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No. of Recommendations: 1
canonian:

<If loan for houses go away, home ownership rates will likely drop and more people will become renters. France, Sweden, U.K. Japan, Austria, Germany, Switzerland all have lower home ownership rates that the USA. Doing away with purchase loans will not affect the cost of materials (unless far fewer homes are built) and likely will not much affect the price of land in the long-run.>

"You cannot compare those countries to the USA, we are completely different."

Are we really special snowflakes in the USA? "All the women are beautiful, all the men are strong, all the children are above average, and the streets are paved with gold."

"We would find ways to make it happen, it would spur new ideas and inventions." Would we. What is stopping anyone now?

Things could stagnate and renting might happen, unless we do away with that as well."

What happens with no loans for home buying and no renting? I suspect either a lot of homeless, anrchy, or much real property theft.

"The cost of a house is higher with a loan on top of the already ridiculous prices."

I cannot follow whatever point you are trying to make with this statement. Even if you shrink house sizes, and use less expensive finishes, materials still have a cost.

https://www.wayfair.com/storage-organization/pdp/cedarshed-2...

14' x 20' for $11,500, without land to place it, any utilities, or any interior construction.

"The reality is most tiny home builders spend anywhere between $20,000 – $60,000 on materials alone, or more depending on your preferences or the supply of materials. Building permits average around $1,350 nationally, although larger floor plans and more custom materials will raise that price."

https://www.rocketmortgage.com/learn/how-much-does-a-tiny-ho...

And still no land or utility connections.

People could buy a small camper for $20,000 - 30,000 - https://rv.campingworld.com/rvclass/small-camper-rvs but still need land to park and utilities, but I do no see many people doing that for their primary home either.

SFH is expensive and many.

"Each home looked the same in Levittown (N.Y. - Americas early suburb) — they were all built in the Cape Cod-style and featured the same floorplan. They each cost around $7,000."

https://www.insider.com/vintage-photos-levittown-suburbs-50s...

6,000 SF lot slightly less than 1/7 of an acre.

And 1950 $7,000 cost would be over $80,000 today, a sum many people could not pay at once without a loan

https://www.usinflationcalculator.com/

for a small house on a relatively small lot (that I am not certain many people would be happy with). 3 BR, 1.5 bath, one car garage maybe 1,200 SF

https://www.realtor.com/realestateandhomes-detail/71-Mill-Ln...

3 BR, 1.5 bath, 1,045 sqft; 7,150 sqft lot built 1948 for sale today at $529,999 (way more than the $80,000 + inflation equivalent

Regards, JAFO
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