Hey y’all, I’m back again with a constructive and easy, bite sized forum post.
Today I want to explore the possibility of having different types of housing and how to afford it/obtain it.
Free market housing – Types of housing where the properties available are privately owned and freely sold/rented out.
Social housing – A type of housing where the district provides certain benefits on rent or price of property based on shortcomings or obstacles, including but not limited to: Children, low-paying job, disability or illness, etc.
Student housing/young adult projects: A type of housing where students and young adults get discounted rent rates.
Senior homes / senior living projects: A type of housing where seniors get a discounted rate (65+)
I imagine for Parafolk, just as many Humanfolk, paying for a $400,000 in one deposit is impossible. That’s why I’m
proposing the idea of being able to take out a mortgage if you have a full-time job, or a loan if you don’t (loans are with far more interest).
This will be important for families that are expanding but simply do not have the funds to move out to a bigger house.
Parafolk can inherit the property of their relatives if bought within the free market, but they will also inherit a mortgage if there is still one to pay off. The inheritance has to be set up previously, it isn’t an automated ordeal. So for example, Grandmother Bonnie has indicated that her son James will inherit her property. If you don’t tick the box with James, he will not inherit it when she passes.