Saturday, August 19, 2023

Living Indoors Made Affordable...

In 1999 the last of Glass-Steagall was effectively erased from the law of these United States; President Clinton's big, bi-partisan mistake.


The casino that is Wall Street was unable to access the biggest financial transaction that the vast majority of Americans would ever make, home mortgages, and that aggravated said casino beyond what little sanity was ever involved with the business on the, “Street.”


Since then the cost of living indoors has more than quadrupled while wages stagnated by comparison, making housing difficult to afford for a great many Americans; enter late fees and penalties (junk fees, to line the pockets of the casino's robber barons).


Also, the Great Recession of December 2007 was made possible... Inventory of homes, apartments and condominiums shrank, artificially, while demand remained reasonably steady... Justifying the pseudo-marketing rise in prices.


Those who support smaller government, when government doesn't benefit partisan Qpublicans and/or their benefactors, have quashed one element of life (living indoors) oft expected by citizens living in the nation with the largest economy in the world, these United States of America.


Democrats need be (re)elected to the Presidency and the US Congress in majorities large enough to re-instate the regulatory environment that makes home ownership more attainable, by restraining/regulating the unfettered pursuit of profit on Wall Street.


 

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