Home ownership is called, “The American Dream”, however, given the way the financial house of the nation is currently run, I rather would call it, “The Great Rippoff of the American Home Buyer”. I say this because American home buyers are subsidizing the wealthy of this planet by paying twice or three times the cost of the house over the life-time of their mortgages–not to mention the horrendous property taxes etc. which are incidental to “home ownership”. There must be a better way to allow folks to live in houses and not transfer some much wealth to the idle, capital owning entities and individuals. I make these remarks in nearly total ignorance, but my common sense and residual Scottish genes tell me there is a huge fly in the ointment of the American Dream of house tenancy at the mercy of the banks and mortgagers. One last thought, just imagine the chaos that will prevail in the US it there is a major eco-meltdown and a substantial fraction of mortgage holders can’t come up with their monthly mortgage payment. It will make the current mess look like a minor flap! As I have said before, American laissez-faire capitalism (a la Chicago School of Economics and the neo-con practitioners thereof) WILL KILL CAPITALISM. If you look at the current mess, those folks who yapped about government controls and who denigrated goverment regulations, are precisely the folks who have their hands out stretched for a government bail-out. A mixed economy with only the necessary government intervention to keep the crooks in line, and to defend the weak and improvished is absolutely essential for an American Society that resembles anything like the America of my dreams. Of course, my dream is the only one that counts. HA!

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