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

- John Rubino - Dollar Collapse

"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."

Oh how they love to toy with our minds. One of the best things I ever did was pay off my mortgage 20 years ago. There are a number of investment advisers (he says with tongue in cheek) that are actually advising older homeowners to sell their homes and rent. While I understand that rationale to some extent, (older folks have trouble with routine maintenance) it just doesn't make good sense to me. More than a million retirees have sold their paid off homes and gone mobile, with a motor home, another move I just can't wrap my mind around.

A lot of these renters lost their homes via default and you are right, it's another great way to keep track of the population ... make them more dependent on government handouts, like section 8 subsidies and the like when the dollar collapses.

Keep up the good work ... great info and thanks for sharing it.

Commented 3833 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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