Wednesday, October 29, 2014

The American Dream Going Bust – in One Chart

Click here to access article by Wolf Richter from Wolf Street.

Richter posts a graph that depicts what most of us already know or suspect: capitalists have been buying up all the foreclosed homes and driving prices up while destroying the great American dream of home ownership. Homes in capitalist economies are regarded as a commodity like everything else. They are not regarded as secure, almost sacred places in which to raise children into healthy adults.