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Title: Unaffordable Housing in America
Source: by author
URL Source: [None]
Published: May 26, 2016
Author: Stephen Lendman
Post Date: 2016-05-26 11:42:33 by Stephen Lendman
Keywords: None
Views: 653
Comments: 28

Unaffordable Housing in America

by Stephen Lendman

According to the National Low Income Housing Coalition (NLIHC) report, titled “Out of Reach 2015,” income inequality in America makes housing increasingly unaffordable.

“(I)n no state, metropolitan area, or county can a full-time worker earning the prevailing minimum wage afford a modest two-bedroom apartment,” it said.

At $7.25 an hour, the federal minimum wage, it would take 112 hours a week, 52 weeks a year, meaning all work and sleep with no time for anything else.

Stagnant wages, declining benefits, high inflation (8.8% according to economist John Williams, not the phony 1.1% CPI), and protracted Main Street Depression conditions created a deplorable situation for growing millions.

Not only isn’t America beautiful, modestly priced housing is increasingly unaffordable. According to NLIHC president and CEO Diane Yentel, “(t)he federal government has the resources to end the shortage of housing affordable to the lowest income families.”

“It is simply a matter of how those resources are allocated. Instead of subsidizing the mortgages of higher income people, we must invest in making rental housing more affordable and available to those most in need of assistance.”

Trillions of dollars go for warmaking and benefits for America’s privileged class. Most others are increasingly on their own. Millions are one lost paycheck away from hunger, homelessness and despair.

The world’s richest country cares little about its most disadvantaged, why poverty is a growth industry and one in four working aged Americans have no jobs. Potemkin village illusion conceals reality.

In contrast, million dollar book deals and 6-figure speech payments await Obama when he leaves office in January - already very rich, about to become super-rich, cashing in on serving monied interests throughout his tenure, waging class war on most others.

Problems affecting ordinary Americans don’t concern him. An affluent lifestyle awaits. Reportedly he’ll move into an 8,200 square foot, 9-bedroom luxury home in Washington’s upscale Kalorama neighborhood, two miles from the White House.

Former Clinton aide Joe Lockhart owns the mansion. Obama will pay $22,000 in monthly rent. It would take an average low-wage US worker up to 12 or more years to cover its annual rental cost - provided he or she didn’t eat, own a car or have medical, transportation, or utility expenses.

The community is home to Washington’s political elites. Former presidents William Howard Taft, Woodrow Wilson, Warren Harding, Herbert Hoover and Franklin Roosevelt lived there.

In March, Obama said he’ll remain in Washington at least until his youngest daughter finishes Sidwell Friends School - uncaring about the global human misery he caused, unaccountable for war crimes too appalling to ignore.

Stephen Lendman lives in Chicago. He can be reached at lendmanstephen@sbcglobal.net.

His new book as editor and contributor is titled "Flashpoint in Ukraine: US Drive for Hegemony Risks WW III."

http://www.claritypress.com/LendmanIII.html

Visit his blog site at sjlendman.blogspot.com.

Listen to cutting-edge discussions with distinguished guests on the Progressive Radio News Hour on the Progressive Radio Network.

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Begin Trace Mode for Comment # 12.

#2. To: Stephen Lendman (#0)

“(I)n no state, metropolitan area, or county can a full-time worker earning the prevailing minimum wage afford a modest two-bedroom apartment,” it said.

Anybody is free to move to Detroit and buy a fixer-upper HOUSE for less than $100

X-15  posted on  2016-05-26   13:58:26 ET  Reply   Untrace   Trace   Private Reply  


#3. To: NeoconsNailed, BTP Holdings, Lod, Artisan, X-15, (#2)

What we need a Free Trade Zone law for urban areas. We exempt Chinese companies from US laws so they will employ Americans and ship products to China to make our trade deficit look better. Venezuela is doing that with farm land so they are shipping out their rice and beans while the natives are rioting for food.

We can have an Urban Trade Zone for whites to colonize Detroit. We could buy up 10,000 homes at less than $1,000 each. Exempt the new residents from US laws regarding segregation, firearms, vaccinations and education. That way they could have segregated schools and allow white 8 year-olds with training to carry weapons. The whites would be exempt from Detroit and Michigan taxes. Maybe we could post snipers at the entrance areas and shoot into black Detroit at anyone bothering whites. Or have white soldiers on patrol in black Detroit who would treat the locals exactly like Israelis treat Palestinians.

To have this work whites who take SSRIs and other dangerous drugs could not move in.

Horse  posted on  2016-05-26   14:51:46 ET  Reply   Untrace   Trace   Private Reply  


#5. To: Horse (#3)

We could buy up 10,000 homes at less than $1,000 each

I actually took 2 days last year & looked at houses in Kansas city MO & KS that costed literally $3000 to $7000 each. It was surreal walking thru these places and neighborhoods. It was like some sort of futuristic burnt out Mel Gibson or will Smith movie. I've never seen anything like it and will never forget it. What a scandalous, shocking shithole this nation has become.

Artisan  posted on  2016-05-26   19:50:10 ET  Reply   Untrace   Trace   Private Reply  


#7. To: Artisan, noone222 (#5)

What a scandalous, shocking shithole this nation has become.

Don't forget that Doug took a little walk in Detroit after he returned from Vietnam. He said Detroit was more dangerous than Vietnam.

Now they want to trade with the Vietnamese. And the U.S. Navy may soon be back at Cam Rahn Bay to dissuade the Chinese in their imperial expansion in the South China Sea. ;)

BTP Holdings  posted on  2016-05-26   21:37:45 ET  Reply   Untrace   Trace   Private Reply  


#12. To: BTP Holdings (#7)

I can't believe you remembered that ! It appears that the Muslims have moved in and may have taken Detroit over.

noone222  posted on  2016-05-27   4:30:22 ET  Reply   Untrace   Trace   Private Reply  


Replies to Comment # 12.

#15. To: noone222 (#12) (Edited)

I can't believe you remembered that ! It appears that the Muslims have moved in and may have taken Detroit over.

My memory is returning slowly. Maybe they will start building mosques in Detroit.

You know some nut called me a couple of years ago and told me I was in the National Guard. I said, "Nope." Then he said, "Then you worked for the National Guard." I said, "Not at all. Where are you getting your information?" When they get your name, they think they know everything about you. ;)

The Detroit Red Wings will keep playing as long as the whites in suburban Detroit have the money to go to the games.

BTP Holdings  posted on  2016-05-27 06:59:27 ET  Reply   Untrace   Trace   Private Reply  


#21. To: noone222 (#12) (Edited)

It appears that the Muslims have moved in and may have taken Detroit over.

That is really something. It is like when the Mexicans moved in to Jasper, the blacks moved out. The Mexicans carried knives and the black guys wouldn't mess with them. A knife cut leaves a pink scar.

And don't forget the Detroit Pistons basketball team. Lots of suburban whites go to Detroit for them. If they still play in Detroit. I guess they play in Auburn Hills. ;)

BTP Holdings  posted on  2016-05-27 17:01:27 ET  Reply   Untrace   Trace   Private Reply  


End Trace Mode for Comment # 12.

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