this post was submitted on 29 Nov 2024
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I'm counting on it 😅
It's still a weird feeling when you're 3 years later and everyone is complaining about their rent going up and yours is staying still. It kind of feels like cheating.
100% agree. It's crazy that we have 30 year fixed rate loans with basically no penalty to refinance. Don't get me wrong, it's working for me, but I wish it was different because it's so unfair.
I think you misunderstood me, rentals should have more of limit on how much they can raise the rent, not that banks should get more money from homeowners. I guarantee that banks are making a shit ton of money or they wouldn't do it.
I definitely agree that rent should be much more controlled and affordable. And yeah banks definitely don't need more money. But a majority of Americans have fixed mortgage rates under 4%, which makes a lot of them keep their old house when they move, and just rent it out. Which just makes it harder for people to break into the housing market. And houses are an investment that renters don't have access to, and that's just one of tons of things that keeps poor people poor.
Yeah, that's not a thing:
Meet the Billionaire Investors Behind the US Housing Affordability Crisis