Quote:
Originally Posted by Skid Row Joe
Not necessarily.
A large percentage, up to 40% of homeowners are upside-down on their home's value, when factoring in their unpaid mortgage balance. Which using one translation, means they owe more than the home is worth.
Since a banking institution somewhere actually owns more of the property cashwise, than the occupants, I don't their stake as significant as landowners - since they don't actually own it.
According to Thomas J. Stanley, PhD, the median net worth of the 115 million households in America, after deducting their equity in cars and home if any is a paltry $34K. There's just not a lot of skin in the game, when you get down to the bare bone basics of the median individual's net worth.
This has somewhat been exposed in how an individual without announcing his plan for America got elected using a decidedly populist, empty slogan or two, to the highest office in the land. The country is being ruled by this one individual and his affiliated one party rule, and that party is not following majority opinion on almost any subject. In fact, they are creating law on subjects where OVER 70%+ oppose them.
Given these facts, at this time in our country's history, I'm afraid that majority "mob-rule" would serve our country well, it seems to me.
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Sure, until the other, larger mob comes to your house....
Many folks might not own land, but a significant portion of them own weapons. Mob rule... be careful what you ask for