The U.S. Will Become A Nation of Renters

Just moved to another state with my wife and dogs to rent for one year. The hoops you have to jump through when you have good credit!

The fees for every little thing as well as the cheap building materials so they can keep your deposit is insane.

No wonder the homeless population has exploded.
 
Told cats to buy SOMETHING back then...didn't have to be your forever home.

Buy it for the appreciation. You gotta live somewhere anyway, may as well own it. Depending on your work situation and lifestyle of course.

Man, I had just got furloughed then, so my income dropped significantly. I was ready to purchase something, but I had to go into survival mode.

I didn’t get hired full time again until the end of 2021 and the fuckin lenders wanted two years off job stability before they would fucks with me. lol.

But honestly, some of those cribs didn’t age well. It was the more middle class or up and coming areas that saw the most growth.

The hood or lower income areas ain’t changed much. If anything their properties got bought and the area was gentrified.
 
Investors snapped up about a quarter of all single-family homes sold in Philadelphia over a period of six years, concentrating in predominantly Black and Hispanic neighborhoods with lower prices—raising concerns about affordability and the quality of available housing, a new study reveals.

Most of the investors, ranging from small outfits to large corporations, who purchased properties between 2017 and 2022 are renting them out instead of flipping and selling them, according to the report published by the Reinvestment Fund, a Philadelphia-based community investment nonprofit, and the Center for Law, Inequality, and Metropolitan Equity (CLiME) at Rutgers Law School.
 
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