2 ms·
Just curious how this will allow for short term stays of 1-2 years in an area for, say a visiting fellowship, a seasonal job, etc. The problem is that homes ar
by aprilthird2021 2y ago
Just curious how this will allow for short term stays of 1-2 years in an area for, say a visiting fellowship, a seasonal job, etc.
The problem is that homes are so expensive, average people cannot afford to even make enough payments on a home to meaningfully own it in 3-4-5 years. Maybe you're suggesting rent convert to partial equity in a home?
- freitzkriesler2 2y agoI've bought and sold homes in a year or 2 time frame many times even in 2nd or 3rd tier markets. You have closing costs which each your deposit and then for the year your mortgage pays down the costs. Those closing cost fees are the middle men fees entirely. They are there because home buying and selling is a comically antiquated process that can be fixed easily with a technical solution. There's no reason home buying cannot have settlement periods of 5 days.