[aynyc]

How can a retiree or poor middle class person get a loan? They probably have below 650 credit. The house hasn’t seen an updated in 20 years. Any delay in construction will put them under water for years. For the poor, there is no path for success, as the house is probably the only assets they have.

My old neighborhood has a bunch of 80 year olds with houses worth a million easy without any mortgages. You would think the banks would give them loans to fix things up. Nope, not a chance. The banks are waiting for them to die and make money off the next mortgage.