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We are broke

Laodicean60

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I'd be inclined to think that if all the developed governments in the world simply took the wealth away from the richest, say, 100,000 people on the planet, that solve a LOT of debt problems around the world.
But our crony capitalist government keeps funneling money to corporations for 40 years. NAFTA is when I saw a lot of my family members get laid off by shipping jobs and wages to China and abroad. In these years I watched homelessness get worse in LA to what it is today. Government policies have created this mess but I think when we start re-shoring manufacturing jobs they will have to compete for workers which is good for wages, sort of like what happened after COVID.

Taking hard-earned money from someone else is wrong. We the people have to educate ourselves about the economy and know what the FED monetary and government fiscal policies are doing to Americans. Lots of fund managers on youtube talk about this very thing. Once we are educated we can direct our politicians to do what benefits Americans. After the GFC the fed monetary policy has created the homlessness we have now. Rise in asset prices is forcing people to the streets because of rising property taxes and insurance. Especially for those who have borrowed irresponsibly. Peace
 
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rambot

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The NY Post is right leaning, the editorial seems to be a conservative piece. Here is something similar from Ben Carson. Housing First Does Nothing to Solve the Homelessness Crisis The evidence is somewhat scant and my brief foray into the topic found it very complicated with an ongoing debate and varying evidence as the the causes and cures of homelessness.
Really? Most research into the "Unverisal Basic Income" seems to show that UBI is essentially, a silver dagger in the cold dracula heart of homelessness.

Rents do affect homelessness, but homeless prevention programs and rent subsidies very widely and results seem to be uneven.
I haven't seen anything to suggest they've been anything other than helpful. With the increasing trend in the cost of houses and rents (due to a SHARP increase in the number of single family homes bought by equity firms (44% in 2023...that's messed up), middle and poor classes in the US are about to experience SIGNIFICANT pain because their government SUCKS....and their government SUCKS not because they need a freer market but because your markets are being exploited by the people with money to make MORE money. But, that money they make comes from poorer people.


From my living in the less developed world, the USA excessive regulations on building and land use seem to be a place where compromise would grant many a home, though somewhat of a deficient one, depending on what regulations are targeted.
Prove it please. I know people have said that but honestly, I don't think that is necessarily the biggest problem. Regulations are OFTEN necessary and this idea that getting rid of regulations is a good thing is absurd. We have train disasters in the last couple calendar years that show that.

I am not sure greater redistribution of income would solve debt for long.
National debt? I'm inclined to agree. Personal debt? Well...I mean...of COURSE it will affect it.

It would reduce future incentives to business owners and at the same time the government would squander it on programs that might do very little to help the homeless.
How would it reduce incentives to businesses? We can't sit there massaging business owners and giving the money directly to them. That has been proven, I can't say how many times.
Tax cuts for the wealthy only benefit the rich | LSE Research
I mean that makes 0 sense, really. If you give the money to people who have needs, then a) They can filll those needs (like housing, food, clothing shelter) AND b) The owners get increased income into their businesses.

Complaining about "redustributing wealth" while completely ignoring the ineffectiveness of every.single.Republican.(and a HUUUUUUUUGe number of Democrat measures) efforts to enrich the middle class, seems to be misguided.


I certainly know too that putting the responsibility on landlords can backfire as many have reduced their investment in rentals because evictions and squatting are serious problems for them.
1) The new landowners are private equity firms with tremendously expensive lawyers.

The same might be said for rent controls though they too might help in the short run. I'd like to see the government subsidize faith based housing programs more, offer more immigration for low wage workers in the housing industry and reduce regulations and costs in building. Anyway, thanks for your analysis and thoughts on homelessness.

But our crony capitalist government keeps funneling money to corporations for 40 years. NAFTA is when I saw a lot of my family members get laid off by shipping jobs and wages to China and abroad. In these years I watched homelessness get worse in LA to what it is today.
"back in the day" I attended plenty of "antiglobalization" protests for THAT EXACT reason. I didn't like hte idea of jobs moving overseas. There is this STRAAAANGE irony that now right wingers are antiglobalization and lefties are a bit ambivalent on it.
Government policies have created this mess but I think when we start re-shoring manufacturing jobs they will have to compete for workers which is good for wages, sort of like what happened after COVID.

