Even if you take Housing expense to 40% DTI people would still need substantial DPA but I prefer that, than to have people paying 50-70% as Housing expense as renters. It robs the people out of wealth
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The rent is more than I get in a month everywhere with two people who make the same amount. And its over half my combined with my partner income with a roommate, more than I make including basic living expenses…. When I was priced out we were in the hole every single month. But multiple hundreds.
may 17, 2025, 2:44 am • 1 0 • view
And that was low income housing. Whenever a roommate would move out our family would have to pay the rent, this would get us docked money, which then left us even more in the hole.
may 17, 2025, 2:45 am • 0 0 • view
Usually docked nearly the amount contributed too.
may 17, 2025, 2:46 am • 0 0 • view
Thats where instead of government subsidizing landlords, they should subsidize buyers.
may 17, 2025, 12:16 pm • 0 0 • view