Quote:
Originally Posted by Scornfire
Could give a #### about having a place to Rent, there's more than enough of those, I'd like to be approved for the Mortgage that'd be less than 60% of my current real rent cost (not including utilities) without having to provide a ####ing 40% down payment. Meanwhile there's thousands of asshats out there getting approved for their 10th mortgage (off the collateral from other properties they've yet to fully pay off) for a pure rental property that they proceed to gouge people like me for the priveledge of more than completely subsidizing said mortgage. 10/10 system.
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It's all part of the same issue IMO. the investors are so heavily involved in the game, because the shortage causes so much opportunity for them. As long as rents keep going up, the climate becomes more favorable for investors. That drives up the prices, the government responds by increasing interest rates/stress tests, etc.....