There are a vast number of people who rent;
Houses, small business, apartments, lot rent in trailer parks, so forth & so on….
Now when the owners needed more money for a new car, house, or the interest on the mortgage went up, so that company, could pay a higher dividend, show more of a profit, pay executives more, or cover a loss.etc.etc.etc…. The renter can no longer pay his or her rent.
So what do you do when can longer pay rent because, you need to pay for other things, to other people who, had to raise the prices, just a tad more, than the total increase of their business rent, interest rates on credit cards, mortgage, plus electric (because wall street thought oil was a good investment). Well someone will come along and offer you a home with a lower mortgage rate (a variable interest rate) than you pay in rent??? You take it, not realizing, on top of getting a variable ass-kicking, the money you are trying to save is going to the increase of food, gas, elect, medical, schools who also got varied.
And don’t get me started about any legal problems you might have like tickets, court cost, lawyers, ”government funded programs” which all have gone up 10% every year the last seven years. Mean while, your pay check shows a 30% increase altogether for the last ten. Any good news? YES! Embarrassingly you qualify for food stamps & welfare.
Before reganomics/trickle down I could afford a 2 bedroom apartment by myself working at Jack in the Box.
To prove my point since September 2008, when the banks suddenly needed money to cover their bad decisions, I had no late payments, interest rates went up. What was the reason?
Do you want to stop all this? CUT SHEER PROFITS.
All interest rates to 8%
Drop all rent 15% for living quarters, 20% for small business at the very least, rent should be no more than 3% above existing mortgage
Discount money owed to municipalities, limited time of course, everyone will try to get in on that deal to pay off what they owe for a fraction of the cost
Stop the money from trickling up, you will decrease government spending & taxes would paid quicker
If the cost living is adjusted everything else will fall in line.
G.O.P.? Greedy Old Politicians
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