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Dave Peticolas's avatar

Fantastic article! This is an amazing statement:

"Banks would not lend to me because I was self-employed and needed two years of income history from the new practice."

You were self-employed as a _dentist_. You should have been a great credit risk and yet you still couldn't get a mortgage. Something is very wrong with this state of affairs. Now that you've read Homelessness is a Housing Problem, may I recommend Shut Out and Building From the Ground Up by Kevin Erdmann over at https://kevinerdmann.substack.com/ ?

His well-researched thesis is that we made a fateful and terrible policy mistake in the wake of the GFC by denying mortgages to families with modest credit scores, mortgages that we had been making without problems for decades. This crushed the starter home market and drove up rents (because people who formerly would have bought a starter home were forced into the rental market). Combine that with the housing shortage and you get the terrible situation we find ourselves in.

There have been state-level efforts to create a revolving financing mechanism to make up for the current broken federal policy around mortgage access. I hope you champion these ideas next cycle!

Donnie Jenck's avatar

You might wanna look into Oregon’s regulations regarding housing. It’s legal to have dormitory’s on a college campus. Why won’t they allow dormitory style housing for the general public? Just another of many Oregon regulations that create a more expensive housing market

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