Right. So if a population has no savings or investments, we can ensure that the third leg of the stool, equity, is also non-existent.
You need to live in densely packed cities, in high-rises so we can control your ass!
Signed, the Obama Administration and the Soros Project
The American Dream was overrated anyway... < /sarc >
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 America demands Justice for the Fallen of Benghazi! |
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So Salon thinks that financial independence is undesirable.
Somehow I’m not surprised.
Actually, we need faceless, cold apartment buildings controlled by the government who allots them out, first to good party members and then to others. See how welcoming and warm the will be by referencing North Korea, Russia and other workers paradises.
aye forget about the kids which you have, and they can inherit or live there , forget about having your own place. The American dream is now obamas dream which is to rent and never own
And how many of those “rentals” are Section 8 government subsidized? You can probably trace a direct correlation between growth of Section 8 housing and flight of home owners out of particular communities. Good luck on getting those stats from the government though.
The Obama’s promised to destroy the American dream and succeeded
Liberal elites gush over renting... and a ‘brown’ county... and not having ‘stuff’. It’s a fashion statement. Kind of like being ‘groovy’ was to the sixties. Shallow and ‘in’... superficial and silly... very ‘salon’.
Landlords can be demonized and taxed. Prop 13 in California wiping out a huge tax base would not have succeeded in a rental economy.
Tenants can be gifted with rent controls.
People care for homes they own...they don’t care for homes they rent.It’s that simple.Home ownership has been one of the main driving forces of prosperity here for 60+ years.
What a pant load. People aren’t buying because their credit is bad or non-existent, and they can’t afford downpayments. And they can’t count on keeping a job more than a year.
Home owners are stable, and less likely to vandalize, steal, rob, and do other stupid stuff.
Housing is expensive and comes with upkeep, utilities, taxes and maintainance.
Renting is stress-free and the difference is you pay a landlord to take care of all the things you don’t have time to do.
In our fast-paced and busy lifestyle world, that is very attractive.
this article is bs
Cities like Philadelphia have already cut property taxes to help longtime homeowners (who, by the way, stand to make a windfall off gentrification) stay put in their neighborhoods. But help for renters remains politically charged, in part because renting is still seen as a transitory stage — a life-step to be tolerated but not encouraged.
no one has cut my taxes ever. The only tax cuts here are for the rich. anyone buying a newly constructed 2,000+ square foot house with garage for $400,000+ gets a tax abatement for 10 years. My neighborhood has built hundreds of these houses in the last few years. none of the older houses sell because the yuppies buy the tax free ones and get a bigger house for the same mortgage. I’m waiting to see what happens when they try to sell. it will be a rude awakening at the realtors office. say bubble.
total bs article. and there are a lot of rental units in center city.
Massive rent increases to continue
The average annual increase of 3.9% is outpacing inflation and income growth. Will renters be priced out of many cities?
http://realestate.msn.com/massive-rent-increases-to-continue
Yawn. Once again the failures try to convince us that the steaming pile of poop they left for us is actually prime rib.