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ALAB.
(lemmy.world)
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this post was submitted on 29 May 2024
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I mean, I can't say I'm against measures that discourage more people from joining the leech class like that.
That 40% down would also reduce the rate at which established landlords can expand. For 40% down, $1m can finance $2.5m of property. For 20% down, it can finance $5m. For 10% down, it can finance $10m. And that money could be used to bid on more residences or to bid higher on the same number of residences.