The Phaserl


Mass POVERTY, Unemployment, & Mountains of Debt

from The Money GPS:

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1 comment to Mass POVERTY, Unemployment, & Mountains of Debt

  • Ed_B

    Re: Home Sales

    Yes, they are plunging but what matters most is that many of these sales are to investors who are buying them cheap so they can be fixed up and rented out and not to individual buyers. This is a very serious problem. Young people cannot put together enough money for a down payment these days, so can’t get a home loan and are stuck renting for years and years. Every bit of that rent is then lost because it does not become equity. This is yet another sign of the downward economic spiral in which we are currently trapped.

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