Half of U.S. Homeowners and Renters Struggle to Afford Their Housing Payments

[YoDoug]

"...Capitalist Greed..."

FFS... that is such horseshit!

No other economic system on the planet has brought more people out of poverty than capitalism. You want.to blame corporatism, consumerism, etc... fine. Don't blame capitalism. That's just fucking ignorant. And moronic.

You get so triggered, like I just blew into some magical conservative dog whistle. I did not say Capitalism is at fault. I agree that capitalism is good and has created a better outcome. However I'm not blinded by conservative talking points. I said capitalist greed. Those two words together change the meaning. In a free capitalist economy without self regulating morals you end up with capitalist greed ruining markets/segments. As I said I'm not really for gov regulation, but used sparingly, it can keep markets stable. Your all or nothing "capitalism good" is part of the problem. The ultra wealthy are LOLing at your rage defending their practices while they figure out how to continue to destroy the middles class for their benefit.

[mowens]

My daughter and her husband just bought a house in Ohio for around 330,000. After a search, I saw.that 4 years ago the same houses in her neighborhood were going for under 200k

[neurosis]

81 mill voted for your man Creepy Sleepy Buyed-In

My man?  Where did you get that 

You must have been talking to Incog? 

[mkd]

That is the real issue, capitalist greed.

Dude, that's horseshit. Higher price is a signal to the players of the need. Commies complaining of a robust home buyers seem oblivious to supply..or the governments resistance and regulation of building more affordable homes. 1500 sq ft homes have been virtually outlawed in california through onerous regulation.

[YoDoug]

Dude, that's horseshit. Higher price is a signal to the players of the need. Commies complaining of a robust home buyers seem oblivious to supply..or the governments resistance and regulation of building more affordable homes. 1500 sq ft homes have been virtually outlawed in california through onerous regulation.

Ahh the Reko Jr. free market guy chimes in. I knew it wouldn't long.

[mkd]

It certainly did burst back in 2008, and it looks like it could happen again. 

We aren't very good at learning from our past mistakes because we seem to repeat quite a few of them. 

yeah that not gonna happen. This is more like the price boom of the late seventies inflation. Anyone with a heartbeat cannot just get a loan for the last 20 years, as was the case, through gov't fiat, prior.

[mkd]

Ahh the Reko Jr. free market guy chimes in. I knew it wouldn't long.

you're smarter than me, so you, shirley, planned it that way.  
 in light of this fact, curious why you'd give any credence to such articles and their commie talking points.

 i came across a reddit post recently about a new yorker complaining of the condition of her rent controlled apartment, the lwasuit against the landloard based on lack of mainenance, and contemplating what to do with her $250k income.
 Irony meter pegged.

[YoDoug]

you're smarter than me, so you, shirley, planned it that way.  
 in light of this fact, curious why you'd give any credence to such articles and their commie talking points.

 i came across a reddit post recently about a new yorker complaining of the condition of her rent controlled apartment, the lwasuit against the landloard based on lack of mainenance, and contemplating what to do with her $250k income.
 Irony meter pegged.

I wouldn't try to say whether or not I am smarter, just that I am smart enough see to how greedy capitalists with lots of capital can manipulate markets (supply/demand) to their benefit. Housing is a geographically limited commodity. You can only build so many homes where the people live and work. Greedy capitalist corps see this and say if we buy up enough houses it will effect supply. We also can rent them out and skew rental prices in our favor. Then when housing prices skyrocket we can sell some of them slowly at the inflated prices and make more money. Is it illegal, no. However it is how greed and lack of morals hurt free markets.

[CNCAppsJames]

You get so triggered, like I just blew into some magical conservative dog whistle. I did not say Capitalism is at fault. I agree that capitalism is good and has created a better outcome. However I'm not blinded by conservative talking points. I said capitalist greed. Those two words together change the meaning. In a free capitalist economy without self regulating morals you end up with capitalist greed ruining markets/segments. As I said I'm not really for gov regulation, but used sparingly, it can keep markets stable. Your all or nothing "capitalism good" is part of the problem. The ultra wealthy are LOLing at your rage defending their practices while they figure out how to continue to destroy the middles class for their benefit.

Try human nature ruins things. It has nothing to do with Capitalism. You watch too many Michael Douglas movies.

I'm LOLing at your use of "government regulation sparingly". When the fuck has that EVER happened and it didn't end BADLY?

I mean shit Doug, I took you for an intelligent man. Perhaps I was being too kind. Government NEVER does ANYTHING sparingly. They come after whatever they want with extreme prejudice. Especially your rights.

"...Dog whistle..."

:sigh:

Whatever man... whatever.

[YoDoug]

Try human nature ruins things. It has nothing to do with Capitalism. You watch too many Michael Douglas movies.

I'm LOLing at your use of "government regulation sparingly". When the fuck has that EVER happened and it didn't end BADLY?

I mean shit Doug, I took you for an intelligent man. Perhaps I was being too kind. Government NEVER does ANYTHING sparingly. They come after whatever they want with extreme prejudice. Especially your rights.

"...Dog whistle..."

:sigh:

Whatever man... whatever.

I would fully agree that gov never shows any self control. Even more they do what the highest bidder wants which is not the voter.

Capitalism is amoral. However as you stated human nature ruins it. AKA, greedy capitalists. Are you not capable of understanding that when I say that I am not blaming capitalism, I'm blaming the greedy capitalists. We can't just keep defending the immoral behavior of greedy capitalists because "capitalism good". It doesn't have to be an all or nothing answer.

[gcode]

Capitalism is amoral. However as you stated human nature ruins it. AKA, greedy capitalists.

We are all greedy capitalists

[neurosis]

. It doesn't have to be an all or nothing answer.

How long have you been posting on emc?  Everything is black and white and nuance isn't allowed.

[YoDoug]

We are all greedy capitalists

That's like saying because we are all sinners that we should legalize and normalize every sinful thing.

[neurosis]

The discussion gets too complicated when you ask "what can be done about this".

Let it go until everyone is fucked seems to be the path of least resistance?

 

[CNCAppsJames]

That's like saying because we are all sinners that we should legalize and normalize every sinful thing.

No, it's is merely an acknowledgment of our human nature, and that is must always be put in check.