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What does it say about our economic system when big banks are bailed out of their unconscionable debt but the “little guy” with good credit can’t take out a loan? When people are selling their homes because they have lost their jobs and can’t find comparable work? When people can’t sell their homes because everyone is afraid of losing their jobs? When housing prices are being set so low because foreclosures are flooding the market? When appraisers are low balling the values of homes and killing deals? When realtors are driving the market down by encouraging their clients to lower their sale prices? When the jobs being created are minimum wage and not able to sustain holding on to your home? When employers are doing more with less and employees are doing more for less? What???? How did we get here? And where are we going? Anyone? Is this the decline of western civilization?
Life as we knew it no longer exists. What is going to be the new normal? The middle class is vanishing as was predicted many years ago. The American Dream? Gone? Who can afford it? The rich? The bar has been raised above the middle class.
It is a Dark Awakening.
And, to make things worse, many people are losing their good credit due to long-term unemployment.. and then there is another reason they can't get a job, as so many prospective employers conduct credit checks these days!
ReplyDeleteI share your frustration and anxiety about the future.
To say life isn't fair is a gross understatement. The future is a scary place when you are sliding backwards.
ReplyDelete