Re:62% of Americans Have Under $1,000 in Savings, Survey Finds
by ghaff on Friday October 09, 2015 @05:48AM
(#10359046)
I'm really not sure how this thread turned into a honeypot for "Kill the landlord" types. Especially given how things turned out the last time public policy decided to make it relatively easy to get mortgages even for people who were a bit shaky on being able to make regular payments and cover upkeep.
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Re:62% of Americans Have Under $1,000 in Savings, Survey Finds
by branchless on Friday October 09, 2015 @07:52AM
(#10359420)
Again this is totally the wrong end of the stick. We have loose credit, that's what rentiers love. Credit is a claim on your labour and they can issue it with zero effort.
Sub-prime hurt the poor, since 2008 with QE we've seen the gap widen as more banker credit is created and flows into land prices.