This is actually a sign of a deep failure of one extremely important market: the finance market, the banking sector. If poor people cannot get a loan to buy real estate that at least will preserve real value, the above described poverty will continue. People won't get more prosperous: they will pay rent all they lives and die poor. They will be lousy consumers, which means aggregate demand is small in the society. This can easily happen when there aren't all those important institutions at place that make it worth wile (less risky) for lenders to lend to ordinary people without loan-shark interest rates.If a poor person is stuck on this earth for another 50 years, she would probably rather live in a shed or perhaps even house like a house in Haiti (card board box) then work 2 or 3 jobs to pay a land lord their high rent. — christian2017
? What in particular is the most deplorable — christian2017
i do feel its necessary to find ways to help the poor without raising taxes or printing money, because some people in America are willing to get violent over their beliefs. — christian2017
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