Do you feel it's difficult to provide a modest middle class life today?

The homeownership rate for households that fall below median income was less than 50 percent in 2014, for those who made above the median it was nearly 80 percent. And the gap in homeownership between whites, and blacks and Hispanics is almost as large.

 

Are you being serious? You're quoting a comment about international differences in home ownership rates. Of course richer people are more likely to be home owners. Get someone to pat you on the head!

 

and????????????????

 

It is irrelevant to my comment, obviously. You'll be saying rich people can buy what they want next!

 

actually American language is based on usage not what a sad man from the old world feels in his heart

 

I refer to political economy. You grunt. Is grunt in your American English dictionary? Does it say "right winger that says ignorant things and pretends otherwise"?

 

1) there was no market failure to reduce since market was socialist to begin with
2) Obamacare is perfect example of state capitalism fascism, crony capitalism, or socialism.

you must learn your definitions!!

 

you mean old world definitions which have no meaning here whatsoever!! Still confused?

if you want to save face why not learn definitions and come back using another name?

 

To suggest the US system is socialist is ignorant to the extreme.

Compared to other health systems, Obamacare achieved relatively little. Conservatism again!

 

its been called that for decades here in America!! Still confused? Do you need another lesson in American English?

 

nice try to change subject when you lost debate on subject!!

 

You and your mates called it socialist? I'm more than happy for you to dodge. Refer me to one source that refers to the US system as socialist.

 

5 Ways America is Already Socialist - Daily Kos
https://www.dailykos.com/story/2015/11/22/.../-5-Ways-America-is-Already-Socialist
Nov 22, 2015 - There are many types of Socialists, but the main idea is that the rich and the powerful don't get to call all the shots when it comes to the economy, but here's the thing that no one will tell you.America is already Socialist. This short video (with my rough transcript and a few added thoughts) lists 5 ways we're ...

 

Page not found! Very accurate

 

It doesn’t matter if you found the page it matters if you were wrong about nobody thinks America his socialist. Is it odd that you are always wrong and refuse to learn basic English

 

I'm sure some Americans also believe the Earth is flat...

 

As long as you agree that you are wrong once again and that some people do you think America is socialist. Next time please think before you post them please get your definitions straight. Thank you

 

another basic history lesson for you: in the old world the difference between a communist Nazi fascist and socialist is significant. you think for example being in market socialist is the height of intellectual cool and nuance while we think of it as goofy statist pedantic gibberish. The New World left all of the old world’s very very liberal statist ideologies behind. We are about freedom from the old world and its stupid stupid very deadly statist ideologies. We are for freedom from your ideologies. Please print and post on your refrigerator For daily review.

 

You seem to think that intellectualism can be replaced with ideological rant. Sorry, no dice

 

If one makes more good decisions in their life than bad, providing a modest middle class standard is very achievable. Decisions made by the young or at a very young age can hinder making a modest middle class standard or even make it impossible. But I think it all boils down to decisions. Even decisions made that one hasn't any idea of the repercussions of that decision. Such as dropping out of school, not studying hard, doing drugs, getting pregnant, etc.

 

No rant we are for freedom in the New World we left the blood and gore of old world statism behind

 

Given the power of your government (and its aggressive use of foreign policy), I love your innocence! Its just a real shame that you combine it with such ignorance of political economy.

 

Interestingly though it can make financial sense for wealthy people to rent their homes, because the hassle of homeownership isn't worth their extremely valuable time. They can also often get a higher rate of return putting their money somewhere else (usually the source of their wealth in the first place, whatever that may be). Another unexpected thing is that you can actually get a better value (rent relative to property cost) on renting expensive properties because it's harder for the owners to find a renter.

Owning a home may usually be less expensive than renting in the long-term, but keeping up a home can also be a money pit. If the home is going to end up requiring several costly repairs and expensive maintenance, it could have been cheaper to rent. It also depends on the job too. Some people have to move around a lot or relocate to different regions frequently. For them, home buying may not make sense. I've heard horror stories about people who had to relocate to another part of the country and rented their house out to tenants who destroyed it.

 

I only look down on persons who continually make poor decisions, ignoring good advice, and then blame others for their situation demanding government hold others responsible for improving their situation.

 

You miss out any reference to class effects, despite the nature of the thread. Home ownership, at least in countries with rampant neoliberalism, becomes a key mechanism to accentuate wealth divides. As house prices rise (often through artificial mechanisms, such as London speculative inward investment), a minority celebrate returns which are denied the current cohort. It's used to inflame the negative aspect of class and the associated inequality of opportunity.