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Post by abbey1227 on Aug 10, 2021 9:25:51 GMT
Nikole Hannah-Jones Calls Out Jay-Z and Will Smith’s Rent-To-Own Venture As ‘Predatory’by Kristen Muldrow August 9, 202140190 Renowned journalist and HBCU professor Nikole Hannah-Jones took time to share her thoughts on the start-up venture backed by Jay-Z and Will Smith. According to Hannah-Jones, the rent-to-own housing program is predatory to low-income participants. Hannah-Jones tweeted her objections last week about why credit counseling is not the key to helping low-income families realize homeownership.
“Credit counseling is not what will take low-income renters to homeowners, wealth will,” Hannah-Jones wrote. She then linked an article about Landis Technologies, the start-up that Jay-Z and Will Smith have made a financial investment into. The way that the start-up works is that Landis buys “dream homes” for participants who will rent the homes for two years. In that two years, it is expected that the renters will save enough money for a down payment. At the end of the two years, they would then buy the home from Landis. “Financial inclusion is really important to us,” Cyril Berdugo, one of the founders of Landis, said. “An aspect of Landis that we’re very proud to be a part of is wealth creation for low-income Americans.” The hitch in the plan? If after two years the renters do not have the down payment money, Landis has the option to offer them more time or sell the home to someone else. Another caveat is that the renter may not be able to secure a mortgage at the end of the two years. Basically, after paying rent and possibly other obligations like maintenance and insurance, the hopeful renters could end up constructively evicted. Nikole Hannah-Jones’ perspective has historical merit. Not only has the rent-to-own industry been generally predatory to people of color, but since the 1950s, things have only gotten worse.
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Post by Prometheus on Aug 11, 2021 3:01:54 GMT
Nikole Hannah-Jones Calls Out Jay-Z and Will Smith’s Rent-To-Own Venture As ‘Predatory’by Kristen Muldrow August 9, 202140190 Renowned journalist and HBCU professor Nikole Hannah-Jones took time to share her thoughts on the start-up venture backed by Jay-Z and Will Smith. According to Hannah-Jones, the rent-to-own housing program is predatory to low-income participants. Hannah-Jones tweeted her objections last week about why credit counseling is not the key to helping low-income families realize homeownership.
“Credit counseling is not what will take low-income renters to homeowners, wealth will,” Hannah-Jones wrote. She then linked an article about Landis Technologies, the start-up that Jay-Z and Will Smith have made a financial investment into. The way that the start-up works is that Landis buys “dream homes” for participants who will rent the homes for two years. In that two years, it is expected that the renters will save enough money for a down payment. At the end of the two years, they would then buy the home from Landis. “Financial inclusion is really important to us,” Cyril Berdugo, one of the founders of Landis, said. “An aspect of Landis that we’re very proud to be a part of is wealth creation for low-income Americans.” The hitch in the plan? If after two years the renters do not have the down payment money, Landis has the option to offer them more time or sell the home to someone else. Another caveat is that the renter may not be able to secure a mortgage at the end of the two years. Basically, after paying rent and possibly other obligations like maintenance and insurance, the hopeful renters could end up constructively evicted. Nikole Hannah-Jones’ perspective has historical merit. Not only has the rent-to-own industry been generally predatory to people of color, but since the 1950s, things have only gotten worse.
She's right |
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Post by abbey1227 on Aug 11, 2021 3:04:38 GMT
Nikole Hannah-Jones Calls Out Jay-Z and Will Smith’s Rent-To-Own Venture As ‘Predatory’by Kristen Muldrow August 9, 202140190 Renowned journalist and HBCU professor Nikole Hannah-Jones took time to share her thoughts on the start-up venture backed by Jay-Z and Will Smith. According to Hannah-Jones, the rent-to-own housing program is predatory to low-income participants. Hannah-Jones tweeted her objections last week about why credit counseling is not the key to helping low-income families realize homeownership.