Taking hard-earned money from someone else is wrong. We the people have to educate ourselves about the economy and know what the FED monetary and government fiscal policies are doing to Americans.
But don't you understand....those things the government is doing sin't enriching the goverment....it's enriching people ALREADY rich. You can argue that "taking hard earned money from someone else is wrong" (I'd argue a) that isn't taxes b)I'm not convinced a billionaire ACTUALLY is that hard working. sorry. ) It's not that tax policy is killing the middle and lower classes....that's the capitalist system that gets practiced in the US. Policies that allow rich people to get richer while the poor people get nothing.

Lots of fund managers on youtube talk about this very thing. Once we are educated we can direct our politicians to do what benefits Americans. After the GFC the fed monetary policy has created the homlessness we have now.
There is no policy (that I can tell) that created hte problem we now see....well, mostly. Lastly, and I mean no disrespect but I am NOT going to listen to fund managers and economists when they tell me "what's wrong with America's economy" because they RARELY give solutions that help.
It's like asking a rapist to investigate themselves. The rich have a system that allows them to invent money out of thin air that poor people can't meaningfully take part in. And not only that, the poor people keep giving rich people THEIR money that they can use to put into that magiic system that generates imaginary money for them.

As I said, HUUUUUGE SWATHS of housing are being bought up by NOT families. Let's not pretend that isn't a problem. Between that and the algorithm that is being employed across cities in the US by these equity firms to control and dictate rent prices, poor people literally don't stand a chance.

Rise in asset prices is forcing people to the streets because of rising property taxes and insurance. Especially for those who have borrowed irresponsibly. Peace
It's not the property taxes or insurance that are forcing people onto the street....MULTIPLE double digit percent rent increases? I'm sorry, that's not organic growth. That's greed...and I'm confused by folks would think otherwise. There are a LOT of people whose rent increased by 400$ IN A MONTH.
Which reasonable person thinks that kind of increase is NOT greed? I see it as greedy people trying to exploit and enlarge organic growth through their own personal inflation.
 
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Laodicean60

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listen to fund managers and economists when they tell me "what's wrong with America's economy" because they RARELY give solutions that help.
These little guys are trying to make money for hard-working Americans. It's up to us to get educated then we all can ban together and tell the politicians what we want.
As I said, HUUUUUGE SWATHS of housing are being bought up by NOT families. Let's not pretend that isn't a problem.
Whose fault is that? Your government is allowing it. Tell your Congressman! My kids can't afford a house because of investors and big corporations. I can't even move closer to my kids without getting outbid. Believe me, I will give politicians in my state an earful. I have even written to them.
 
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rambot

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These little guys are trying to make money for hard-working Americans. It's up to us to get educated then we all can ban together and tell the politicians what we want.
No they're not. They're trying to take money FROM hard working Americans.
Whose fault is that? Your government is allowing it. Tell your Congressman! My kids can't afford a house because of investors and big corporations. I can't even move closer to my kids without getting outbid. Believe me, I will give politicians in my state an earful. I have even written to them.
But in the meantime, many/most people haven't even figured out that this is the problem. Sadly, I would not expect much movement from ANY (Republican or Democrat) on this issue. I'd wager MANY MANY congress people ALSO own property and as you can guess, probably wouldn't be too keen on diminishing its value in ANY WAy.
 
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ThatRobGuy

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Yeah, you really gotta stop citing zerohedge as a source...they're not credible.

(and I'm saying this as someone who's partially sympathetic to certain right-leaning viewpoints)

...but we're not broke, and if we were, a $2.5B outlier line-item certainly wouldn't be the thing that the focus would be on to correct that problem.
 
