From my sister-in-law:<\/p>\n
Why isn’t there more opportunity for poor people to own their homes?<\/p><\/blockquote>\n
If you were to substitute the word “horses” for “homes”, the question would answer itself, wouldn’t it? Poor people rent rather than own because their income is too low, their credit scores are too low, or their debt-to-income ratios are too high. That much is not rocket science, and it would apply to any other expensive financed possession we might name.<\/p>\n
People very enamored of coercive charity can imagine circumstances in which financially unqualified people are given homes — or are given heavy subsidies toward buying homes. But this can only happen by taking wealth away from other people — people who have earned that wealth and deserve every penny of it. Poor people might get more<\/i> home than they have earned, but only because other people are getting less<\/i> home than they deserve. This kind of redistribution of purported injustice is made possible only by force — and, by my reckoning, that force is the most vicious injustice of all.<\/p>\n
But, even so, there are two persistent problems. First, people tend not to respect what they did not have to earn and deserve. This is nicely illustrated by the awful condition of free or subsidized housing all over the Earth.<\/p>\n
Moreover, unless the problem is to repeat itself, the poor recipients of subsidized housing would have to be forbidden from selling it at its true appreciated value — lest it become unobtainable by other poor people in the future.<\/p>\n
The poor do not buy homes because for whatever reason they don’t develop the attributes of mind, character and behavior that lead to homeownership. And, even if they were to be given free or heavily-subsidized homes, the restrictions that would have to be placed on the sale of those homes would prevent those poor people from profitably developing those same attributes of mind, character and behavior even after they have become homeowners — in name only…
\n<\/p>\nTechnorati Tags: sellsius 101<\/a>, real estate<\/a>, real estate marketing<\/a><\/p>\n
<\/p>\n","protected":false},"excerpt":{"rendered":"
From my sister-in-law: Why isn’t there more opportunity for poor people to own their homes? If you were to substitute the word “horses” for “homes”, the question would answer itself, wouldn’t it? Poor people rent rather than own because their income is too low, their credit scores are too low, or their debt-to-income ratios are […]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_crdt_document":"","jetpack_post_was_ever_published":false,"_jetpack_newsletter_access":"","_jetpack_dont_email_post_to_subs":false,"_jetpack_newsletter_tier_id":0,"_jetpack_memberships_contains_paywalled_content":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[12,6,5],"tags":[],"class_list":{"0":"post-443","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"hentry","6":"category-ask-the-broker","7":"category-marketing","8":"category-real-estate","10":"no-featured-image"},"jetpack_featured_media_url":"","jetpack_sharing_enabled":true,"jetpack-related-posts":[{"id":16761,"url":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/16761\/ask-the-broker-why-dont-more-poor-people-own-their-own-homes\/","url_meta":{"origin":443,"position":0},"title":"Ask the Broker: Why don\u2019t more poor people own their own homes…?","author":"Greg Swann","date":"August 26, 2020","format":false,"excerpt":"Why isn\u2019t there more opportunity for poor people to own their homes? If you were to substitute the word \u201chorses\u201d for \u201chomes\u201d, the question would answer itself, wouldn\u2019t it? Poor people rent rather than own because their income is too low, their credit scores are too low, or their debt-to-income\u2026","rel":"","context":"In "Flourishing"","block_context":{"text":"Flourishing","link":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/category\/flourishing\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/www.bloodhoundrealty.com\/BloodhoundBlog\/wp-content\/uploads\/2020\/08\/valentina-locatelli-P8bsrm8KbM0-unsplash.jpg?resize=350%2C200","width":350,"height":200},"classes":[]},{"id":428,"url":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/428\/blogoff-post-51-ask-the-broker-do-you-drive-a-big-obnoxious-car\/","url_meta":{"origin":443,"position":1},"title":"Blogoff Post #51: Ask the Broker: Do you drive a big obnoxious car . . . ?","author":"Greg Swann","date":"September 26, 2006","format":false,"excerpt":"This came up in a comment from a bubble head a few weeks ago. In truth, it's nobody's damned business, but it is a matter of concern around here:What kind of car do you drive?I drive a Hyundai Elantra Wagon: Her name is Beatrice, after the gorgeous Weimaraner in Best\u2026","rel":"","context":"In "Ask the Broker"","block_context":{"text":"Ask the Broker","link":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/category\/ask-the-broker\/"},"img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":509,"url":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/509\/ask-the-broker-is-a-buyers-agent-like-a-bad-penny\/","url_meta":{"origin":443,"position":2},"title":"Ask the Broker: Is a Buyer’s Agent like a bad penny . . . ?","author":"Greg Swann","date":"October 4, 2006","format":false,"excerpt":"When is a Buyer Broker Agreement abrogated, anyway?Is there a law stating that once your contract with your realtor is up that you must include them on the deal of the purchase of a home that they showed you?No such law. Feeling relieved? You can stop that right now. For,\u2026","rel":"","context":"In "Ask the Broker"","block_context":{"text":"Ask the Broker","link":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/category\/ask-the-broker\/"},"img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":32,"url":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/32\/how-the-grinch-stole-home\/","url_meta":{"origin":443,"position":3},"title":"How the Grinch stole home…","author":"Odysseus","date":"December 23, 2005","format":false,"excerpt":"Interest rates are down, Gas prices are down, housing starts nationwide are up, and home prices in the Valley are up, so you know what that means. Yup, the sky is falling yet again. Affordable homes are vanishing. Vanishing! It must be the Grinch, slinking around with a bottomless bag\u2026","rel":"","context":"In "General"","block_context":{"text":"General","link":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/category\/general\/"},"img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":15714,"url":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/15714\/ask-the-broker-has-going-fsbo-lost-its-fizz\/","url_meta":{"origin":443,"position":4},"title":"Ask the Broker: Has going FSBO lost its fizz?","author":"Greg Swann","date":"February 21, 2012","format":false,"excerpt":"This came in over the transom. I'm not answering the whole question. To say the truth, I feel as if I'm being shopped with every conceivable infraction in the HUD handbook. So, you, too, please do also exercise restraint on the subject of commissions. For all of me, the FSBO\u2026","rel":"","context":"In "Ask the Broker"","block_context":{"text":"Ask the Broker","link":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/category\/ask-the-broker\/"},"img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":393,"url":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/393\/blogoff-post-16-ask-the-broker-why-are-the-lots-so-small\/","url_meta":{"origin":443,"position":5},"title":"Blogoff Post #16: Ask the Broker: Why are the lots so small . . . ?","author":"Greg Swann","date":"September 26, 2006","format":false,"excerpt":"This question comes from my mother-in-law, Cathy's mother:Why do builders make yards so small?This is a question that applies to the Phoenix area, but I know it fits in many markets in the southwest. Phoenix was settled in sections, 640 acre square-mile parcels. 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