“Credit counseling is not what will take low-income renters to homeowners, wealth will,” Hannah-Jones wrote. She then linked an article about Landis Technologies, the start-up that Jay-Z and Will Smith have made a financial investment into. The way that the start-up works is that Landis buys “dream homes” for participants who will rent the homes for two years. In that two years, it is expected that the renters will save enough money for a down payment. At the end of the two years, they would then buy the home from Landis. “Financial inclusion is really important to us,” Cyril Berdugo, one of the founders of Landis, said. “An aspect of Landis that we’re very proud to be a part of is wealth creation for low-income Americans.” The hitch in the plan? If after two years the renters do not have the down payment money, Landis has the option to offer them more time or sell the home to someone else. Another caveat is that the renter may not be able to secure a mortgage at the end of the two years. Basically, after paying rent and possibly other obligations like maintenance and insurance, the hopeful renters could end up constructively evicted. Nikole Hannah-Jones’ perspective has historical merit. Not only has the rent-to-own industry been generally predatory to people of color, but since the 1950s, things have only gotten worse.
She's right
You claim to have been poor......... I'm guessing you've been around poor Americans in the past.
How do you not see that simply giving people things is not the cure for what ails them?
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Post by Prometheus on Aug 11, 2021 3:23:52 GMT
You claim to have been poor......... I'm guessing you've been around poor Americans in the past.
How do you not see that simply giving people things is not the cure for what ails them?
Huh?
What in my post makes you think that I just want to give people houses?
"Rent-to-own" is a predatory practice. It's a scam. She's right.
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Post by abbey1227 on Aug 11, 2021 3:34:03 GMT
You claim to have been poor......... I'm guessing you've been around poor Americans in the past.
How do you not see that simply giving people things is not the cure for what ails them?
Huh?
What in my post makes you think that I just want to give people houses?
"Rent-to-own" is a predatory practice. It's a scam. She's right.
I understand that some, if not many, of previous 'Rent to Own' systems have been suspicious or unfairly tilted towards the borrower.
But are you saying it's completely impossible to create a more fair and workable system? Habitat for Humanity requires a certain amount of hours worked on other peoples' homes before one qualifies for their own....... in a way, that seems even more sound a policy than expecting people that are poor handlers of money to meet certain requirements.
So if there is no minimum down payment.......or a way to get people to invest in themselves........how do you ever get them into homes of their own?
This is what I tend to see when people have no vested interest in things.......they abuse it, fail to appreciate it and ultimately allow things to degrade since they expect someone else will always be footing the bills for everything they do.
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Post by Prometheus on Aug 11, 2021 4:03:45 GMT
Huh?
What in my post makes you think that I just want to give people houses?
"Rent-to-own" is a predatory practice. It's a scam. She's right.
I understand that some, if not many, of previous 'Rent to Own' systems have been suspicious or unfairly tilted towards the borrower.
But are you saying it's completely impossible to create a more fair and workable system? Habitat for Humanity requires a certain amount of hours worked on other peoples' homes before one qualifies for their own....... in a way, that seems even more sound a policy than expecting people that are poor handlers of money to meet certain requirements.
So if there is no minimum down payment.......or a way to get people to invest in themselves........how do you ever get them into homes of their own?
This is what I tend to see when people have no vested interest in things.......they abuse it, fail to appreciate it and ultimately allow things to degrade since they expect someone else will always be footing the bills for everything they do.
Why are you bringing up topics that have nothing to do with what you posted? |
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Post by abbey1227 on Aug 11, 2021 4:16:07 GMT
Why are you bringing up topics that have nothing to do with what you posted?
I posted a piece that has a woman criticizing two wealthy guys wanting to provide an 'IN' to home ownership.
She seems to suggest that just giving people homes would be the better way to go and I disagree with that entirely. Or in a similar fashion as Govt lowering the bar yet again led to the housing crisis.
Loaning money/giving credit to those who suck at handling money is not ever going to be a completely fair activity......if for no other reason than the very legitimate reason that those who suck at it tend to face higher interest rates and more seeming 'discrimination' based off of their previous records and activity.
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Post by Prometheus on Aug 12, 2021 1:28:58 GMT
Why are you bringing up topics that have nothing to do with what you posted?
I posted a piece that has a woman criticizing two wealthy guys wanting to provide an 'IN' to home ownership.
