You could use google, you shouldn’t need me to tell you how home ownership works.
The homeowner owns the home, and puts the home up as collateral in case of default. It’s better than landlording because the person living in the home owns it can manages it themselves. Landlords typically have mortgages anyway, they’re just standing in the middle.
A community credit union is a community owned bank. They typically offer the best terms and interest rates of any financial institution, you should really look into banking with one. They’re very common in smaller towns, but they’re typically available even in larger cities.
I do all my banking with my local credit union and couldn’t be happier.
The problem is that a lot of people dont want to or cant own homes because they dont make enough. Banks literally wont lend to many people because they are a bad bet and the bank will lose money. So you are just advocating for local landlords to be replaced by faceless corporations.
A credit union is not a “community union”, its just called a credit union and is just the same thing as a bank. I also like credit unions but its the same idea.
All of that is currently available but it doesnt meet the need. As far as government supplied housing, that is a disaster at best.
You asked what other options there were, and I provided them.
We don’t need landlords, we can safely eat them and be just OK 👌
Who then is going to provide housing at a supply that is sufficient?
You’re confused: landlords don’t provide housing, contractors do.
Who pays the contractors?
banks and community unions.
So then the banks will own the house, how is that any better? I don t know what a community union is.
You could use google, you shouldn’t need me to tell you how home ownership works.
The homeowner owns the home, and puts the home up as collateral in case of default. It’s better than landlording because the person living in the home owns it can manages it themselves. Landlords typically have mortgages anyway, they’re just standing in the middle.
A community credit union is a community owned bank. They typically offer the best terms and interest rates of any financial institution, you should really look into banking with one. They’re very common in smaller towns, but they’re typically available even in larger cities.
I do all my banking with my local credit union and couldn’t be happier.
The problem is that a lot of people dont want to or cant own homes because they dont make enough. Banks literally wont lend to many people because they are a bad bet and the bank will lose money. So you are just advocating for local landlords to be replaced by faceless corporations.
A credit union is not a “community union”, its just called a credit union and is just the same thing as a bank. I also like credit unions but its the same idea.