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We also have the clown situation where you are deemed fit to rent for €1200 a month, but the banks won’t give you a €900 a month mortgage for the same sort of h
by jorvi 3y ago
We also have the clown situation where you are deemed fit to rent for €1200 a month, but the banks won’t give you a €900 a month mortgage for the same sort of housing.
- bombcar 3y agoThe USA often has the opposite problem; people who would be refused rentals at $900 are given loans at $1200, no problem. The key is which ones insulate the giver (landlord/lender) from non-payment (e.g., which are guaranteed by the government).
- jorvi 3y agoThe problem is that it really adds insult to injury. In the aforementioned situation, the home owner is both creating equity and saving 25% extra each month. It creates a very broken situation. But the Dutch government has coddled home owners for four to five decades already. And the real estate market is often zero sum, where advantaging one group disadvantages another. Time to make home owners bleed for a couple of decades. Balance must be restored.