Q: Why does a house in the USA cost $300,000 when the same house would cost about E 50,000 in Europe or Scandinavia?
A: Banks who strive to OWN EVERYTHING and turn you into a workhorse who never TRULY owns your own property. And BROKERS and AGENTS, who strive to drive the price UP so that they can get a healthy cut of the proceeds, often for very little work.
If you take one thing away from this Blog, please take this: You were never meant to be a constant rent or mortgage slave for 30 years. When the first citizens came to the USA, they were given land if only they would settle, and they built their own houses. Gradually, this situation has turned into where a person must take out a huge bank loan in order to "buy" their property. In order to qualify for this all-important loan, they must robotically make payments to companies "on time" and prove themselves to be a good little consumer and slave robot, getting them into a "consumer" mindset and habits much like "breaking" a horse to be ridden. If they then qualify, they can receive a loan from a bank which will keep them working for the next 30 years. If they should fall ill or have any other type of emergency like job loss, etc, which would render them unable to pay their mortgage payment, they run the risk of "foreclosure" - where the bank seizes their house and they then lose all the money they have paid so far on their loan, even if it is almost payed down. There are various things they could try like quickly selling the house at below market value or asking for forbearance for a period of time, but in all likelihood they will lose the years of work that they put into the house if there is some problem where they can't get right back to work.
This deal is a rather grisly bet with the bank that you can keep working your body and mind for the next 30 years- and if you lose the bet, the "winner takes all". There are those people who are intelligent or experienced enough not to go for this deal, but I'm speaking about the average citizen, the ones whom this blog is meant for, who believes that "this is the way things are supposed to be", who has been sold on this idea. The word Mortgage itself means "death contract", so contemplate the implications of that.
This deal is very evil, for the average price of a home has crept up so much that it requires two working people (parents usually) to comfortably pay it, therefore leaving children alone in the home to send themselves to school and comfort themselves when they come home from school. The parents usually depart at 6am in order to commute to work and don't return till 12 or 14 hours later. Aimless children with nothing to do after school and no supervision get in trouble or fall into drug use and other vices, especially when tired parents come home after spending those hours away from the home and have no energy to put towards their children. In this way you could say that the mortgage industry has eaten into and almost ruined the fabric of USA society and culture. Generations of nearly parent-less children....what does that sound like to you? Parents with no time or energy to pay attention to what is happening in their children's lives or to spot warning signs, generations of vulnerable children with no directions in particular, resentful and angry parents robbed of the time in their lives - this is a setup for disaster, which we see the effects of now.
Even in a situation where there are no children and it's just you paying the mortgage, you will pay quadruple what the house was worth by the time your mortgage is done ($100,000 loan equals around $400,000 paid out with interest, etc - provided you do not refinance, then it's even more!!!). Then when you sell you will lose money in this market. ALL that work, for nothing, so that bankers can get and stay very wealthy(far wealthier than you). So that you can have your house earlier than you should have if you had just earned the $100,000 and saved it.
Why this is a Scam:
You will work hundreds of thousands of hours, far more than you should have, to pay a bank four times the amount that you borrowed. Long ago this was called "usury" and was illegal - not so in the United States of SCAMerica. Bankers can scam you and act like it's normal. They can put on quite an air of grandeur and act as though you are a scumbag if you are late on a payment, meanwhile they are practicing an evil trade that was literally illegal in more civilized times. You will be made into a slave, sleep-deprived robot who gets up at 6am, 5 days a week who works in service of the bank- you will have a pitiful week's vacation per year, you will not be able to guide your children's lives and you will be like a ghost, seen waking in and out of the door before you collapse in your bedroom after trying to de-stress in front of the TV. This is IF you don't break down, or go into paroxysms of "unexplainable" rage at your fate, take it out on your children and everyone around you and wind up divorced. Who could stand to be broken down like this? I know people who have had to go on medication in order to withstand this, even though there was technically nothing wrong with them.
DON'T LET THIS BE YOU!!!!!
How to CUT AND RUN:
DO NOT use a bank as a lending institution. If you have a way to work and save money, save until you can pay cash for your house and land. Some keep living with their parents or other family members, others find other cheaper living arrangements. If you are single or a couple with no children, you do not need as much room and space as if you had children. Be creative. Some people are buying their own cheap land and then building their houses themselves over time, as they get the cash. Others are buying pre-built "Tiny Homes" (although they do not have to be "tiny", 500 or 600 sq feet is as large as a "studio" apt) and making deals with others to park them in their yards and fields and paying the amount you would pay to an RV park, between $200 and $300 per month. Still others have decided to live in unique situations like houseboats. Some have worked out deals with the existing owner of the property such as "rent to own". Be creative, use your imagination.
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