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Richard T

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If UBI removes the incentive to work, it will solidify the welfare state. It seems unbiblical. "For even when we were with you, we commanded you this: If anyone will not work, neither shall he eat. For we hear that there are some who walk among you in a disorderly manner, not working at all, but are busybodies." (II Thess 3)

On Regulations driving up home prices, here is a start. "Informed public debate on the issue of regulatory barriers to housing development is impeded both by the lack of precision concerning the concept of regulatory barriers and the absence of sophisticated research on the impact of regulations on the supply and cost of housing. Existing research suggests that a wide range of federal, state, and local regulations, including building codes, environmental laws, land use regulations, and impact fees, as well as the government procedures to administer these regulations, reduces the supply of housing and generates substantial costs. Nevertheless, not all of these regulations can be fairly condemned as “barriers.” To the contrary, some costly regulations can be justified because they promote public health or safety. Others increase price because they generate amenities and, thereby, increase the demand for housing. Many forms of federal, state, and local regulation, however, are neither necessary nor efficient. Others may be efficient, but still generate unacceptable affordability problems for low- and moderate-income households." Source: https://www.huduser.gov/periodicals/cityscpe/vol8num1/ch1.pdf I have seen this over and over. From wetlands blackmail, to all kinds of requirements to meet codes. The latest in my area is a heating and air duct leakage test. Land restrictions though are the worst. Zoning in some areas called "smart growth" are restrictions that keep land out of circulation and drive land prices up like crazy. I could not build one home because the city wanted a geotechnical survey just to start. Some places want full drawings, others require none. There are wide differences and most of these regulations are from the last 20 years. "Regulatory barriers make housing less affordable to millions of households in the US and abroad. If regulatory barriers were reduced, small developers could provide housing at more affordable prices. This article assesses the current state of knowledge about the effects of federal, state, and local regulations on the supply and cost of housing." Source: Regulatory Barriers to Home Construction and Rehab | Lean Urbanism Estimate that it costs 4-25% for a new home, (Would not include land). My neighbor in Florida, bought his lot. It was not listed as being designated as wetlands. he tried several times to get permission from the EPA to build. Finally, they settled on a $25,000 payment for an offset. Trhe years later the city cut all the vacant lots, because they were a fire hazard. Exactly what he wanted but he was strong armed to pay. Even squatters drive up rents. Many do not want this potential hazard, so they no longer will rent. It is not cheap or quick to get someone out of your property. meanwhile the utility bills must be paid. I know one city too that removed 96% of the phosphorous out of the water, btu the EPA wanted 99%. So a new plant costing around 50 million for that and sewer bills now stand around 90 dollars a month on average. Lots of meat on the bone to take off in fees and real estate /banking regulations too. Try finding a mobile home lot in a gentrified town. No they will condemn those, and may only allow large gated communities, where lot rents are 800 plus for an area where land is very abundant. Yes, government policy talking out of both sides of their mouths by wanting cheaper housing, but removing options that they find undesirable.


Prove it please. I know people have said that but honestly, I don't think that is necessarily the biggest problem. Regulations are OFTEN necessary and this idea that getting rid of regulations is a good thing is absurd. We have train disasters in the last couple calendar years that show that.
regulations are generally the biggest problem but they sure do hurt.
The problem I see with subsidies is that if we gave everyone 20,000 for a down payment, it will drive up demand and prices will go up as well. Thus, the owner of the home is going to get a big cut of that. I don't favor tax cuts for the wealthy, I favor less government spending. We subsidize college and the costs have skyrocketed. I suppose we could do something about the supply of homes, like allowing more guest workers to work in construction, higher taxes too on unutilized land.

This homeless issue is too vast for me. There is talk of who exactly is at risk, why there are repeaters, etc. Many with different needs: from a disabled person, to a single parent who just got kicked out with their kids.
National debt? I'm inclined to agree. Personal debt? Well...I mean...of COURSE it will affect it.






1) The new landowners are private equity firms with tremendously expensive lawyers.

Yes, not just landowners, but some companies buying up residential homes and renting them.
I am not pro-globalization though probably in part for different reasons.
I do not do class warfare much or try to judge who works hard or not. I do like capitalism and though its basis is self interest, may e even greed. it is better than state planning. I admit there are some exceptions. Government though does often work for rich people.



"back in the day" I attended plenty of "antiglobalization" protests for THAT EXACT reason. I didn't like hte idea of jobs moving overseas. There is this STRAAAANGE irony that now right wingers are antiglobalization and lefties are a bit ambivalent on it.

