Sunday, February 24, 2013

Let’s face it; Can you really afford to own a house or a car? It’s becoming something only the rich can afford


Owning items is becoming something of a luxury these days, especially for the younger population. While the parents of the younger crowd out there are sitting pretty in their hard fought paid for homes, the younger crowd are being shut out. Mainly because they just can’t afford the debt burden. This goes for cars as well. The younger crowd just can’t swing the debt as easily as their parents could. It’s becoming a luxury to do so. The few that are lucky enough to do so are either getting big time help from their parents, or they have hit the lottery.
Many adults can no longer afford their homes as well as a car. Just too damn expensive. If they are buying, they are mainly rich overseas investors looking to take what we once had. Many are snatching up all of America’s homes in the wealthier neighborhoods.
Even if younger Americans have well paying jobs they’re not buying. The American dream has been dealt a lousy hand as all of the Bankster cheating and BS has hit our landscape. Because of all of the exposed fraud that American banks have been involved in, causing our economy to crater, homes and cars are taking a back seat.
After all, when you have small business closing their doors at a monumental pace you have to ask yourself, how are you supposed to pay for these items? We have been fed a bunch of Gobble de Gook about how well our economy is picking up and how the housing starts are rising at a record pace.
I tend to differ.
American business closures so far this year: Only 26 days worth…..Not good
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Do not believe the BS you are hearing on the idiot boxes people. Obviously, as proved above, owning a home or car is becoming impossible.
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