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Only bankers benefit from recent house price inflation


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2014 Sep 9, 10:56pm   904 views  2 comments

by golfplan18   ➕follow (1)   💰tip   ignore  

http://ochousingnews.com/blog/bankers-benefit-recent-home-price-inflation/

Higher home prices without higher wages makes housing unaffordable and only benefits existing homeowners and the bankers they owe money.

Source: http://ochousingnews.com/blog/bankers-benefit-recent-home-price-inflation/#ixzz3CuuxNr7x

#housing

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1   lahossain   2014 Sep 10, 5:31am  

I read the post, and it seems that Chris Matthews benefits handsomely by having a lifetime of earnings for his son guaranteed in rental income, as do his parents, excited that monetary expansion boosted their home values 100%.

I know we all want to believe statements like the title because we harbor loads of anger for those at the driving end of things--banks and the fed. But to not lay huge blame with the winning sheeple that are counting the increasing equity in the home values, is egregious denial of a fundamental actor in this whole problem.

Complicity enables.

2   mell   2014 Sep 10, 5:34am  

Yep.

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