Posted on 05/01/2015 12:43:00 PM PDT by GraceG
Apologies if it is boring.
Remember “Real estate” doesn’t mean land that is “real” it means “Royal land” as in belonging to the king or government.
And don’t forget the computer software that has to be rented (e.g. most Adobe products) and all of the stuff tied to “the cloud”.
Some things make sense to rent, Term Life Insurance as opposed to Whole Life, for instance. We are renting our home right now because we are not sure yet where we want to live and want to build up a sizeable down payment.
Even the cars that are not leased now, are assumed tobe sold on financing, and for long periods (72 months), which is more like a lease with option to buy.
The leasing options and layaway plans reappeared after the credit crisis... many people have not climbed out of it yet. Particularly in communities that have many homes underwater...
The pressure is still on to have as many people in debt as possible.
don’t pay your property tax and you will find out who really owns the land.
I know some folks that moved here to get better paying jobs and have no intention of staying once their kids are out of high school and they do not want to worry about selling or the market collapsing. They also do not want to pay $400,000 for a 2200 sq foot house that costs $200,000 any where else. Can’t say I blame them.
Well, doing away with the concept of property would certainly make this whole Socialism thing a whole lot easier to implement.
[ Well, doing away with the concept of property would certainly make this whole Socialism thing a whole lot easier to implement. ]
BINGO!
This is why it has taken so much longer to take down the United States into Socialism (neo-Fuedalism) than other countries around the world.
It really should not be possible for a person to forfeit his property for failure to pay tax on it. THAT truly relegated everyone to tenant status.
Lots of folks find that out.
Its worked well in the cities where renters far outnumber owners.
All cell phones are rented too.
I would even go so far as to suggest that social, political, and peer pressure to "own" everything you use in life may even drive up the prices of many things. For example, you'd be surprised at how much less it costs on a monthly basis to rent a home than to buy the exact same home, in many cases.
this generation doesn’t look at ownership as a virtue, but rather as a burden. Why buy your smartphone when you can rent it and always get the latest and greatest? Music, movies, just rent what you like. People don’t care about being underwater on a car in a year or two, they just want what they want and only care about having enough money to make the monthly payments. You can have all the channels and fastest interwebs if you can just make the monthly payment.
They only thing of paying cash for the necessities of life, like McDs, lottery tickets, Starbucks, beer, and pot.
devaluation of the currency to pay for the massive government of Empire, government debt and wars of control and conquest led to the creation of feudalism in Europe
Similar conditions exist in the USA today. The creation of the Federal Reserve, and constant devaluation of the currency, manufactured inflation, fake interest rates, debt monetization just mean that those connected to government get the first crack at wealth and that all progressive government schemes are paid for - at the expense of the middle-class wages and property.
Debt is leverage.
Responsibility, honoring that debt and extending that debt is a business decision and is therefore priced into the cost.
Some people know how to leverage debt.
Even with these necessities of life, people often charge these on credit cards, rather than paying cash.
Ownership can be a burden in many cases ... Especially when you’re dealing with a major asset that limits your flexibility to relocate.
“don’t pay your property tax and you will find out who really owns the land.”
...and don’t forget, that in some areas of the US that tax (which is effectively a “rental” can approach 6% of the value. A year!
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