She seems to suggest that just giving people homes would be the better way to go and I disagree with that entirely. Or in a similar fashion as Govt lowering the bar yet again led to the housing crisis.
Loaning money/giving credit to those who suck at handling money is not ever going to be a completely fair activity......if for no other reason than the very legitimate reason that those who suck at it tend to face higher interest rates and more seeming 'discrimination' based off of their previous records and activity.
Where does she suggest that? |
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Post by abbey1227 on Aug 12, 2021 2:13:24 GMT
I posted a piece that has a woman criticizing two wealthy guys wanting to provide an 'IN' to home ownership.
She seems to suggest that just giving people homes would be the better way to go and I disagree with that entirely. Or in a similar fashion as Govt lowering the bar yet again led to the housing crisis.
Loaning money/giving credit to those who suck at handling money is not ever going to be a completely fair activity......if for no other reason than the very legitimate reason that those who suck at it tend to face higher interest rates and more seeming 'discrimination' based off of their previous records and activity.
Where does she suggest that? why credit counseling is not the key to helping low-income families realize homeownership. “Credit counseling is not what will take low-income renters to homeowners, wealth will,”
=======================================
Teach a man to fish.
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Post by Prometheus on Aug 12, 2021 2:28:04 GMT
Where does she suggest that? why credit counseling is not the key to helping low-income families realize homeownership. “Credit counseling is not what will take low-income renters to homeowners, wealth will,”
=======================================
Teach a man to fish.
“Credit counseling is not what will take low-income renters to homeowners, wealth will,”
Sounds like she's talking about looking for ways to build wealth rather than having what little wealth people have scammed away.
How dare those people of color try to build wealth and compete with white folks for nice houses in the suburbs! ![[mad]](//storage.proboards.com/7182076/images/XegTyANmgpBZDFPQoKTh.gif)
Do you understand yet, why some people might think you're a tad racist?
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Post by abbey1227 on Aug 12, 2021 2:32:55 GMT
“Credit counseling is not what will take low-income renters to homeowners, wealth will,”
Sounds like she's talking about looking for ways to build wealth rather than having what little wealth people have scammed away.
How dare those people of color try to build wealth and compete with white folks for nice houses in the suburbs!
Do you understand yet, why some people might think you're a tad racist?
My opinion is that renting your entire life is a pretty sure way to avoid building any equity or wealth.
I encourage ALL my fellow Americans to look after themselves in a similar manner. Nice houses in the suburbs is one way to achieve that. Heck, even owning property in the big city will produce similar results.
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Post by Prometheus on Aug 12, 2021 2:47:02 GMT
“Credit counseling is not what will take low-income renters to homeowners, wealth will,”
Sounds like she's talking about looking for ways to build wealth rather than having what little wealth people have scammed away.
How dare those people of color try to build wealth and compete with white folks for nice houses in the suburbs!
Do you understand yet, why some people might think you're a tad racist?
My opinion is that renting your entire life is a pretty sure way to avoid building any equity or wealth.
I encourage ALL my fellow Americans to look after themselves in a similar manner. Nice houses in the suburbs is one way to achieve that. Heck, even owning property in the big city will produce similar results.
You need a little wealth first before you can invest in buying a house, Abs.
After 2 years of getting scammed, do you think those people will have any wealth left?
This might surprise you, Abs, but POC growing up in the inner city don't have a lot of income in the first place. They don't have good schools to teach kids about money. The kids have more pressing problems regarding their safety than learning those things even if the schools taught them. They can't just roll out of bed one morning and say, "I think I'll go buy a house in the suburbs today in order to build my wealth."
Were I a "woke" person, this is where I'd tell you to "check your privilege."
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Post by abbey1227 on Aug 12, 2021 12:06:21 GMT
You need a little wealth first before you can invest in buying a house, Abs.
After 2 years of getting scammed, do you think those people will have any wealth left?
This might surprise you, Abs, but POC growing up in the inner city don't have a lot of income in the first place. They don't have good schools to teach kids about money. The kids have more pressing problems regarding their safety than learning those things even if the schools taught them. They can't just roll out of bed one morning and say, "I think I'll go buy a house in the suburbs today in order to build my wealth."
