Posted on 06/05/2024 10:08:24 PM PDT by SeekAndFind
They seem to forget that renters are historically more financially vulnerable than homeowners. Its not a new phenomenon.
well, they are paper profits. But tons of homeowners are paper millionaires, which is still a hell of a lot better than the poor renters who all have negative net worths dropping by the minute.
Most people don’t understand inflation.
Even at the average 3% inflation rate, if your net worth is not DOUBLING every 20 years, you are falling behind and don’t even realize it.
WHAT PANDEMIC MONEY? WE DIDN’T GET A DIME. We paid the house off several years ago, and a new H/Vac system and storm damage resulted in a new roof, upgraded out of our pockets. Property tax doubled. As did the assessment, and insurance, home/earthquake are equal but separate.
More, gas and food are up.
We are Medicare/Tricare Life, those have gone up, and coverage down.
Inflation + Wage suppression policies have been wrecking our country for generations.
It’s not good for business when 50% of the population can’t afford basics or buy their products.
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