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The idea that “you will own nothing and be happy” is coming to fruition.
Glenn Beck long warned that government elites have been planning to push people out of homeownership and into renting, and it seems their new American dream is finally coming true.
Not only are they attempting to rid Americans of all their earthly possessions, but they’re blaming them for wanting those possessions in the first place.
Glenn references a recent article from Axios, titled "The Problem With America’s High Homeownership Rate," which claims that “America’s decades-long love affair with home ownership is holding back the economy and hobbling the Federal Reserve and exacerbating a national housing crisis.”
“We got into the ‘08 crisis because the government was pushing home ownership. Everybody became overextended. Now, they’re pushing for you to get rid of your home,” Glenn says, adding, “I think this is the first shot of the government trying to get people out of their homes.”
Former investment banker Carol Roth believes it's actually the “second shot.”
After the 2008 crisis, “Americans lost about 6 million homes to foreclosures and short sales,” Roth says.
“And then they went out because they had so much money, had to do something with it, they bought up homes,” Glenn says, finishing Roth’s point.
Roth notes that at the end of 2022, one in every five homes in America was being bought by a corporate entity.
“Now you have this gentleman from Axios, who is one of the economic media darlings, if you will, coming out and not only saying, ‘Oh, it’s really a problem that you own your home, it’s really a problem that you have this asset that’s creating legacy wealth for you and your family,’” Roth tells Glenn.
“The mental gymnastics it took for him to get there. ‘Oh, this is holding back the economy, and this is crippling the FED,’ as if it wasn’t FED policy and the government policy that got us here in the first place,” Roth adds.
“The idea that they’re blaming you for creating wealth instead of blaming the arsonists who burnt down the economy — the government and the FED — is absolutely despicable.”
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