Ten years ago pawn shops and cash for our gold shops were stationed allover the hood. The crack era was dying down and alot of people were in prison and had left behind customized gold pedants, rings and chains. Family members weren't doing so good, even folks working full-time often had to make the choice to eventually pawn gold to pay a bill. Most of us didn't follow the stock market or understand the value of gold was going up while we were selling it at extremely low prices to companies that would melt it down and profit from our stressed out choices. The cash for gold industry swooped in and snatched up everything it could before disappearing from the landscape within several years.
Today one of the biggest ways money is syphoned from those on the lower income levels is rent.
Soaring Real Estate prices form an unspoken barrier between who will and who will not own a home in America. Those who cannot qualify for a loan or pay for a home with cash have no choice but to submit to a life of paying rent, which is a monthly payment for shelter with no investment returns.
How many people will be paying rent their entire life ? American real estate is based more on the whims and thrills of investors who can afford to buy up blocks of cheap houses, hold them for a few years and flip them. The market is definately not based on the needs and incomes of individual citizens. It seems pretty obvious there is an effort either on purpose or by defualt to create a society split between lifetime renters and property owners.
After paying rent and other expenses it's hard for one person to save up for a down payment depending on your city. Ohio has some of the cheapest real estate ( Homes for $20,000 and under) while cities like Seattle and San Francisco continually out price the working people with median house prices at $790, 000 and above. Cheaper states you can buy a move in ready home for $45, 000 but for whatever reason there is not a concentrated migration of people into those areas of the country, and those who grew up in those neighborhoods still have the mindset of wanting to escape and may not be able to qualify for a loan even if they wanted to buy a house where they grew up.
How many thousands of dollars will Americans pay as lifetime renters? What inheritance will they have to leave family members?
These are important questions. To break the chain it's up to certain populations to migrate to certain areas of the country and set up communities which can maintain the cost of real estate and block out opportunist investors. People who don't have or want children ( yes it is normal for a certain amount of people to not want or have kids) can play the important role of leaving real estate or money to nieces and nephews or other community members. Two income households must come into the fold which means people need to stop the endless cycle of sexual attraction based whoring relationships and pick someone to form a lifetime bond with so that we can start to own and take care of property that can be passed down to others.
The entire turn over for success could be less than two generations..but will anyone make the sacrifice to work together in unity to make it happen?
The truth is in order to change the current reality, people must refocus their needs from self needs to economic justice in order to leave a legacy of property ownership for future generations.
Peace and Love
Rose Quartz
Emily Imani is a Historian, Public Speaker and a Healer. She holds a Bachelor's Degree and Specialized Certificates in Engery Healing and Vibrational Medicine
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