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alstry (35.38)

Soon Home "Ownership" Will Be A Memory

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July 23, 2011 – Comments (1)

As wages crash and jobs evaporate in a technologically driven Udder World....

A boom in corporate profits, a bust in jobs, wages - Yahoo! Finance

Expect simply paying taxes, maintenance, utilities, and insurance for homeowers to become an increasingly difficult hurdle for millions of homeowners....and expect government to take ownership of more and more homes through foreclosure and tax repossessions.

Soon government will start renting homes as home values continue to collapse simply to keep residents in homes and prevent decay.....

http://www.calculatedriskblog.com/2011/07/reports-government-considering-renting.html

As more and more homes are rented by government, the economics of ownership will not pen out since government controls the rate of property taxes it can charge itself....and for some farsighted politicians, home rentals could become a massive source of ADDITIONAL revenues for government.

Further, the incentive for ownership declines in a technologically driven world as geography becomes less important.

As Alstry has said all along.....IT IS NOT THE END OF THE WORLD....simply the end of a world as you knew it.......and the beginning of a www.udderworld.com 

1 Comments – Post Your Own

#1) On July 23, 2011 at 6:55 AM, alstry (35.38) wrote:

THIS will only accelerate the process:

As Housing Prices Drop, Closing Costs Are Rising

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