6d • NEWs
Major Homebuilders ‘Weigh Plans’ for a Million Entry-Level ‘Trump Homes’
Happy Tuesday All!
First and foremost, I'll be the last one on this platform to talk politics and specifically "divisive" politics! 😠. Anyhow, you will likely have heard about TRUMP HOMES and this article a perfect article to reference this coming Friday!
If you are going to be on the show this Friday, RATHER THAN POLITICS I would focus more of your attention on the last part of the article that questions whether a "rent-to-own" pathway would actually benefit many first-time homebuyers.
""The reason this hasn't been done before at a large scale is that rent-to-own just isn't a very favorable proposition to buyers," he says.
Rent-to-own makes sense only in specific circumstances where the buyer is unable to get a mortgage now, but will be in the future, and is willing to commit to a specific home upfront, says Berner. The rent-to-own buyer is also gambling that the home's value won't decline over the lease period.
"It's a small subset of the buyer population that experiences all these conditions," he says. "Building more homes is great for buyers, and a large-scale building boom will make homes more affordable. Just build them. Sell them or rent them out as builders normally would."
would love to hear thoughts!
Check out the article at https://www.realtor.com/news/real-estate-news/trump-homes-lennar-taylor-morrison-plan/
Make it a great day,
Coach RU
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Major Homebuilders ‘Weigh Plans’ for a Million Entry-Level ‘Trump Homes’
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