General Discussion
In reply to the discussion: WTF? China, Mexico and India??? [View all]Urchin
(248 posts)Who just loved how the prices of the homes they bought in the 1980s, 1970s, 1960s, rose in value during the 2000's.
Fools that they are, they didn't really think their homes would drop in value. They wanted to believe their homes really were worth the inflated price.
(I know someone who was so thrilled with the mushrooming value of his 401K and of the home he bought in the 1970s, that he thought of Alan Greenspan as one of the great financial geniuses in American history. Morons. Both of them.)
The older owners, reassured by the apparent appreciation of their home's value, were even less motivated to save for retirement.
Younger homeowners, borrowed against the ballooned valued of their home's appreciation, to buy things.
None of them want to see the value of their homes go back to normal, so they support Hillary who takes money from super rich asset holders.
The people who lost their homes after losing their jobs in this recent great recession, have nothing. They have no stake in the bubble economy.
And the young people, are the most victimized. They never even get the opportunity to have a job and a home to even lose.
And those who were sensible: who tried to work hard, tried to save and not gamble their money, they were also punished by the bubble economy.
These people are the ones who've been screwed.
They need to have a normal economy again, not an economy engineered to artificially prop-up the value of assets.
Because they know something is wrong with the current state of affairs, and depending on who or what they blame for their misfortune, they support either Trump or Sanders.