As someone who was in eighth grade at the time, can you clarify what you mean by this? Every person either 1) buys property, 2) rents property, 3) goes homeless, or 4) dies. There aren't really any other choices.
As someone who was in eighth grade at the time, can you clarify what you mean by this? Every person either 1) buys property, 2) rents property, 3) goes homeless, or 4) dies. There aren't really any other choices.
P.S. I just saw this article:
Mortgage Delinquencies Have Risen Fastest In US History
https://thewashingtonstandard.com/housing-crash-2-0-mortgage...
But, at least in my local market, it would surprise if the banks are sitting on empty units from 2008, as far as I know it all got auctioned off years ago.
This article predicts the covid crisis will center around a new collateralized debt instrument "[after post 2008 banking reform] [d]emand shifted to a similar—and similarly risky—instrument, one that even has a similar name: the CLO, or collateralized loan obligation. A CLO walks and talks like a CDO, but in place of loans made to home buyers are loans made to businesses—specifically, troubled businesses." https://www.theatlantic.com/magazine/archive/2020/07/coronav... discussed at https://news.ycombinator.com/item?id=23480680
For a while.
For a lifetime? I think not.
ps. I've done 9 months/6 months/3 months in my van with my wife. We love it, but it's not a home, it's a journey.