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The Something Awful Forums > Discussion > Debate & Discussion > Rent control and housing
 
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on the left
Nov 2, 2013
I Am A Gigantic Piece Of Shit

Literally poo from a diseased human butt
The requirements to get a fourplex loan are not very upper class at all

quote:

Basic FHA loan requirements.

-Two Years of steady employment, preferably with same employer.
-Last two years Income should be the same or increasing.
-Credit report should typically have less than two thirty day lates in last two years with a minimum credit score of 620 or higher or in some cases no credit score at all.
-Bankruptcy's must be at least two years old, with perfect credit since discharge.
-Foreclosure's must be at least three years old, with perfect credit since.
-Your new mortgage payment should be approximately 30% of your gross (before taxes) income.


On top of that, the FHA will finance up to 96.5% of the cost. It's a risky financial venture, but certainly not out of reach, and bankruptcy shields you from the downside.

* # ¿ Oct 18, 2014 04:04
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# ¿ May 9, 2024 01:33
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on the left
Nov 2, 2013
I Am A Gigantic Piece Of Shit

Literally poo from a diseased human butt
People living in the wealthiest cities for the longest time should rightfully be given preferential treatment and abnormally cheap rent instead of outsiders from economically depressed areas, this is a good and equitable use of government power that leftists can get behind.

* # ¿ Oct 18, 2014 17:30
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on the left
Nov 2, 2013
I Am A Gigantic Piece Of Shit

Literally poo from a diseased human butt

OwlBot 2000 posted:

Who cares?

Cool, a volunteer.

* # ¿ Oct 21, 2014 06:40
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on the left
Nov 2, 2013
I Am A Gigantic Piece Of Shit

Literally poo from a diseased human butt

punk rebel ecks posted:

Is Sweden the only nation that has experimented with this? Any country currently doing this?

Google "Pruitt-Igoe"

* # ¿ Oct 23, 2014 02:08
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on the left
Nov 2, 2013
I Am A Gigantic Piece Of Shit

Literally poo from a diseased human butt

punk rebel ecks posted:

I was under the impression that land prices were the reason housing is so high, not materials.

Land is expensive, but building dense concrete buildings on top of seismically unstable ground in a tropical climate with typhoons is more expensive than building the same building in NYC.

* # ¿ Oct 27, 2014 04:57
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The Something Awful Forums > Discussion > Debate & Discussion > Rent control and housing