I am genuinely curious to understand what you mean by “make home ownership as simple as renting” as I can see both ways that it is, and I can see ways that it is far more complex with good reasons, so I’m curious to understand your perspective here. I’m also curious your reasoning for banning loans for private home ownership and how you would make up the difference in services in the absence of property tax revenue (as in my area, property taxes pretty much go directly to schools, police, and fire).

I think the first idea alone would be highly beneficial. If someone could read one page and actually understand what they are getting into.

Maybe an additional required indicator on that page of “is purchasing this home a good financial decision for the purchaser given their income” on a scale from 0-10.

Just a month ago I saw a coworker get screwed financially on a home purchase. And now with a recession knocking on the door, oof.

As I look at home purchase contracts every day, to me they are really simple - in most states, they are a standardized fill-in-the-blank form. So is it the contract or the mortgage docs that are concerning here?

I’m curious to better understand your co-workers situation as well - was it a case if overextending themselves or caveat emptor on some part of the transaction?