General Discussion
In reply to the discussion: A $1 million starter home is now the norm in more than 200 US cities [View all]valleyrogue
(2,698 posts)They are in much greater need of a place to live. Biden's proposals are a start in the right direction. It is a recognition of the real issue, affordable housing, and not whether you are rich enough to buy a piece of land.
For too long, renters have been ignored in favor of "homeownership" with all its pitfalls. Many of us have been single all our lives, do not have the buffer of a second income, but we must have shelter. The need is greatest in old age, especially for women alone. We never had the wherewithal to get into the "homeownership" trap in the first place, yet we have had politicians constantly yammer about the "joys" and "pride" and "stability" of "homeownership" (I put the word in quotes because the banks and the mortgage companies are the real owners in most cases). That is the wrong approach to the issue.