Housing Markets Pricing Out Middle Class - Yahoo! News
Housing Markets Pricing Out Middle Class - Yahoo! News: "'Many people are paying well over 50 percent of their income for shelter. It leaves no money for savings or sometimes even for recreation.'"
So, quite simply, unless you inherit a house, don't consider buying one. Isn't it great that a college education can now get you a mere apartment? yay!
Consider the indirect ramifications of this, though: With a horde of people no longer able to buy a house, it means more people will be renting homes. That means more apartment complexes need to be built - tomorrow's slums - but also that lower-income folks will soon be pushed out of the running for an apartment of their own, even. Back to the projects, then?
Now, in America, even your apartment is little more than a disposable shelter, really, for you can bounce around more easily than before. With everyone living in their disposable little box, rented by the month and identical to a million others, do you think we'll all invest the time to get to know our neighbours? I don't expect it. How about investing the time to vote, speak out, learn, read or discuss issues? Nope, I don't think we'll be doing much of that any longer. Unfortunately, the economy seems to be linked to our well-being more than expected.
So, quite simply, unless you inherit a house, don't consider buying one. Isn't it great that a college education can now get you a mere apartment? yay!
Consider the indirect ramifications of this, though: With a horde of people no longer able to buy a house, it means more people will be renting homes. That means more apartment complexes need to be built - tomorrow's slums - but also that lower-income folks will soon be pushed out of the running for an apartment of their own, even. Back to the projects, then?
Now, in America, even your apartment is little more than a disposable shelter, really, for you can bounce around more easily than before. With everyone living in their disposable little box, rented by the month and identical to a million others, do you think we'll all invest the time to get to know our neighbours? I don't expect it. How about investing the time to vote, speak out, learn, read or discuss issues? Nope, I don't think we'll be doing much of that any longer. Unfortunately, the economy seems to be linked to our well-being more than expected.
posted by Westley | 11:26 AM
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