Great News for All Us Poors!

old-house-1356395883cWrTy Fisher

With the government shutdown, the residual effects of the Great Recession still looming and wages still stagnant for the past 20 years, there is a good chance you are broke and in major debt. Turn that frown upside down, because I have some great news! LOL, J/K! Rent Is Up 3% From Last Year. In response to rising home-buying costs, landlords are cranking the rent up to 11. Why? Fewer home buyers means more demand for apartment renters, which means landlords can do whatever they want since that wonderful free market dictates just that. Yup! The response to people being too poor to buy a home is to make them pay more for rent. Many people are paying the same amount in rent as they would a mortgage payment. However, you don’t have to put a down payment on rental property. Meanwhile, you will never be able to save up for a down payment on a home since you are paying an arm and a leg for your shitty apartment while working your low wage job you earned with your college degree that has put you tens of thousands of dollars in debt. *deep breath* Hooray for capitalism and the free market!

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