>An average home costs $367,969
>An average rate for a 30 year mortgage is 6.5%
>An average down payment for a first time home buyer is 10%
>The interest after 30 years is $422,391.76
>Which is 114% for the original purchase price
>Some government backed mortgages allow as little as 3% down.
>Mortgages rates where in the double digits in the 1980s.
>Not to mention property tax and home ownership insurance that doesn't cover anything and insurance companies that drop you for no particular reason and is legally mandatory with most types of government backed loans (the cheapest options)
>The median age of a home is 36 years
>That's longer than lifetime of some major repair items like roofs, septic tanks, water connections, etc.
>It's actually harder to get a loan for new construction with building and equity requirements then to buy an existing property. Meaning if you run out of money or the builder takes to long your fucked.
lol

Reminder that all interest is usury and should be punishable by a millstone

>>509848238 (OP)
Loans are fine, but they have to be allowed to default so prices come back down and the system resets, rich have hijacked the system through the gov to declare pagan ownership on everything for free and rent it forever
Knowledge of the law is not an excuse

Borrowing to buy a home isn’t the worst thing, but borrowing from a bank to buy a home is maybe the worst thing. Borrowing money that was already circulating in the economy doesn’t cause inflation. Creating new credit money (as banks uniquely do) to fund asset purchases does cause inflation. Housing would be affordable now if banks were prohibited from creating new deposits to fund mortgage loans. It’s a very simple regulatory change, just mandate immediate interbank wire settlement on home loans.

>>509848789
Prices would also fall if we forced loan terms to be a more reasonable 10 year maximum.
A 30-year mortgage results in unnaturally low monthly payments, and that monthly payment is all that retards look at when 'buying' a house, instead of total cost.

>>509848954
This would also clamp down on rentals. I advocate for a law that says
>you can only rent out a home that you own outright
>you cannot rent a mortgaged home
This would force rents back to fair value. Landlords would charge for the value of the property, not the property plus 30 years of interest. I’m amazed this isn’t law already—it’s insane that people are allowed to charge rent on assets they don’t own.

>>509848238 (OP)
>be me
>be 2020
>buy 6 acres $6k
>drill well $9k
>build small house $45k
>total $65k
i cashed my 401k out to do it and it was the best decision i ever made. it has already paid for itself if i was paying rent for the last 5 years.

>>509848238 (OP)
>pay more in interest than the value of the home
sounds like a jewish scam to me.

>>509849201
That pic is not a new house I can see the stain lines that are very old on the wall.

>>509849285
I mean if wasn't for the rules and requirements for building and equity in new construction loans and the few people who can afford to do it homes would be a deprecating asset (as they where in the past.) So yeah you could say it's a rigged scam.

>>509849201

The foldable chairs from Walmart are an elegant touch.

>>509849173
Because for the overwhelming majority of landlords. Renting out properties would become impossible
Even high density buildings would become impossible as those are generally built on credit.

>>509849434
>stain lines
its 5 years old and i smoke in it but im not sure what your even talking about

>>509848238 (OP)
>buy land for >10k
>dig/drill well
>build yurt for 4k with included solar panels somewhere sunny.
It would essentially end homelessness and cause the housing bubble to implode.
Then you can just irrigate your own vegetable garden and live on the internet using 50$ a month for satellite internet.
Ultimate comfy is to do all this on neetbuxs, that way to allude the wagie systems and all this sub prime lending and banking mumbo jumbo

>>509849770
Also one could hold money in crypto savings, that is not taxable, and work from home using A.I. to do remote data entry work

>>509849770
>>509849201
Pitiful excuses for living like a pig in doom from the start game of monopoly run by the (((banks)))

>>509849739
>Because for the overwhelming majority of landlords. Renting out properties would become impossible
>Even high density buildings would become impossible as those are generally built on credit.
Still waiting for you to explain any downside.

>>509848455
Reminder that there's no incentive to loan money without usury.

>>509850063
You could buy up the least expensive lots of land near national parks and make off the grid air bnbs for people to rent for like 500$ a month, and make your money back in 3 and a half years. They would look like this, but with internet and solar panels.

>>509849739
Sounds wonderful

>>509850079
The downsides would be mainly felt in urban areas as theres a demand there for high density housing.
However this could be countered with an exception regarding apartments with them operating on a different model?
Would also serve as an opportunity to make the management/ownership structure of apartment buildings more sensible
Instead of allowing individual apartments to be sold off outright they can only be rented out with a singular owning organisation/individual retaining ownership and responsibility for the building as a whole preventing the all too common issue of needed building repairs and maintenance not being undertaken.

Meanwhile you follow through on your idea in regards to houses.
Price of houses goes down and people don't get suckered into buying apartments.

>>509848712
Loans are fine but the Mortgage system of having all interest paid up front before you can touch premium and regular mortgage renegociations that reset this bullshit is the true usury.

Loans should calculate your total premium and interest each monthly payment is a ratioed amount of the two so they go down at the same rate.

>>509850201
>Just remember this, Mr. Potter: that this rabble you're talking about, they do most of the working and paying and living and dying in this community. Well, is it too much to have them work and pay and live and die in a couple of decent rooms and a bath?
I won't pretend that the B&L in "It's a Wonderful Life" didn't charge any interest, but it is clear that the Baileys had no profit motive.
They simply wanted the people in their town to own their homes outright, which would lead to incredible prosperity down the road.
Whites don't need a profit motive like kikes.
I happily let my neighbor use my ladder and I get it back afterward.
The same with dollars.

>>509851207
This is really just a single instance of the larger problem: so much of our economy is based on predatory debt manipulation. Medical debt, student loans, mortgages, insurance, credit cards, etc. Just more and more ways to squeeze money out of people beyond the cost of the service itself so they can pocket the difference.

Think of how much money would be saved by *literally everyone* if you just have the government butcher the health insurance companies and say "People pay the goverment taxes instead of health insurance, we pay for medical care at cost as a nonprofit initiative". Bam. Same doctors, same care, no army of middlemen squeezing you for cash every step of the way and coming up with excuses why you shouldn't receive the care you spent the last 8 years paying for the promise of.
There is literally no argument against this that isn't just the insurance companies shittying themselves over the gravy train stopping.

>>509851207
True.
And you folks up north have it even worse without fixed rate for the term.

>>509848455
This. Modern people forgot how before the jewish banking system, for thousands of years, usury was forbidden everywhere except for jews. Every religious book bank usury except the jewish one, which makes it okay to exploit the goy.
It's a disgusting practice and brings no benefit to anyone. It creates artificial growth while drowning everyone in debt to the jews. That's also why these jewish parasites were banned from almost every country on earth. These usurers parasitize their host country.