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'Can't win in this market': Why LGBTQ say mortgage rates are hitting them especially hard
Posted on 6/20/22 at 5:46 pm
Posted on 6/20/22 at 5:46 pm
quote:
The rapid rise in the cost of a home has made it more challenging for members of the LGBTQ community to buy a home.
First-time homebuyers have to pay the higher home prices without getting a boost from the sale of an existing property.
According to the Williams Institute at the UCLA School of Law, 50% of LGBTQ adults and 64% of LGBTQ couples own their own homes. For non-LGBTQ groups, those numbers are 70% and 75%.
quote:
Mrad's frustrations are shared by many prospective home buyers across the country over the past two years. Home prices shot up, starting in 2020, as stimulus from Congress and the Federal Reserve coincided with a work-from-home boom.
This rapid rise in the cost of a home is particularly impactful for the LGBTQ community, which is less likely to own a home. First-time homebuyers have to pay the higher prices without getting a boost from the value selling an existing property that they own.
quote:
Some real estate firms have started initiatives to help this growing group with the homebuying process, such as the KW Rainbow Network from Keller Williams.
LINK
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Posted on 6/20/22 at 5:47 pm to SPEEDY
FFS
Posted on 6/20/22 at 5:49 pm to SPEEDY
So this effects what....6% of the population? Need a Federal law passed asap.........
Posted on 6/20/22 at 5:49 pm to SPEEDY
Make it fricking stop.
Posted on 6/20/22 at 5:50 pm to SPEEDY
Well that’s weird. When the closing agent caught me staring at her boobs, I thought my heterosexuality had worked against me. This market is tougher on straight white guys.
Posted on 6/20/22 at 5:51 pm to SPEEDY
Aren’t the alphabet gang more likely to have greater disposable income due to them not having children?
Posted on 6/20/22 at 5:51 pm to SPEEDY
quote:now do the same sample by age groups since an increasing number of whatever this generation calls themselves identify as livestock
According to the Williams Institute at the UCLA School of Law, 50% of LGBTQ adults and 64% of LGBTQ couples own their own homes. For non-LGBTQ groups, those numbers are 70% and 75%.
Posted on 6/20/22 at 5:51 pm to SPEEDY
Posted on 6/20/22 at 5:52 pm to SPEEDY
I doubt that this is a thing. Lesbians adjust lickety split to personal challenges
Posted on 6/20/22 at 5:52 pm to NotoriousFSU
quote:
Aren’t the alphabet gang more likely to have greater disposable income due to them not having children?
GDINK
Posted on 6/20/22 at 5:53 pm to SPEEDY
I’m trying to buy my first house too and it’s tough
Welcome to the frickin club
Welcome to the frickin club
This post was edited on 6/20/22 at 5:54 pm
Posted on 6/20/22 at 5:55 pm to SPEEDY
Oh for frick’s sake. Who is better at real estate than gay people? They tend to be the most savvy.
Posted on 6/20/22 at 5:55 pm to SPEEDY
Would have nothing to do with the majority of their population living in urban areas where property values are at the highest, right.
Posted on 6/20/22 at 5:57 pm to facher08
quote:
Would have nothing to do with the majority of their population living in urban areas where property values are at the highest, right.
Accidental downvote. This is what I was coming here to say.
Posted on 6/20/22 at 5:58 pm to SPEEDY
Generally speaking, I feel quite certain people with a mental illness will have lower credit scores than healthy minded people.
Posted on 6/20/22 at 5:59 pm to SPEEDY
This sounds like a made up problem.
Posted on 6/20/22 at 6:02 pm to SPEEDY
LGBTQXYZ+ has a lot of freaks within the community. They voluntarily make bad life choices and live on the fringes of society.
The professional gay community continues to thrive at levels equal to, and often at higher levels than their straight contemporaries.
The professional gay community continues to thrive at levels equal to, and often at higher levels than their straight contemporaries.
Posted on 6/20/22 at 6:03 pm to SPEEDY
That's not what they mean by 'points on the back.'
Posted on 6/20/22 at 6:04 pm to SPEEDY
Embrace the Honk Honk
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