Mikey6304 t1_it9qe8o wrote on October 21, 2022 at 11:42 PM

Reply to comment by Parkimedes in Many countries have a "hidden welfare state" for incumbent homeowners, as governments subsidize homeowners through the tax system. The homeownership welfare state is strongest in the US and other Anglophone countries, but weakest in the Scandinavian countries. by smurfyjenkins

I bought my house in 2013 because I had enough in my starbucks 401k to make a down payment on an FHA loan. I only even considered this because I couldn't afford to rent a 1br apartment in my area, but I could afford a $700/mo mortgage.