this post was submitted on 02 Oct 2023
1165 points (90.5% liked)
Memes
45679 readers
893 users here now
Rules:
- Be civil and nice.
- Try not to excessively repost, as a rule of thumb, wait at least 2 months to do it if you have to.
founded 5 years ago
MODERATORS
you are viewing a single comment's thread
view the rest of the comments
view the rest of the comments
Most people living paycheck to paycheck don't qualify for a 20 year loan for land and a home even in the case of crappy manufactured homes. Plus, if they ever defaulted, they would lose the home and probably quite a bit of the equity as well, depending on local laws.