His heart is full of diversity
The Enemy of the People

The middle gets crushed

Yeah, I've heard several stories of professional couples who are begging mom and dad for money because they can't make their mortgage payments. If their hours are cut, then they'll be forced to sell. These are households making ~$150,000. Those making less are locked out of owning a house.

Fixed, low rates on debt for the 0.1%. Low supply of housing. Middle class forced to sell because can't pay mortgage. So, rents go up. The top 0.1% gets 5% from T-bills and increasing rent payments from the squeezed middle. Simple and diabolical.

Comments

Verify your Comment

Previewing your Comment

This is only a preview. Your comment has not yet been posted.

Working...
Your comment could not be posted. Error type:
Your comment has been posted. Post another comment

The letters and numbers you entered did not match the image. Please try again.

As a final step before posting your comment, enter the letters and numbers you see in the image below. This prevents automated programs from posting comments.

Having trouble reading this image? View an alternate.

Working...

Post a comment

Your Information

(Name is required. Email address will not be displayed with the comment.)