 4y ago
      For one, rent can get more expensive, vs a fixed rate mortgage which doesn't.