American leadership allowed the rich to force more real homeowners into homelessness.
When you ignore the fact that rich individuals and real estate corporations are outbidding regular home buyers, you not only endanger new home buyers but generational homeowners. All one need do to verify this is look at property taxes across the United States as property taxes and insurance have increased the cost of owning a home beyond the means of far too many.
Imagine owning your home outright. You no longer owe the bank a dime, so all you have pay is the property tax and optionally homeowners insurance. You're retired, so you are living in a fixed income and a balanced budget. Instead of living off of your income, which increased over the years, you are living off social security and any investments you made and possibly a pension, 401k or IRA. No more money is coming in, but you have enough to live comfortably. You can pay for groceries, electricity and other utilities and your property taxes. This last expense however is at the discretion of some government beurocrate who neither knows you nor cares about your household budgetary situation. This beurocrate and the government has ignored the influx of cash only bids for homes in your neighborhood, so prices have skyrocketed. In many instances, the modest homes around you have been torn down and replaced with boxing monstrosities that look more like public libraries than houses. Your block has lost all of the character that made it appealing to your new rich neighbors, whether they be individuals, families or corporations. While these new homeowners can afford to pay the higher property taxes that the higher prices they paid caused, you cannot. On your fixed income, a 100 percent or more increase in the value of your home destabilizes the budget you have planned for your later years. Even cutting back on luxuries and necessities cannot make up the shortfall created by this unregulated housing market.
You must either sell your house and try to find a place that you can now afford but where would that be since everything has now become unaffordable? You could also try a reverse mortgage which would allow you to stay in your home to the end of your life, with one caveate: When you pass away, the bank gets your house unless you've paid off the reverse mortgage. Either way, the equity and wealth you hoped to pass onto your heirs is gone. Your family is pushed back to square one while some elite jackass or group or organization of jackasses have added to the wealth they don't need nor will ever use.
This group of elites have horded yet more of the nation's wealth, eliminating the freedom of yet more people and causing the economy to move that much closer to stagnation. You see, the more wealth, the greater the percentage of wealth removed from your economy and stockpiled in vaults that never open again, the less movement in you monetary system. It's like the game of Monopoly analogy as described in my book referenced below. It's like a body of water that has no circulation. An economy that is not moving begins to stagnate, allowing for the intrusion of parasites. And a motionless economy grows stagnant and useless to all but the worst actors. Housing is a big factor in the U.S. economy because it is probably the primary means for Americans to generate wealth, but that engine of growth is dying, as have other firms of wealth generation. This may be why the world no longer sees the U.S. as an aspirational goal but as a cautionary take for how to lose it all, dominance, respect, liberty, sovereignty and ultimately freedom. America is moving backwards into a neo-feudalism and feudalism is only one step away from slavery. This is not hyperbolic, it is fact. Look up feudalism and then look up the historical timeline to see what came before a feudalistic economy.
In 2018, I wrote a book highlighting the problems Humanity would face if more power, wealth, and control was funneled to a small group of elite individuals, groups, or organizations. In my book, I provided solutions (from myself and others) to the inevitable problems and also a means for the Public to analyze, compare, and contrast the words and deeds of those we choose to follow against reality. In my book Solutions: Enough complaining. Let's fix America.
In "Solutions...", I provide the means for readers to disseminate information as provided by their news sources of choice, their elected officials, and any other authority they choose to follow. The book also offers a means to hold their leaders up, not just to a higher standard than is currently accepted but to one that would improve their lives and the lives of those for whom they care.
