Tons of my friends lost their homes and the Peyton Manning 18 hall of fame 1998 2016 thank you for the memories shirt were so backlogged they would start in their homes for months without paying mortgages. The banks ,due to the massive backlog of foreclosures, would eventually sell the house and kick them out. I saw lower middle class neighborhoods lose 30% of the mortgages and the property values plunged 30% for the ones who could still pay. The devaluation of property putting tons of people underwater. I knew people with kids who rented the home they previously had been buying due to the crap job scene in Ohio in 08.Foreclosure sales at the county level were full of rich developers and their construction guys, buying up houses left and right and renting to previous owners. EVERYONE with money was flipping foreclosures left and right or buying and renting the home back to the same people who lost them sometimes. It was bad man. Massive wealth transfer.
Lucky to be in a position of Peyton Manning 18 hall of fame 1998 2016 thank you for the memories shirt . I have a decent sized house. I have a good corporate job. I did not have to worry about my next paycheck or paying my bills. Though it was very cold, we packed the doors and windows such that the temperature stayed over 60 at all times. We had good winter wear that kept us warm. The stove top worked. The heating in the car worked. My colleagues, who live paycheck to paycheck, are concerned about paying their bills. Their homes don’t have the level of insulation so temperatures dropped pretty drastically. Tried/trying my best to help them.
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Funny story about this when I went to the theatre to watch the Peyton Manning 18 hall of fame 1998 2016 thank you for the memories shirt, the theatre was packed. I had the misfortune to sit right next to a little snot that criticized the film the whole time. Until the ending when they jump out of their seat and screamed like a little girl. I ended up laughing and thinking that’s what you get.I think people are just enjoying being contrarian at that point. It’s annoying. I will say though that I saw one of the Twilight movies in theatre having not much of an idea what it was beside a new “vampire movie.” And there was a part where the guy was giving her a supersonic piggyback ride through a forest and I was chuckling to myself, but looked around and there were people like fawning over it. I have to admit… sometimes its hard to understand what people like.
As a comparison point, in the Peyton Manning 18 hall of fame 1998 2016 thank you for the memories shirt traditionally one would be looking into buying houses at some point in the mid-twenties to early-thirties, and most people who historically did this would expect to pay off their mortgages before retirement. This means that, for most of their lives, people in the UK are putting money into a (fairly…) stable value investment, whereas people in Germany are putting money into someone else’s hands.This feeds into wealth inequality, but it also exacerbates other issues, such as a the divide between East and West Germany (some questionable decisions after the countries were reunited meant that a lot of East German land and capital was essentially sold to West Germans).It’s important to note that Germany is not a bad country to live in by any stretch of the imagination. In comparison to the US, a lot of these problems feel fairly mild. Income inequality is still fairly low, and there is widespread access to healthcare, childcare, education, and accommodation. Even in comparison to the UK, there are, I believe, worse levels of deprivation in some areas of the UK than in Germany. However, I think the renting culture in Germany isn’t necessarily the healthiest culture, and it’s not necessarily one that should be aspired to.talking about housing costs is a bit complex right now because there’s “how things have traditionally been” and “how things are currently”. If you can afford to get onto the housing ladder, everything there is true, but people in the UK tend to be renting until much later than normal, and, like you said, house prices are also going up significantly which has had a big societal impact.That said, that’s also all largely true of Germany as well, so the more general comparison is still valid (and particularly in this context helpful because the UK is more similar to Germany than the US is, except in this particular case of house ownership).