Were I a "woke" person, this is where I'd tell you to "check your privilege."
Before the most recent housing crisis........ there was very little required down. Hence all those people so willing to just walk away once they lost value on paper.
You're assuming it's all a scam? It's impossible for someone like Will Smith or Jay Z to offer people a realistic form of entry to ownership?
Who is at fault for those schools? The $Money has been pouring in. And even the schools out in the nicer and wealthier suburbs don't really teach kids about responsible money handling. Crime is the pressing problem? Who is at fault for all the crime?
They can develop a plan that will allow them to continually make improvements. You did, didn't you? Or you figure your skin color automatically gave you some super superior power to make changes in your own life?
My privilege came from watching most of the white people I was surrounded by making absolutely terrible life decisions again and again. ![[giveup]](//storage.proboards.com/7182076/images/FSYefibmKqtatIXMgHZg.gif)
You make it seem like I am asking the impossible of average people when it comes to expectations. I don't think I am.
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Post by Prometheus on Aug 13, 2021 4:00:08 GMT
You need a little wealth first before you can invest in buying a house, Abs.
After 2 years of getting scammed, do you think those people will have any wealth left?
This might surprise you, Abs, but POC growing up in the inner city don't have a lot of income in the first place. They don't have good schools to teach kids about money. The kids have more pressing problems regarding their safety than learning those things even if the schools taught them. They can't just roll out of bed one morning and say, "I think I'll go buy a house in the suburbs today in order to build my wealth."
Were I a "woke" person, this is where I'd tell you to "check your privilege."
Before the most recent housing crisis........ there was very little required down. Hence all those people so willing to just walk away once they lost value on paper.
You're assuming it's all a scam? It's impossible for someone like Will Smith or Jay Z to offer people a realistic form of entry to ownership?
Who is at fault for those schools? The $Money has been pouring in. And even the schools out in the nicer and wealthier suburbs don't really teach kids about responsible money handling. Crime is the pressing problem? Who is at fault for all the crime?
They can develop a plan that will allow them to continually make improvements. You did, didn't you? Or you figure your skin color automatically gave you some super superior power to make changes in your own life?
My privilege came from watching most of the white people I was surrounded by making absolutely terrible life decisions again and again.
You make it seem like I am asking the impossible of average people when it comes to expectations. I don't think I am.
1. The median downpayment these days is about 12% but that doesn't matter. It's the cost of the homes. 12% of 50k (median home price in 1980) is 6k. 12% of 300k (median home price today) is 36k. Oh. And the median downpayment in 1989 (earliest I could find on a quick search) was 20%. Downpayments DID start coming down after the deregulation, BUT the lowest downpayment percentages were only available if you chose the ARM... which was a scam. Other than that, they were still around 10 to 12%, the same as today.
I know. I did a short stint as a mortgage broker in the early 2000's. It was short because I wouldn't push the ARM.
2. I know it's a scam. The article tells you why it's a scam. Do you think having big names attached to something makes it less of a scam? Those two might think they are doing something good. Maybe they don't understand how it works since they're also being led around by "financial advisors."
3. Look in the mirror. Why haven't YOU formed a "watchdog group" or an "oversight committee"? Why haven't YOU run for office or campaigned for a person whose ideas match your own? Why haven't YOU written a book on the topic? Why haven't YOU started a video series?
4. The color of my skin has certainly affected my opportunities... as well as my choices. Everybody's does one way or the other. I've checked my privilege and found that it is in good working order. I'd just like for other people to have the same privilege. It's much better for the competitive nature of capitalism.
5. Good for you. Most people can't break the cycle alone. Have you considered helping other people? Don't give that blah-blah about how you do it all the time. You don't. I even offered you a tiny forum at the ass-end of the internet and you turned it down.
6. I think you're wrong to consider those living in the inner cities as "average."
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Post by abbey1227 on Aug 13, 2021 12:55:54 GMT
1. The median downpayment these days is about 12% but that doesn't matter. It's the cost of the homes. 12% of 50k (median home price in 1980) is 6k. 12% of 300k (median home price today) is 36k. Oh. And the median downpayment in 1989 (earliest I could find on a quick search) was 20%. Downpayments DID start coming down after the deregulation, BUT the lowest downpayment percentages were only available if you chose the ARM... which was a scam. Other than that, they were still around 10 to 12%, the same as today.
