Earlier quoted context omitted.
Such houses do not exist. A minimum wage dish washing job barely pays enough to eat off of. Your gross take home from a minimum wage part time job is $145/week. Before all taxes and deductions. You can’t afford a closet is crack hiuse on that “salary” even in the boonies. Even in my LCOL areas places that were like $400/month 5 or 6 years ago are over $1000/month.
I think you missed the thread - we're making it nearly impossible for someone to own a rental, it would flood the market with purchasable homes - cratering home prices potentially making the medium drop from $400k to $100k (at least for a certain class of homes), create programs for homeless people to get loans - some kind of step-up, combined with a job, and the homeless would suddenly be home owners and become peop…
In case, if the market value drops, well, rich people will just buy them.
If you’re currently in a “$300k” home and can buy a “$400k” home for $100k… like how do any of these numbers make any sort of sense?