All true. And the worst of it is the way we're all pitched against each other.
We live in a "cheaper area." My husband moved there when it became apparent to him that he would soon be priced out of NYC. I moved when I married him. I soon understood the wisdom of his decision and eventually, somehow, we managed to buy a house. We did this because it seemed to me that only real estate had even the remotest chance of keeping some value. And anyway, we're not stock people. I think the stock market is immoral and my husband just thinks it's risky.
Anyway, we bought the house and put every cent we had into it. Good, right? Well, it seemed good but now we own a house so we're fair game for every rent activist and anti-capitalist to vilify every chance they get. It's not fun but it serves the corporate interests well enough. I don't work for change anymore because I'm tired of defending my decisions, and I don't talk about this stuff either, because if I'm not attacked for it, I'm shamed for not doing more to end up rich by my age.
We've worked hard and worked for ourselves for our whole lives. We built up some equity in the house, which is good because it needs work and you can take out a loan against equity, right? Wrong.
The banks only loan to people with "real" jobs. So if you've been successful at freelancing or working in the gig economy, forget it. So okay, get a real job in your field, that's doable, right?
Well, no, not really. The bank loans money based on your debt to income ratio. Essentially what that means is, if you need it, you can't have it.
If you've worked in non-profits there are other hidden penalties. The promise of student loan relief for doing your civic duty and working in a non-profit never materialized so most people working for the betterment of their community make sub-par wages and have to pony up a good chunk of their monthly take home pay to service student loans that never really shrink because their interest rate is fixed.
But it's okay that non-profits pay bupkiss. There's job satisfaction, working for the betterment of the country gives you job satisfaction, right? And you're supposed to be fine with that cause the work you're doing is vital to the health and well being of your community and you're not in it to get rich, right?
Well that's fine when you're young cause you think anything can be fixed and anything could happen, but non-profits also don't offer pensions. So while you may have reaped the rewards of job satisfaction even though you struggled and sacrificed for the good of humanity all your life, the minute you can't do it anymore, humanity kicks you to the curb. When you're finished your career in the non-profit sector society is there to tell you; Right this way; your cardboard box is waiting.
This year, we had a bill for the replacement of our water and sewer line; $10,000. We have good credit so we made it work. but honestly, did you even know you might have to replace those things? We didn't and we're not stupid people. Home inspectors are supposed to tell you about these things but they don't.
When you buy a house, you buy debt. It will never go away. No one tells you that either.
And that's just one hurdle to clear. There are dozens of others. Taxes increase, your town decides to give tax holidays to businesses or big institutions that move in, so taxes have to increase because someone has to pay for the infrastructure of the town and these things add value to your property so the assessment goes up and the taxes increase with it, again.
I think Joe Biden understands these issues and is putting forward good policies to help but he's only one person and I'm pretty sure most of the rest of the people in Government are either rich enough to be removed from these issues or sheltered by the other circumstances of their lives. Cori Bush, Bernie Sanders and AOC are notable exceptions. We need more real people in government but even if we get them, by the time real reform can take hold, it will be too late for too many.