“It’s not enough anymore to say, ‘I can work hard,'” Dimon said in a recent interview with CNN. “In the old days, you could be in 10th grade, go get a factory [job] in Detroit, and eventually you could afford a family, a home, a car, and that may not be true anymore.” - CEO, JPMorgan

If only there were something that could be done about that, Mr Eight Figure Salary.

makes sense

my senior in-laws stole family's entire fortune including wiping out of the grandkids college funds

fucking old people these days live off the futures of the youths

I guess if you also spent 20 years "3 years away" from buying a house, that was pretty normal.

How does a stat like this get affected when a corporation buys a house? Exclude it from the stats? Go off the organization's age? Decide after seeing how either solution affects the stats in the end?

Not a perfect system but look into Land Trusts in your areas. Its a way for people to get affordable homes. In Portland we have one called Proud Ground. Basically the trust owns the land and you buy the home. They dont legally get to tell you wnat to do though on said land. They arent there to micromanage like an HAO. They just make it affordable this way. When you eventually sell the home you sell back into the program for other low income families and get 25% of the market value as well as any repairs you made. You can also choose to keep it and pass it down in the family / give it to family if you want to upgrade someday.

This is what my family did. Its not going to fix the housing crisis but I wish more programs like this existed...oh.. and put a cap on how many homes a corporation or entity can buy! No homes should be sitting open in a housing crisis!

P.S. Look into IDA programs too for the down payment! Oregon also has that available and its how we saved for the down payment. Our home is 3bd 2bth in a major city and we only paid 199k for it and our down payment was mostly IDA grant money.

Ah just the depressing article I needed before bed.

I plan to be in my 70s, approximately, when I will finally have the financial opportunity to own a home for the first time. I also expect to die in my early 60s. So that's fun.