But don't you understand....those things the government is doing sin't enriching the goverment....it's enriching people ALREADY rich. You can argue that "taking hard earned money from someone else is wrong" (I'd argue a) that isn't taxes b)I'm not convinced a billionaire ACTUALLY is that hard working. sorry. ) It's not that tax policy is killing the middle and lower classes....that's the capitalist system that gets practiced in the US. Policies that allow rich people to get richer while the poor people get nothing.

You did mention some about property taxes or insurance nont being too much of a catalyst in housing issues. I think you are wrong, people have lost their homes because of rising taxes, and property insurance in Florida can be 5,000 a year easy,
I think some economists are helpful. There are ones for every orientation. At the end of the day though you have to treat every policy area differently and that is complicated. Airline regulation is not the same as farming equipment. Too many want to use the same tools for every problem, cut or spend more, usually. You likely will not arrive at good solutions doing that. I will think on homelessness more, but i do not even know the demographics. I am skeptical of the claims of mental illness and drug abuse fyet there are some pretty big percentages, some suggesting over 50% for veterans, others say 30 or 40% just for alcohol or drug abuse.

Yes, fully agree with your following statement. Glad you are somewhat of an activist and involved in social problems.

As I said, HUUUUUGE SWATHS of housing are being bought up by NOT families. Let's not pretend that isn't a problem. Between that and the algorithm that is being employed across cities in the US by these equity firms to control and dictate rent prices, poor people literally don't stand a chance.


It's not the property taxes or insurance that are forcing people onto the street....MULTIPLE double digit percent rent increases? I'm sorry, that's not organic growth. That's greed...and I'm confused by folks would think otherwise. There are a LOT of people whose rent increased by 400$ IN A MONTH.
Which reasonable person thinks that kind of increase is NOT greed? I see it as greedy people trying to exploit and enlarge organic growth through their own personal inflation.
 
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Laodicean60

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...but we're not broke, and if we were, a $2.5B outlier line-item certainly wouldn't be the thing that the focus would be on to correct that problem.
Sincerely, I'm not a right-wing hack. I left the tribe because of my ex's spending on wars once I learned what our debt would do to us Americans. $2.5B Is a drop in the bucket but it's still wasteful if used by people who don't like us (Pakistan a while back also). We do have to look at spending because it's Americans who suffer if our money is mismanaged.
Don't discount the source of the news but the writer, better yet, discount the falsehoods in the content with conversations. I understand this is epoch writing this piece but if the Taliban is pocketing money it's wrong. Peace
 
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These little guys are trying to make money for hard-working Americans. It's up to us to get educated then we all can ban together and tell the politicians what we want.

Whose fault is that? Your government is allowing it. Tell your Congressman! My kids can't afford a house because of investors and big corporations. I can't even move closer to my kids without getting outbid. Believe me, I will give politicians in my state an earful. I have even written to them.
Your government? I did not realize you were not an American.

What choice does the government have but to allow it in the land of capitalism where money talks? This IS capitalism....precisely what the right wants - where the government does not interfere with capitalism except to collect tax money.

Perhaps you should look into renting instead of purchasing?
 
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Laodicean60

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Your government? I did not realize you were not an American.
I am an American but not a polarized American to where I'm blinded to what they are doing to us.
What choice does the government have but to allow it in the land of capitalism where money talks? This IS capitalism....precisely what the right wants - where the government does not interfere with capitalism except to collect tax money.
If you haven't noticed our cooperation controls the government.
Perhaps you should look into renting instead of purchasing?
Have you heard the term? "You'll own nothing and you'll be happy" No thx I own everything I have. No debt here :)
 
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I am an American but not a polarized American to where I'm blinded to what they are doing to us.
Then the government is yours too, regardless of your animosity towards it.
If you haven't noticed our cooperation controls the government.
corporation or cooperation? Corporations have a hold on portions of the government as do some billionaires because they own politicians. The soution is to eliminate lobbying.
Have you heard the term? "You'll own nothing and you'll be happy" No thx I own everything I have. No debt here

:)
No, I haven't heard that exact phrase. The phrase I know is 'You'll get nothing, and like it'! LOL Happiness is a state of mind and a way of life, and owning stuff should not be the center of happiness. Happiness in owning stuff can lead to greediness if one loses themselves in acquiring possessions. I have no use for many material things others find desirable.
 
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