Ifishandlie said:
Sully Dog said:
Ifishandlie said:
All I know about reservations is no one will give them credit. They buy a car and take it to the reservation and it can't be repoed. Same for anything they buy and take home. It's a big joke.
This is a big problem. When you go on to reservations, at least the ones I'm familar with, everyone lives in trailers. The reason why is since the land is owned by the tribe no one can get a home loan. This has a huge effect on the economy of the tribes:
- your home is the number 1 way that families accumulate generational wealth. No wealth can therefore be passed down generationally
- You are paying for a product that losses value over time
- Without an actual house, and because they lose value no one invests in renovation or bettering their property ie, limited work for plumbers, contactors, and blue collar jobs
- summation, socialism sucks
I guess the answer is stop ripping off creditors and you could get a loan. Build a home etc
Seems simple
No, it's not about ripping people off. It's that the land doesn't belong to them. It belongs to the tribe and can't be repo'ed. There for there is nothing to secure the loan. Imagine asking a bank for a loan to build a house on land you don't own, and can offer nothing to secure the loan. Even honest people can't get a loan.
Deplorable Neanderthal Clinger