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by howlin 1203 days ago
> Maybe really low/no interest loans for first time home buyers so they can at least get into the market.

One big reason homes are priced so high in places like the USA is because home loans are already government subsidized. When people think of what they can afford, they look at their net monthly mortgage payment less the income tax break. And prices seem to rise to meet whatever monthly payment buyers can afford.
1 comments
tayo42 1203 days ago
> because home loans are already government subsidized.

Are they? Maybe Im more ignorant then I thought? Im still stuck looking at high intrest loans as a first time buyer who works in tech though?

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phil21 1203 days ago
30 year fixed rate mortgages really aren't a market thing. They largely exist due to government support.

If you are getting a conforming loan in the US - chances are the federal government is buying that note via fannie or freddie and the bank simply services the loan for a fixed fee.

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Mountain_Skies 1203 days ago
Do you itemize your taxes? If so, your mortgage is being subsidized by the government.
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tayo42 1203 days ago
no im single and rent (idk how to affordably buy a home, thats what my rant was about), i use standard deduction.
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