You must conform to living in a box.
AUTHOR’S OBSERVATION:
Many people who once had decent incomes, and may have owned or hoped to own a house or start a business have slipped to the lower rungs of the economy.
In the future, we’ll all be Reuters....
“Progressive theorists, such as Ruy Texerira, have suggested that, in the evolving class structure, the traditional middle and working class is of little importance compared to the rise of a mass “upper middle class” consisting largely of professionals, tech workers, academics, and high-end government bureaucrats.”
Until your toilet backs up.
Thank the Federal Reserve, for fueling progressive, government-sponsored crony capitalism.
It could be that they will be renters.
They like to move around.
It doesn’t mean they will save any money. In my neck of the woods, rental prices are insane.
I can’t stand articles like this. I call it “victim porn”, and it is all utter nonsense. I have seen literally dozens of people go from poverty or hopelessness to prosperity by starting businesses, large and small. The opportunities in this nation are unlimited. The greatest evil Progressives have committed on this nation is to suck the optimism — the age-old American optimism — out of millions of peoples’ souls.
bull crap.
the totalitarians on both sides would love it b/c searches and lockdowns and mass removals and crap can be done far more easily when you’re in a living cubicle.
You must conform to living in a box.
it won’t be as bad as they think. they forget to factor in a huge segment of boomers will die the next few decades and houses will be inherited. some may sell but some will use them.
1. If you don't own your own home you're an idiot.
2. If you don't own rental property to supplement your current income and help provide for your retirement then you're an idiot.
3. When leasing out your rental property, make sure you don't rent to idiots.
Future? Try now. Even if you don't have a mortgage just see what happens if you stop paying property taxes.
Find the blame in the loss of 60,000 manufacturing facilities since 2000.
Quick! Buy rental property!
We’re all renters in 49 of the 50 states, now.
In 2000 it was 66%.
Some people are not fit to get out of bed and tie their shoes in the morning, let alone own property.
We are very close to the tipping point of producers vs parasites...and we may already have passed it.Once it is passed,in earnest,this nation will undergo a decline steep enough and complete enough that it will make Argentina's look like a picnic in the park by comparison.
Carlyle, probably the most politically well-connected private equity group, is buying trailer parks.
That tells you all you need to know about where the smart money sees the future of US housing.
http://www.zerohedge.com/news/2013-10-18/carlyle-group%E2%80%99s-latest-investment-trailer-parks