Letters to the Editor
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Facinating
This way, for everyone who can't afford to buy a house (a growing number, especially in the Northeast where housing prices are still outrageous even after YEARS of declining home prices) can be kept by corporations running after every little scrap and crumb they decide to throw us, or which happens to fall from their great big mouths.
Well, I have had to realize that home ownership will not be in the cards for me (especially after my husband's serious health problems have put us into serious debt, and we're insured!) but it is fascinating to me how the powers that be can change on a dime when it suits them. A few years ago, when housing prices were on fire, and people were flipping houses trying to turn a home into a bundle of money, we were told be better get one of those sub-prime adjustable rate mortgages with no money down so we can get into a house and start building wealth. We sure needed to do that, when they needed someone to buy their houses, that was the line. Remember the "ownership society" and even Salon ran an article about how you should buy a house even if you can't afford it because the worst that can happen is "the bank will take the house back."
Now that housing prices are so ridiculously high only the well off can afford them, we are told, not to worry, it is better for us to be at the mercy of employers and landlords.
Come on people can we stop looking at real estate as an investment and look at it as it should be looked at, as piece of the earth we are responsible for (do not own, how can you own your mother - earth?) to nurture and enjoy as it nurtures and enjoys us until we pass.
Sorry, I was just dreaming of a better world again.