• RobertoOberto
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      10 months ago

      Because the people and organizations with the capital to loan out millions of dollars for house purchases are the ones who make the rules.

    • BombOmOm@lemmy.world
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      10 months ago

      What is your proposed alternative system? All of this is just an interest rate applied to an outstanding balance. Many less people would own a house without such an option.

      • Abnorc@lemm.ee
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        9 months ago

        Yeah my parents are vehemently against borrowing money except for a mortgage. Otherwise, how will you save several hundred thousand dollars or more to buy a house in full? Most people can’t do that, even over decades.