"What a revoltin' development this is!" ~ Chester A. Riley
Some startling, troubling news found its way into my ears during this morning's commute: "The housing market has a new frontier — turning foreclosed homes into rental properties. Some big-time investors are starting to buy up thousands of homes to turn into rentals..." As the NPR report droned in, I thought to myself, "The American Dream. Gone. We're headed toward collective housing - once a mainstay of Communist nations. Maybe more like 'Commune-ism', eh?"
Think about it. Put your life on pause and do a Rip Van Winkle for, say, 30 years. When you press play there will be little or no citizen-owned homes in the United States.
Remember how HMO's proliferated along with the Health Insurance industry during the late 70s-80s-90s? A product that had no point until the powers-that-be demanded it exist. Before that, going to the doctor or emergency room was relatively cheap. But greed found a way to "insure" the whole doctor-visiting process, and look where we are now.
Housing is next. Mark my words. Your children and your children's children will never enjoy the pleasure, pride, or sense of accomplishment associated with home ownership.
I envision some sort of "housing exchange" that will dictate where people will live.
They'll pay rent - LOT$ of rent - more than your monthly mortgage payment - to some big company like WalMart or AOL or even maybe Google - some conglomerate we're all familiar with now - an operation that will own thousands upon thousands of what once were private family homes all across the States of America.
Tags: for rent, House For Rent
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