I know. I did a short stint as a mortgage broker in the early 2000's. It was short because I wouldn't push the ARM.
2. I know it's a scam. The article tells you why it's a scam. Do you think having big names attached to something makes it less of a scam? Those two might think they are doing something good. Maybe they don't understand how it works since they're also being led around by "financial advisors."
3. Look in the mirror. Why haven't YOU formed a "watchdog group" or an "oversight committee"? Why haven't YOU run for office or campaigned for a person whose ideas match your own? Why haven't YOU written a book on the topic? Why haven't YOU started a video series?
4. The color of my skin has certainly affected my opportunities... as well as my choices. Everybody's does one way or the other. I've checked my privilege and found that it is in good working order. I'd just like for other people to have the same privilege. It's much better for the competitive nature of capitalism.
5. Good for you. Most people can't break the cycle alone. Have you considered helping other people? Don't give that blah-blah about how you do it all the time. You don't. I even offered you a tiny forum at the ass-end of the internet and you turned it down.
6. I think you're wrong to consider those living in the inner cities as "average."
1. How American of you to expect to just start out with a $300K home. The idea of starting out with a lower priced home, using that to springboard yourself up every 5-10 years is too tough a task to ask? I could also argue that the typical American home is larger and more expensive than in the past......who drove that reality?
I bought a vacant lot........which I paid on until I had over 20% for the home to be built. My only regret was not building a Duplex as an investment rather than a single family home.
I agree that ARMs are a scam.......yet I've known more than one person that willingly signed up for them despite all of the evidence out there for them. People sign up to lease cars, too like never before.
My point was simply that YOU could surely come up with a Rent to Own scenario which wasn't a scam. In all likelihood though.......your trusting soul would end up bankrupting it because there's a reason higher risk people face higher fees and interest rates. THEY skip out on their responsibilities at a higher rate than others.
3. I haven't because I've come to the surreal conclusion that millions of people really do not like to hear the truth.
4. I want all Americans to have the same opportunities as well. I feel your background in teaching has taught you to believe in that notion of white privilege in a self-loathing kinda way. It certainly gives non-whites all of the enabling excuse making they'd ever need to just not bother trying.
5. I'm lazy. I offer my casual help here and there. But I've got no interest in wrestling people away from their daily stupidity. Americans are some of the most spoiled people on the planet. And that goes for even our poor.
6. Why? Do they not have at least average intelligence? Do they not have the average amount of potential and ability as any other able bodied person? Are they unable to look around and realize that some people do things more productively and other people do things more self-destructive? It seems I have more faith in the average American's abilities than you. BUT the difference is I'm not willing to bet my own money on what I consider to be a bad risk in the long term.
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Post by Prometheus on Aug 14, 2021 3:29:12 GMT
1. The median downpayment these days is about 12% but that doesn't matter. It's the cost of the homes. 12% of 50k (median home price in 1980) is 6k. 12% of 300k (median home price today) is 36k. Oh. And the median downpayment in 1989 (earliest I could find on a quick search) was 20%. Downpayments DID start coming down after the deregulation, BUT the lowest downpayment percentages were only available if you chose the ARM... which was a scam. Other than that, they were still around 10 to 12%, the same as today.
I know. I did a short stint as a mortgage broker in the early 2000's. It was short because I wouldn't push the ARM.
2. I know it's a scam. The article tells you why it's a scam. Do you think having big names attached to something makes it less of a scam? Those two might think they are doing something good. Maybe they don't understand how it works since they're also being led around by "financial advisors."
3. Look in the mirror. Why haven't YOU formed a "watchdog group" or an "oversight committee"? Why haven't YOU run for office or campaigned for a person whose ideas match your own? Why haven't YOU written a book on the topic? Why haven't YOU started a video series?
