• doctorcrimson@lemmy.today
    link
    fedilink
    arrow-up
    27
    arrow-down
    1
    ·
    1 year ago

    Most people living paycheck to paycheck don’t qualify for a 20 year loan for land and a home even in the case of crappy manufactured homes. Plus, if they ever defaulted, they would lose the home and probably quite a bit of the equity as well, depending on local laws.