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re: The average 30-year fixed mortgage rate jumps to 7.50%
Posted on 4/16/24 at 2:43 pm to 3nOut
Posted on 4/16/24 at 2:43 pm to 3nOut
quote:
i'm a libertarian and a capitalist, but not an idiot libertarian or capitalist at all cost to where i think it's better for a corporation/government to create a permanent renting class than encouraging home ownership.
Fair enough.
Devil's advocate: If we had a finite supply of houses, then the scarcity argument would back up this logic. As it is, though, and assuming construction costs are less impacted by corporate ownership, then why does the option of building your own home not mitigate the risk?
1
Posted on 4/16/24 at 3:01 pm to Ag Zwin
quote:
As it is, though, and assuming construction costs are less impacted by corporate ownership,
that's big ask in a big vacuum.
we remodeled and refinanced during covid. numerous crews just didn't show up or walked off the job because Lennar or KB homes offered them 30 homes of work instead of my contractors 1 off. we had to go back out to bid for 3 different crews because they said screw it to the local contractor for the box store.
in the same vacuum, the local contractor should have said "F you out of town box store tract homes builders that are going to just sell these to an out of town investor who's going to rent it out forever. i'm going to go work for this local contractor to rebuild a local house with a local family."
i'll shite in one and and wish in the other.
guess what? all those homes turned into rentals.
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