Oct 8 2015
Renters are paying too much and their burden is only going to increase: How financial policies gouge working class Americans.
A recent report by Harvard University’s Joint Center for Housing Studies showed an absolutely dismal housing situation for Americans. Housing is unaffordable for most working class Americans. Sure you can take on a gigantic mortgage with a low interest rate and pretend all is fine but you are simply chaining yourself to the bank for […]
Oct 17 2012
Inflation by any other name – Rising rents have pushed up the CPI to highest monthly change in three years. Shifting the Fed bailouts onto the working class and poor.
The Consumer Price Index (CPI) attempts to measure the change in price for a basket of American goods and services. I say attempts because measures like the “owner’s equivalent of rent†are simply an estimation as to what a home owner’s place would rent for. In the early 2000s with home prices surging, it missed […]