this post was submitted on 13 Sep 2023
632 points (86.8% liked)

Memes

45189 readers
1462 users here now

Rules:

  1. Be civil and nice.
  2. Try not to excessively repost, as a rule of thumb, wait at least 2 months to do it if you have to.

founded 5 years ago
MODERATORS
[email protected]
[email protected]
[email protected]
[email protected]
632
Parasitic (lemmy.ml)
submitted 1 year ago by [email protected] to c/[email protected]
123 comments fedilink hide all child comments
 
you are viewing a single comment's thread
view the rest of the comments
[–] [email protected] 10 points 1 year ago

I can think of two reasons but I doubt this is exhaustive...

Most people don't have enough capital to make the down payment. When one person has no savings, they're irresponsible. When most people have no savings, it's poorly designed policy.

In addition, the option of being able to rent out a house increases its value, which makes mortgages more expensive than they otherwise would be (with no rents).