<story><title>First-Time Buyer Lorenz Curves (2020)</title><url>https://doodles.mountainmath.ca/blog/2020/09/28/first-time-buyer-lorenz-curves/</url></story><parent_chain></parent_chain><comment><author>reedf1</author><text>As a young person on the horizon of starting a family the only reason I want to buy in my country (UK) is due to how renters are treated. I&amp;#x27;ve had a total of five landlords in my young life - and they have all (and I understand this is anecdotal and not everybody&amp;#x27;s experience) been different shades of exploitative&amp;#x2F;incompetent. I don&amp;#x27;t want to have to live with the boot heel of some lucky idiot on my neck. I don&amp;#x27;t want to have to have my day-to-day life beholden to the bizarre whims of a random who doesn&amp;#x27;t need to prove that they are sane, competent, or empathic enough to be a landlord.&lt;p&gt;Renting is not a functioning market in the UK, the quality of the landlord is now my biggest concern and this information is kept completely hidden. If I was a policy maker I would implement a landlord license and setup an independent review site for those landlords so that tenants can leave reviews of their tenancy.</text></comment>
<story><title>First-Time Buyer Lorenz Curves (2020)</title><url>https://doodles.mountainmath.ca/blog/2020/09/28/first-time-buyer-lorenz-curves/</url></story><parent_chain></parent_chain><comment><author>turbinerneiter</author><text>I&amp;#x27;m in the top 30% income bracket in the country I live in. I would need to spend 2&amp;#x2F;3 of my monthly income for 30 years on a mortgage to buy a 3-room flat (for a small family) in the city I live in. But first I need another ~3 years to save enough for the down payment.&lt;p&gt;It feels monumental and I think I will rather move to the countryside (grew up there anyway) and try to find another job there. I can build a big house there for half the price of a 3 room flat here.&lt;p&gt;I honestly don&amp;#x27;t know that to tell the lower 50% of the income bracket. They have no chance in this game. They will perpetually have to pay rent, distributing 1&amp;#x2F;3 of their income to someone richer than themselves.</text></comment>