Saturday, February 17, 2018

Assault

The economic assault on the well-being of average, middle class Americans is far advanced. Anecdotally, my airline guests on my hotel shuttle, one from New York and one from Hawaii, tells alarming stories of dingy, small houses going for $750,000.

Hawaii has a huge problem with working poor people that are homeless living in parks, abandonded industrial parks, etc.

The man from New York told me that the house in Manhattan, about 1,000 square feet, that he grew up in, and his parents bought in 1982 for $70,000, could now sell for $620,000 dollars with not much yard to speak of.

The poor have subsidized housing and the rich can afford any gentrified price, but the middle people are moving to New Jersey to find affordable housing.

There are solutions, but this hyper-inflation is not sustainable. People need to get out of debt and find ways to own their own home. It is getting harder and harder just to live.

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