[Toddsterpatriot]

Home ownership, which is at an all time high, is good if the houses are paid off. At the same time we know that American's savings rate is about 1% and they are mortgaged to the hilt much like the feds.

Household net worth is at an all time high, $51 trillion. Average home equity is 57.1%

Federal Reserve, page 110 of 124

The middle class will disappear and those homes that aren't paid off will become property of the government.

Under what fevered scenario do these homes become property of the government?

[nopardons]

Thanks for the link!

The tinfoil wearing doom&gloomers/THE SKY IS FALLING are out in force tonight. All emotion and no facts, appears to be their MO.

[raybbr]

Under what fevered scenario do these homes become property of the government?

This one: U.S. government-chartered mortgage companies Fannie Mae and Freddie Mac have foreclosed on at least 46 homes worth $4 million in the Laurel Woods neighborhood since 2002, according to an analysis of real estate data by The Sun News.