Comment on Millennials are giving up on the thought of ever buying a house and experts estimate fewer will become homeowners

givesomefucks@lemmy.world ⁨1⁩ ⁨day⁩ ago

Its gonna keep happening too.

For years I’ve been getting spam cold calls/texts from investment groups trying desperately to buy my house.

Everyone with a mortgage gets them, long before anyone starts thinking of selling.

What we need is common loyalty. Everyone to refuse to sell existing homes to any bank/corp regardless of how much they’re offering.

A single person always loses against banks and corps, that’s why they spend so much keeping us divided

But the truth is the only reason there’s a homestead exemption is less than a century ago when banks would try to repo a house, the whole community would be waiting for them with rifles.

The people changed the math on the risk/reward for seizing housing, we’d have never got that homestead exemption codified into law without the legitimate threat of violence.

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