4. The color of my skin has certainly affected my opportunities... as well as my choices. Everybody's does one way or the other. I've checked my privilege and found that it is in good working order. I'd just like for other people to have the same privilege. It's much better for the competitive nature of capitalism.
5. Good for you. Most people can't break the cycle alone. Have you considered helping other people? Don't give that blah-blah about how you do it all the time. You don't. I even offered you a tiny forum at the ass-end of the internet and you turned it down.
6. I think you're wrong to consider those living in the inner cities as "average."
1. How American of you to expect to just start out with a $300K home. The idea of starting out with a lower priced home, using that to springboard yourself up every 5-10 years is too tough a task to ask? I could also argue that the typical American home is larger and more expensive than in the past......who drove that reality?
I bought a vacant lot........which I paid on until I had over 20% for the home to be built. My only regret was not building a Duplex as an investment rather than a single family home.
I agree that ARMs are a scam.......yet I've known more than one person that willingly signed up for them despite all of the evidence out there for them. People sign up to lease cars, too like never before.
My point was simply that YOU could surely come up with a Rent to Own scenario which wasn't a scam. In all likelihood though.......your trusting soul would end up bankrupting it because there's a reason higher risk people face higher fees and interest rates. THEY skip out on their responsibilities at a higher rate than others.
3. I haven't because I've come to the surreal conclusion that millions of people really do not like to hear the truth.
4. I want all Americans to have the same opportunities as well. I feel your background in teaching has taught you to believe in that notion of white privilege in a self-loathing kinda way. It certainly gives non-whites all of the enabling excuse making they'd ever need to just not bother trying.
5. I'm lazy. I offer my casual help here and there. But I've got no interest in wrestling people away from their daily stupidity. Americans are some of the most spoiled people on the planet. And that goes for even our poor.
6. Why? Do they not have at least average intelligence? Do they not have the average amount of potential and ability as any other able bodied person? Are they unable to look around and realize that some people do things more productively and other people do things more self-destructive? It seems I have more faith in the average American's abilities than you. BUT the difference is I'm not willing to bet my own money on what I consider to be a bad risk in the long term.
1. I didn't say what people should start with. I simply pointed out that the median price has gone up quite a bit in 40 years and that 12% of a big number is more than 12% of a small one. And they weren't more expensive in the past. Home prices were actually running lower than the rate of inflation whereas now they are neck-and-neck.
And the only way to run a rent-to-own program that is not a scam is to not care about the investment quality of the rental properties and no one with a brain is going to invest in property that they can't sell and may becomes so derelict that the investment is lost and can only be [partially] recouped by bulldozing the site and selling the land.
3. More excuses.
4. I have zero self-loathing. As I said, my privilege is in perfect working order and I will use it when I have to.
5. More excuses
6. False comparisons
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Post by abbey1227 on Aug 14, 2021 12:56:51 GMT
1. How American of you to expect to just start out with a $300K home. The idea of starting out with a lower priced home, using that to springboard yourself up every 5-10 years is too tough a task to ask? I could also argue that the typical American home is larger and more expensive than in the past......who drove that reality?
I bought a vacant lot........which I paid on until I had over 20% for the home to be built. My only regret was not building a Duplex as an investment rather than a single family home.
I agree that ARMs are a scam.......yet I've known more than one person that willingly signed up for them despite all of the evidence out there for them. People sign up to lease cars, too like never before.
My point was simply that YOU could surely come up with a Rent to Own scenario which wasn't a scam. In all likelihood though.......your trusting soul would end up bankrupting it because there's a reason higher risk people face higher fees and interest rates. THEY skip out on their responsibilities at a higher rate than others.
3. I haven't because I've come to the surreal conclusion that millions of people really do not like to hear the truth.
4. I want all Americans to have the same opportunities as well. I feel your background in teaching has taught you to believe in that notion of white privilege in a self-loathing kinda way. It certainly gives non-whites all of the enabling excuse making they'd ever need to just not bother trying.
5. I'm lazy. I offer my casual help here and there. But I've got no interest in wrestling people away from their daily stupidity. Americans are some of the most spoiled people on the planet. And that goes for even our poor.
