Where did our happiness go? Into the pockets of others.
Paul Craig Roberts
Remember how happy we would be according to Klaus Schwab and the World Economic Forum when we owned nothing?
Well, that is where we are. Are you happy?
They took away memory cards and sold us cloud storage. They took CDs and DVDs and sold us streaming. They took software you once bought as yours and turned it into a monthly subscription. Corporate America figured out the real money wasn’t in selling you something. It was making sure you NEVER actually own it.
According to AI Overview, for Existing Homes, the median sales price for existing single-family homes and condos is $429,100.
For New Construction, the U.S. Census Bureau reports the median sales price for new houses sold is $410,700, with the broader average around $502,700.
Prices vary depending on whether you look at averages (skewed higher by multi-million dollar homes) or medians (the midpoint where half cost more and half cost less).
To comfortably afford a $400,000 house, you generally need an annual household income between $90,000 and $130,000, depending on your down payment, interest rate, and monthly debts.
If you pay for the house with a mortgage, the cost of the house with principle, interest, insurance and real estate tax by the time the house is paid for is about triple the purchase price. You will have paid more than $1.2 million for your middle class home.
So Americans cannot afford to buy and they cannot afford to rent.
Dear Americans, are you happy?
Would you like a real populist government that represented you.
Good luck.