THE POS REPUBLICAN DREAM KILLERS
The "American Dream" of buying a house and providing your kids with a good place to live and a decent start in life was dependent upon being able to get a 30-year mortgage and progressing in life - through hard work - to slightly more money every year...that is, the American Dream (to include home-buying) depended upon job security and getting some kind of reward for the effort you put in and the expertise you gained at work.
When the Republicans implemented "flood-up/trickle-down" economics, they incentivized those who had the power to affect wages and salaries to divert ever more to themselves ('cuz they weren't going to lose it to a progressive tax system anymore!) rather than distribute additional revenue from productivity gains, new product ideas, or whatever in wages and salaries.
That initially caused those few with that power to suppress wages and salaries - but then they had the bright idea of eliminating American workers altogether in favor of artificially low-cost offshore labor. And since they had the liquidity now (thanks to "flood-up/trickle-down" economics) they bought inequitable free trade from their willing (for a multitude of reasons, but typically simply because of greed) political proxies.
The end result? No pay raises, no job security. Buying a home now is gambling not only that you will be working with the same company in ten or a dozen years, but that you will be getting something in the way of pay raises over the years...
That is an extremely bad gamble to make, because every time the greed barons on Wall Street look at an American-based company they say "Acquisition target!" (resulting in a merger or acquisition and "eliminating duplication of effort" or "streamlining" - that is, your job is gone) or "Unwieldy cost structure!" and Poof! the corporation goes offshore (again, your job is gone).
When Wall Street says "Frog!", America's CEOs jump because they get paid in stocks and "flood-up/trickle-down" economics makes 'em want to rake it in as fast as they can.
Don't you get it? What is the point of buying a home if some greedy suit is going to kill your job in a year? Ten, at the max? At which point you know the bank will take your home, and every dime you invested paying $1200 a month (and that homeowners insurance, and those real estate taxes, and the money you spent fixing it up...) for however many years will just be...gone.
Home ownership for the many in America is a dead paradigm. The Republicans killed the American Dream...
The "American Dream" of buying a house and providing your kids with a good place to live and a decent start in life was dependent upon being able to get a 30-year mortgage and progressing in life - through hard work - to slightly more money every year...that is, the American Dream (to include home-buying) depended upon job security and getting some kind of reward for the effort you put in and the expertise you gained at work.
When the Republicans implemented "flood-up/trickle-down" economics, they incentivized those who had the power to affect wages and salaries to divert ever more to themselves ('cuz they weren't going to lose it to a progressive tax system anymore!) rather than distribute additional revenue from productivity gains, new product ideas, or whatever in wages and salaries.
That initially caused those few with that power to suppress wages and salaries - but then they had the bright idea of eliminating American workers altogether in favor of artificially low-cost offshore labor. And since they had the liquidity now (thanks to "flood-up/trickle-down" economics) they bought inequitable free trade from their willing (for a multitude of reasons, but typically simply because of greed) political proxies.
The end result? No pay raises, no job security. Buying a home now is gambling not only that you will be working with the same company in ten or a dozen years, but that you will be getting something in the way of pay raises over the years...
That is an extremely bad gamble to make, because every time the greed barons on Wall Street look at an American-based company they say "Acquisition target!" (resulting in a merger or acquisition and "eliminating duplication of effort" or "streamlining" - that is, your job is gone) or "Unwieldy cost structure!" and Poof! the corporation goes offshore (again, your job is gone).
When Wall Street says "Frog!", America's CEOs jump because they get paid in stocks and "flood-up/trickle-down" economics makes 'em want to rake it in as fast as they can.
Don't you get it? What is the point of buying a home if some greedy suit is going to kill your job in a year? Ten, at the max? At which point you know the bank will take your home, and every dime you invested paying $1200 a month (and that homeowners insurance, and those real estate taxes, and the money you spent fixing it up...) for however many years will just be...gone.
Home ownership for the many in America is a dead paradigm. The Republicans killed the American Dream...