6. Why? Do they not have at least average intelligence? Do they not have the average amount of potential and ability as any other able bodied person? Are they unable to look around and realize that some people do things more productively and other people do things more self-destructive? It seems I have more faith in the average American's abilities than you. BUT the difference is I'm not willing to bet my own money on what I consider to be a bad risk in the long term.
1. I didn't say what people should start with. I simply pointed out that the median price has gone up quite a bit in 40 years and that 12% of a big number is more than 12% of a small one. And they weren't more expensive in the past. Home prices were actually running lower than the rate of inflation whereas now they are neck-and-neck.
And the only way to run a rent-to-own program that is not a scam is to not care about the investment quality of the rental properties and no one with a brain is going to invest in property that they can't sell and may becomes so derelict that the investment is lost and can only be [partially] recouped by bulldozing the site and selling the land.
3. More excuses.
4. I have zero self-loathing. As I said, my privilege is in perfect working order and I will use it when I have to.
5. More excuses
6. False comparisons
1. I'd like to see how the $Dollar compares these days to Costs. Sorta like how the minimum wage was just over $3 when I started working and setting aside money. And I know my InLaws and Grandparents paid something like $15,000-20,000 for their homes. Modest little cracker box houses, like in Levittown with detached garages. Those things are tiny by today's standards.....and my Gramma raised 16 kids in hers.
I'd disagree. Just the way people are opting to lease vehicles these days......$35,000-75,000 vehicles! They have no say in selling them and opting out is loaded with penalties......just like when they walked away from their homes during the crash because they were 'upside down' on the appraised value at the moment.
4. So you're sorta like a busty slut that way? 
5. You're sorta demanding that I go out and put in more effort than I'm willing to.........while supporting 'safety nets' for millions of people who won't even do what I'm currently doing?
6. Not in my naive mind. I look at all able bodied Americans pretty much the same. They CAN DO IT to coin a phrase. How hilarious that POS ended up making things worse for so many.
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Post by Prometheus on Aug 15, 2021 9:27:35 GMT
1. I didn't say what people should start with. I simply pointed out that the median price has gone up quite a bit in 40 years and that 12% of a big number is more than 12% of a small one. And they weren't more expensive in the past. Home prices were actually running lower than the rate of inflation whereas now they are neck-and-neck.
And the only way to run a rent-to-own program that is not a scam is to not care about the investment quality of the rental properties and no one with a brain is going to invest in property that they can't sell and may becomes so derelict that the investment is lost and can only be [partially] recouped by bulldozing the site and selling the land.
3. More excuses.
4. I have zero self-loathing. As I said, my privilege is in perfect working order and I will use it when I have to.
5. More excuses
6. False comparisons
1. I'd like to see how the $Dollar compares these days to Costs. Sorta like how the minimum wage was just over $3 when I started working and setting aside money. And I know my InLaws and Grandparents paid something like $15,000-20,000 for their homes. Modest little cracker box houses, like in Levittown with detached garages. Those things are tiny by today's standards.....and my Gramma raised 16 kids in hers.
I'd disagree. Just the way people are opting to lease vehicles these days......$35,000-75,000 vehicles! They have no say in selling them and opting out is loaded with penalties......just like when they walked away from their homes during the crash because they were 'upside down' on the appraised value at the moment.
4. So you're sorta like a busty slut that way?
5. You're sorta demanding that I go out and put in more effort than I'm willing to.........while supporting 'safety nets' for millions of people who won't even do what I'm currently doing?
6. Not in my naive mind. I look at all able bodied Americans pretty much the same. They CAN DO IT to coin a phrase. How hilarious that POS ended up making things worse for so many.
1a. There's this wonderful tool called a "search engine." You could try that instead of simply musing on the subject
1b. I don't have a face nor a palm big enough...
4. You betcha. I'm gonna use it before I'm completely, socially disenfranchised
5. I don't recall my response being demanding at all. Your logic always seems to be based on the notion that if I won't give you cake for dessert that somehow it means that I'm going to steal all of your food. It's like you're sitting there munching herpaderp biscuits and spitting the crumbs onto my screen. Please stop.
6. "Naive mind"
If that phrase makes you feel better, we'll stick with it for the moment.
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