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Almost 40 millions of Americans live in housing they cannot afford

http://www.cnbc.com/2017/07/13/harvard-study-heres-how-many-americans-cant-afford-housing.html Ester Bloom Thursday, 13 Jul 2017 | 9:22 AM ET Harvard study: Almost 40 million Americans can’t afford to pay for housing According to new research by Harvard University, almost 40 million Americans “live in housing they cannot afford.” Homeownership has gone down and rental prices keep going up, meaning that millions of residents […]

via A shocking number of Americans live in housing they can’t afford, according to Harvard study — Livinglies’s Weblog

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Subprime mortgages are making a comeback

Apparently the biggest banks in the US didn’t learn their lesson the first time around… Because a few days ago, Wells Fargo, Bank of America, and many of the usual suspects made a stunning announcement that they would start making crappy subprime loans once again! I’m sure you remember how this all blew up back […]

via The Subprime Mortgage Is Back: It’s 2008 All Over Again! — Easy Money

This is very bad news for the economy as this will make the real estate bubble grow even larger and guarantees that the next real estate crash will be several orders of magnitude worse than the last one.

 

New rules for financial advisers

ONE OF THE most important investor protections in decades took effect on June 9. The new rule, issued by the Department of Labor, sets in motion a seemingly commonsense requirement that those who advise on retirement investments must put their clients’ interests ahead of their own. Yet it marks a revolution in retirement security, the result […]

via The Department of Labor new rule: Financial advisor trap — Justice League

I am not a huge fan of government regulation but it should be self-evident that anyone that advises individuals or companies on retirement investments should absolutely be required to put their client’s interests ahead of their own.

The government has allowed corporations to become too powerful

Truthout: To what degree do corporations exceed the power of many states today? The corporation has become more powerful than the state because the state has allowed it to happen. Over decades, by both Democrats and Republicans, unaccountability has become normalised, barely opposed by politicians or the media class. In Disaster Capitalism, I investigate the role […]

via Government Has Allowed Corporations to Be More Powerful Than the State — Justice League

Bank locally, buy small and go off-grid for real freedom

Editor’s Note: Small credit unions typically have creative lending solutions the big banks reject. Instead of becoming entrapped by a huge life-long mortgage and living at the mercy of large municipal utilities- why not look for a solution that can provide an entirely different type of freedom? By Abigail Curtis, BDN Staff Posted April 29, […]

via Sunday Solution: Bank Locally, Buy Small and go Off-Grid — Livinglies’s Weblog

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