Homesteading act could still be applicable in modern times. Ownership of real pr... | Hacker News

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		evjim on Nov 27, 2017 \| parent \| context \| favorite \| on: American Equity Homesteading act could still be applicable in modern times. Ownership of real property is low and a large part of most American's budget. If people didn't have to pay rent and mortgages every month, everybody but banks would be wealthier.

refurb on Nov 27, 2017 [–]

Not sure it would do a low income person much good to own 50 acres in the middle of nowhere.

evjim on Nov 28, 2017 | [–]

Not 50 acres. Give people a quarter acre to 10 acres. So they could still live in or around a small town.

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