Tapsearch Com EditorUS housing or shelter costs two and half times minimum wage
The major news channels keep reporting the mortgage crisis was caused by people buying homes they can not afford and leave out the critical story about the massive job losses and economic downsizing for millions of families in the USA.
As reported at the Ethics Box in prior posts and as noted at The Worlds News Net - Job reporting is flawed there is a terrible discrepancy about unemployment in the U.S.
As long as these discrepancies remain, there is little hope about restoring the U.S. economy. We need to know the causes and effects about our economic crisis in order to fix it.
Here is another untold story about our economic mess. It takes two-and-a-half times the minimum wage to pay for housing in the U.S. This means workers must make $14.46 per hour to rent the average two-bedroom apartment. * Out of Reach 2003- America's Housing Wage Climbs
We have many people with jobs who are homeless. So there is much more to the mortgage crisis than people buying homes they can not afford. The gap between what people can afford to pay and the real costs of housing continues to widen at an unprecedented pace even during the time where there seems to be For Rent or For Sale sign everywhere. The bottom line for buying a home or just finding shelter is that people just don't make enough to be able to afford even modest rental housing. Millions are missing in action from any kind of real reporting.
In cities like Cleveland Ohio, the housing wage ( one must earn ) for a one-bedroom apartment is $11.65 per hour. * Minimum wage workers must work at least 91 hours per week to afford a one-bedroom apartment; 112 hours per week to afford a two-bedroom apartment and 143 hours per week to afford a thee-bedroom apartment.
In the past, when a home went up for sale in a neighborhood, it was news. Now we drive down our streets and see about ten houses per street for sale. The same applys to the For Rent signs. Still the cost of shelter climbs.
And retail workers at the giant stores like Walmart need extra government help just to economically survive. This is the service industry that was supposed to fill the void left by our factories and production being moved outside the country.
On top of all this, major cities in the U.S. are escalating their was on the homeless people.
At the same time, America represents itself in the role of world leader and a creator of democracies offering aid and support to the third world who will push this call to democracy while back home, a third world exists in many places. Many inner cities have been depopulated. With homes, storefronts and empty factories torned down , some immigrants from the third world countries now come to America and even farm on the empty land. No one seems to know where everyone who was lived in these areas or where the businesses went. You would think our political leaders, newspapers and academics would question all this but many of these real life stories remain untold. And the cause and effect of our economic crisis are ignored as President Obama bails out big money and the financial communities and hiding the real facts behind our economic crisis.
Hurrican Katrina in New Orleans exposed these conditions worldwide on TV when it happened but that was it. It showed a silent depression existing in our land which could be repeated over and over again in other cities across America. There are miles of major streets in major cities with empty storefronts, empty houses, closed down deteriating factories and vacant land where people once worked and lived surrounded by thriving little businesses.
As reported at the Ethics Box in prior posts and as noted at The Worlds News Net - Job reporting is flawed there is a terrible discrepancy about unemployment in the U.S.
As long as these discrepancies remain, there is little hope about restoring the U.S. economy. We need to know the causes and effects about our economic crisis in order to fix it.
Here is another untold story about our economic mess. It takes two-and-a-half times the minimum wage to pay for housing in the U.S. This means workers must make $14.46 per hour to rent the average two-bedroom apartment. * Out of Reach 2003- America's Housing Wage Climbs
We have many people with jobs who are homeless. So there is much more to the mortgage crisis than people buying homes they can not afford. The gap between what people can afford to pay and the real costs of housing continues to widen at an unprecedented pace even during the time where there seems to be For Rent or For Sale sign everywhere. The bottom line for buying a home or just finding shelter is that people just don't make enough to be able to afford even modest rental housing. Millions are missing in action from any kind of real reporting.
In cities like Cleveland Ohio, the housing wage ( one must earn ) for a one-bedroom apartment is $11.65 per hour. * Minimum wage workers must work at least 91 hours per week to afford a one-bedroom apartment; 112 hours per week to afford a two-bedroom apartment and 143 hours per week to afford a thee-bedroom apartment.
In the past, when a home went up for sale in a neighborhood, it was news. Now we drive down our streets and see about ten houses per street for sale. The same applys to the For Rent signs. Still the cost of shelter climbs.
And retail workers at the giant stores like Walmart need extra government help just to economically survive. This is the service industry that was supposed to fill the void left by our factories and production being moved outside the country.
On top of all this, major cities in the U.S. are escalating their was on the homeless people.
At the same time, America represents itself in the role of world leader and a creator of democracies offering aid and support to the third world who will push this call to democracy while back home, a third world exists in many places. Many inner cities have been depopulated. With homes, storefronts and empty factories torned down , some immigrants from the third world countries now come to America and even farm on the empty land. No one seems to know where everyone who was lived in these areas or where the businesses went. You would think our political leaders, newspapers and academics would question all this but many of these real life stories remain untold. And the cause and effect of our economic crisis are ignored as President Obama bails out big money and the financial communities and hiding the real facts behind our economic crisis.
Hurrican Katrina in New Orleans exposed these conditions worldwide on TV when it happened but that was it. It showed a silent depression existing in our land which could be repeated over and over again in other cities across America. There are miles of major streets in major cities with empty storefronts, empty houses, closed down deteriating factories and vacant land where people once worked and lived surrounded by thriving little businesses.
