• CafecitoHippo@lemmy.world
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    1 year ago

    I manage the business lending department at a credit union ($400MM in assets) and lately we’ve just had a ton of investors looking for single family homes. For the most part, they’re all just couples looking for properties and they only have a few of them but we also have some realtors buying up a bunch of them. Looking for a new job solely because of that. Feel like I’m contributing to the lack of affordable housing. I liked the job more when we were doing loans for farmers/truckers/commercial real estate/or people that needed equipment. I hate dealing with single family homes.

    • 4lan@lemmy.world
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      1 year ago

      We need legislation now.
      50% tax on any property past your 2nd. Let people downsize and rent their home to young families, while buying a condo for retirement or whatever. But if we keep on this path we will truly be living our entire lives as a subscription model and never own a thing