What Blackrock is doing may be out of your control but your kids/grandkids future isn't. We all need to be setting aside money for our kids future that is protected. That's' the only thing that will give them a leg up going against this.
As of today, a family must make $117k/year to afford a median priced home in the US using traditional …
What Blackrock is doing may be out of your control but your kids/grandkids future isn't. We all need to be setting aside money for our kids future that is protected. That's' the only thing that will give them a leg up going against this.
As of today, a family must make $117k/year to afford a median priced home in the US using traditional metrics. The median US household income is $74.6k. There is no way young families can afford it and it's intentional.
Proverbs 13:22: "A good man leaves an inheritance to his children's children: and the wealth of the sinner is laid up for the just."
Those in their "golden years" might want to consider setting up protected trust funds for their kids/grandkids rather than blowing $80k on a BMW that will be worthless in ten years.
I like RFKs thoughts on housing.....we should be providing low interest loans to the people so that everyone can own a home. We should not be allowing Blackrock to buy them all up.
Something has to change as what's going on now is unsustainable and highly unethical. I'm really rethinking my entire outlook regarding real estate speculation and landlords in general. Supposed Christian Dave Ramsey is worth hundreds of millions, most of it in real estate. He's a huge part of the problem and is benefitting from the misery of others that he's helped price out of the market. Yet all is good because he gives some small part of his income to the church and gives people advice?
When did greed and selfishness become a Christian, or even American, values? How many seniors are sitting on a mountain of equity on oversized homes they bought thirty years ago for 5% of today's prices, but won't help out their kids/grandkids?
Blackrock makes a convenient boogeyman that depersonalizes just who are the villains here. We can try and pass laws against institutional and foreign purchasers (which if the government cared about actual Americans it would have done long ago) but people like Ramsey and his buddies will scream bloody murder that it's "communism". How dare the government not allow them to accumulate another hundred million.
What it will take is a change in perspective of the older generation towards their kids/grandkids. Baby Boomers don't get to accumulate all the wealth then pull up the ladder behind them. They were able to buy homes for $20k because of government policies that led to a housing boom and favorable financing. It wasn't because they worked hard and today's generation are lazy (as much as they like to tell themselves that is the reason). Housing is unaffordable for the vast majority specifically do to government and finance policies that put housing speculators ahead of average Americans.
What Blackrock is doing may be out of your control but your kids/grandkids future isn't. We all need to be setting aside money for our kids future that is protected. That's' the only thing that will give them a leg up going against this.
As of today, a family must make $117k/year to afford a median priced home in the US using traditional metrics. The median US household income is $74.6k. There is no way young families can afford it and it's intentional.
Proverbs 13:22: "A good man leaves an inheritance to his children's children: and the wealth of the sinner is laid up for the just."
Those in their "golden years" might want to consider setting up protected trust funds for their kids/grandkids rather than blowing $80k on a BMW that will be worthless in ten years.
Totally agree! We’ve invested in assets or tangibles, and knowledge; especially knowledge.
I like RFKs thoughts on housing.....we should be providing low interest loans to the people so that everyone can own a home. We should not be allowing Blackrock to buy them all up.
Something has to change as what's going on now is unsustainable and highly unethical. I'm really rethinking my entire outlook regarding real estate speculation and landlords in general. Supposed Christian Dave Ramsey is worth hundreds of millions, most of it in real estate. He's a huge part of the problem and is benefitting from the misery of others that he's helped price out of the market. Yet all is good because he gives some small part of his income to the church and gives people advice?
When did greed and selfishness become a Christian, or even American, values? How many seniors are sitting on a mountain of equity on oversized homes they bought thirty years ago for 5% of today's prices, but won't help out their kids/grandkids?
Blackrock makes a convenient boogeyman that depersonalizes just who are the villains here. We can try and pass laws against institutional and foreign purchasers (which if the government cared about actual Americans it would have done long ago) but people like Ramsey and his buddies will scream bloody murder that it's "communism". How dare the government not allow them to accumulate another hundred million.
What it will take is a change in perspective of the older generation towards their kids/grandkids. Baby Boomers don't get to accumulate all the wealth then pull up the ladder behind them. They were able to buy homes for $20k because of government policies that led to a housing boom and favorable financing. It wasn't because they worked hard and today's generation are lazy (as much as they like to tell themselves that is the reason). Housing is unaffordable for the vast majority specifically do to government and finance policies that put housing speculators ahead of average Americans.