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Welcome to the Third World, Part 14: Homeowners Become Renters

- John Rubino - Dollar Collapse

We've been renters ever since property taxes were invented. Welcome to serfdom.

Commented 3834 days ago

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Beginning of the headline :This morning's housing report was huge. As one representative headline put it: "Housing starts up sharply; permits highest since 2008." Dig just a little deeper and it's still huge, though in a different way. Turns out that all the increase was in apartment building, while single family homes -- the linchpin of what used to be thought of as the American Dream -- actually fell yet again. Here's a brief but on-point analysis from the New York Times: Housing Is Recovering. Single... Read More

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