High Mortgages from Banks = Excessive Un-Affordable Rents
Has anyone not seen the connection between the ‘Housing Industry’ and the ‘Financial Institutions?’
Now here’s some interesting points to be known; The American citizens bailed out the banks; by which these same bailed-out banks and the Federal Government; has ‘Billions’ of foreclosed properties currently sitting stagnant on their books. ‘As Citizens of America are Homeless!’ These same banks have control over Billions of Dollars of Mortgages, charging excessive interest rates for home loans, equity loans, etc., whereas; the homeowner or the investors, ‘Mortgage’ payments are so, “Inflated they” have no other choice,” to charge three times their mortgage payment in order to get a better ROI,(Return on investment).
This activity trickles down to the ‘Citizens of America’ who can’t afford to move into a Apartment, Home, or Condominium, these days. Many citizens are ‘Homeless or Unemployed’ due to the ‘Down Economy’ and the unstable job market, increasing gas, food, insurance, electricity, and medical prices, it’s almost impossible to have anything left for any Citizen working for minimum wage, elderly citizens on a fixed income, single-parent mothers, and the disabled.
How in the world are they expected to pay such ‘Excessive Rents’ that are increasing yearly, without their income rising? The majority of property in America has been purchased by ‘International Newcomers” who are ‘Asking 1st Months, Last Months, + Security Deposit + Application Fee + Pet Deposit! Many landlords have been known to discriminate against citizens who do not meet their rental criteria based on the color of their skin, and background, employment history, or how many children a single parent may have. Or if there’s a young adult who could be renting for the first time, they are looked down upon as irresponsible tenants. Elderly citizens living on Social Security are going without ‘Food’ just to pay their ‘Rent and Electricity!’ How crazy is that! Are people really this inhumane?
This is in no way shape or form ‘Affordable Housing’ this is called ‘Americas Homeless Epidemic! Which is the fault of the ‘Banks’ still holding onto ‘Foreclosed Properties’ American Families could be residing in! Why not did they not take part in bailing out the Banks!
If ‘Financial Institutions’ lowered Mortgage Rates, Landlords wouldn’t have to charge such ‘Excessive Rental Fee’s!’ Or if Landlords are charging ‘Unnecessary’ High Rental Fee’s, communities should adopt ‘Rental Control Policies/Ordinances’ to “CAP” how much Landlords/Financial Institutions in a specific area can charge a tenant. At this point Landlords can charge how much they want for their property’s and no one is holding them accountable!
Why don’t City Governments have ‘Community Policies’ in place for protecting their citizens! Excluding ‘Home Owner Due’s that are to be paid monthly, bi-monthly or quarterly, on top of the mortgage, which is another asinine rip-off! How in the world is this ‘Affordable Housing?’ The ‘Housing system’ is ‘Broken’ and must be addressed immediately in the United States before more innocent human beings die!
The housing crisis reflects ‘Bad Management’ of Financial Institutions, Wall Street, Landlords, and let’s not forget United States Department of Housing – HUD! There’s a ‘Huge’ disconnect, and the system is ‘Broken’ if the United States has a current Homeless Epidemic problem, something is not quiet right!
Until things like the above aren’t addressed from the ‘Top to the Bottom’ the homeless population will grow to the point of genocide! There are many ‘Homeless Men, Women, and Children Dying,’ in the streets daily, although isn’t being reported by ‘Main Stream Media!’
Please ask your Federal/State/Local Leaders, and Financial Institutions, about your ‘Constitutional and Humanitarian Right’ as a American Citizen; too be provided proper Food, Shelter, Water? All current ‘ Housing Leaders’ are in ‘Violation’ of the United States Constitution, if Citizens of America aren’t being provided adequate shelter, and being left on the streets to die!
Again, America as we see there’s “No accountability” or “Protection” in the United States, for the American people!
Thanks you for reading CABIRI, Socioeconomic News Impacting American Families!