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Homes "unaffordable" in 99% of nation for average American (www.cbsnews.com)

submitted 11 months ago by Blaze@discuss.tchncs.de to c/personalfinance@lemmy.ml

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[–] flathead@lemm.ee 5 points 11 months ago* (last edited 11 months ago)

Interesting. Thank you for the very enlightening info. So the local government is providing interest-free loans to developers for BFR projects, when prevailing rates are over 5 percent?

If the scope of BFR subsidization is as large as indicated then it's probably buoying the housing market. A quick search found this glowing report on the BFR "boom".

https://rei-ink.com/the-build-for-rent-evolution/

Real estate developers getting free government loans from public treasuries. What could possibly go wrong?