Would Owner Financing Fly Here?

https://www.washingtonpost.com/news/wonk/wp/2016/05/13/why-a-housing-scheme-founded-in-racism-is-making-a-resurgence-today/

These practices are also called “lease options”. Buyers pay rent, with part of the money going towards building equity in the house. They have the option, but not the obligation, to buy after a number of years.

There is nothing inherently nefarious about lease options. Like the article says, these people can’t get traditional mortgages. And who’s to blame for that? The government of course. How many lawsuits has this administration brought against banks? I lost count. So banks are being extra super careful about who they lend to. Fannie and Freddie also tightened their guidelines.

I’d love to see looser credit. We have swung too far to the other direction. Time to get back to the middle.