You can blame this on the globalists who have consistently dropped your wages through immigration.
because it makes no financial sense. You are renting from govt, on the hook for all the repairs, taxes, insurance, risk in exchange for depreciating asset. In exchange you get to live in the same place for the rest of your life.
Fed prints dollars out of thin air, charges taxpayers for the privilege, and gives it to crony Banks.
Banks give mortgages to anyone with a pulse, including Pajeet and Pablo who will pack the house with a dozen people and ten cars in the driveway.
Responsible savers who refuse to go into half a million in debt get priced out and stuck renting.
Economy shits the bed, recession hits, banks foreclose on Pajeet and Pablo because they can no longer make the payments.
Responsible savers get fucked again by being forced to bail out the banks with their taxes, who will then turn around and print even more dollars and start the cycle all over again.
housing is too damn expensive
Allodial title constitutes ownership of real property (land, buildings, and fixtures) that is independent of any superior landlord.
In the United States, the land is subject to eminent domain by federal, state and local government, and subject to the imposition of taxes by state and/or local governments, and there is thus no true allodial land.
From Wikipedia for any potential house buyer. Sums up quite succinctly exactly what it is that you're going to 'own'
Has more to do with the young people buying experiences vs. The Security of home ownership. They want "stuff" more than substance. I imagine they are waiting for their parents to also leave them everything they worked and saved for. When they are old they will sit in their rockers in public housing...wondering how those expensive experiences will keep them warm and sheltered in their old age.
Your ass set is the why of depreciation.
Sub Prime Lending is on the rise. Beware.
Grandiose speeches, and sophistry are the basic tools of charlatans .. just witness the disgusting, lying democrats in Congress .. its obvious. Fraudulent politicians engage vigorously in semantics and sophistry, but deliver nothing of any real value.. they don't care about humanity, they're a flash in the pan, they have no clue what the future holds, and they are just trying to enrich themselves... when they get a real contributor, like Trump, they attack relentlessly, lest they be exposed as the worthless louts that they really are.. and deprived of the riches they garner through insider trading and graft and corruption.
How can Maxine Waters be in Congress? Absolute insanity. How can Shiff and Pelosi and Nadler be looked to as leaders by anyone? You have to be a very stupid person to believe that..
It's the flocking to urban area that's caused this. Homes are still cheap outside of cities where you might have to forgo a Starbucks and night club for a pub and local Cafe. The metropolitan lifestyle is collapsing.