Updated almost 7 years ago on . Most recent reply
Free Money for Everyone!
I know we don't want to get too political here, but this one is just too relevant. Can you imagine the massive impact on the housing market that would occur in the (unlikely impossible) scenario where this got enacted? EVERYONE, no matter how low their income is, would be guaranteed the "right" to rent ANYWHERE at an out-of-pocket cost of no more than 30% of their income.
This would create unimaginable demand congestion in the most expensive areas, as suddenly everyone in the country can "afford" to rent there!
I don't know about you, but my new FI plan is to retire on a passive income of $2k/month and live in Malibu at an out-of-pocket rent of $600/month!