Has the American belief that we have a God-given right to own a home caused the current mortgage crisis?
Written By: admin on June 22, 2009
One Comment
I reckon this whole notion that we "have to own a home to have a worthwhile existence" is both moronic and now it is costing us as a society.
The rich and elite will end up owning all property like in Europe and we will be tenants.
Domestic Manifest Destiny and expansion is over. Let's wake up and smell the coffee.
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Tags: american mortgage, cleveland steamer, county politics, devcon europe, elite, elite guards, elite units, empire total war, europe, existence, fitness ball, foto artis, hotcore, manifest destiny, manohara, moms and dads, moronic, notion, osgi, political quiz, sustainable farming, utter absurdity, vague concept, wake up and smell the coffee, william engdahl, world prout assemblyTags: cleveland steamer, county politics, devcon europe, elite, elite guards, elite units, empire total war, europe, existence, fitness ball, foto artis, hotcore, manifest destiny, manohara, moms and dads, moronic, notion, osgi, political quiz, sustainable farming, utter absurdity, vague concept, wake up and smell the coffee, william engdahl, world prout assembly
I don't know that it has always been a 'right' to own your own home, but it certainly has always been 'the American Dream'. I believe that they (mortgage lenders) sort of went overboard on letting loans out to people who were 'risky' on paying and this is what caused the crisis, not that everyone must own a home. And yes, since houses double in value about every ten years, it is better to own than to throw money away on rent, but you don't have to have a real castle, as most people want. I don't live in a castle, but I do own my house free and clear—beats the HLL out of owing 600 or more dollars every month in rent. Domestic Manifest Destiny has been over for a couple of generations or more now, so that doesn't figure much into it. Pleased trails.