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Originally Posted by aceventura3
Are they suggesting that people who can not afford to buy a home don't live in communities?
Its about a special intrest group tax break.
My dad was almost 40 before he bought his first home. I have never met a more honest, hard working man than he was, regardless of his name being the deed or not. The tax code actually made it harder for him to become a homeowner.
Opps I broke my promise. This is really the last time. Go Hilary in '08!
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No, renters don't care about communities in the same manner that homeowners do. They don't normally care about even the place that they live within. Renters are TRANSIENT by the nature of the fact that they do not have a vested interest in the local community any more than someone coming to visit.
A homeowner cares normally cares more about the community because the price of their property depends on it. If they neglect the community and others do as well then the prices of homes will dip within that area.
There are plenty of first time buyer programs to help people buy their first property. Maybe your father should have looked into that when he was in his 30s.
FannieMae and other government programs want homeowners because they care more about their community than renters.
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