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Americans Are Giving Up From INSANE Mortgage Payments

There's plenty of people who are seeing their mortgage skyrocketing by hundreds if not, thousands a month.

[media=https://youtu.be/-GvgZ5oQTMs]
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whowasthatmaskedman · 70-79, M
I wish I could say it was going to get better. But if they drop rates, the inflation will take an even bigger bite out of the other end, hurting everyone..😷
SatanBurger · 36-40, F
@whowasthatmaskedman Apparently it's going up by hundreds a month. 500 to even 3,600 monthly, it's that much, on top of their original payment. That's so criminal.
whowasthatmaskedman · 70-79, M
@SatanBurger I can give you a thousand words on why the US printing money without adding value to the economy was always going to come back and bite everyone.. And while Trump sure isnt helping, this predates him..😷
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Punches · 46-50, F
@jshm2 Problem is, investors and flippers are a dime a dozen these days. They can't ALL succeed.
Punches · 46-50, F
Remember when they used to push home ownership as "the way to go?"

But now even with fixed payments or interest rates, the financial institutions are just using other ways to f*** people over.
whowasthatmaskedman · 70-79, M
@Punches I wasnt implying anything. Just explaining how the rich get richer at the expense of the rest of us. Especially when times are tough. They take advantage and have no conscience about it. TACOs father gave a master class in it to his son..😷
Punches · 46-50, F
@whowasthatmaskedman Things can get only so expensive though. At some point if no one can even afford it, well...
whowasthatmaskedman · 70-79, M
@Punches OK. Now thats where you are incorrect. The basic flaw in modern thiunking is that money is real.. It isnt. Money is a convenient means of exchange, so we dont have to carry around eggs, bags of wheat and cans of whatever to swap with each other. In itself money is worthless. Then we dont agree on exactly how much we should exchange for an hours work or a tank of gasoline, thats inflation. But if the same number of hours work always buys you that tank of gasoline, everything is fine in reality.. I cant blame you if you cant get your head around this idea.. Its what modern society is based on. But nevertheless, what I am saying is correct. And the people in Wall street who first saw the gold standard being abandoned and decided money was a commodity that could be created did America a great disservice.😷
LordShadowfire · 46-50, M
So it's not just us.
whowasthatmaskedman · 70-79, M
@LordShadowfire Globally the hunt to turn currency into solid assets. (like bricks and mortar) is on. Fear of another global financial crisis is driving it..😷
SatanBurger · 36-40, F
@LordShadowfire Nope, it's everyone
ShenaniganFoodie · 36-40, M
Welcome to America
Its not just America.
House and mortgage prices here have gone off the charts!

Its obscene

 
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