The Delores tank rolled on inexorably, You get a mortgage to buy a house, a larger mortgage than the previous owner because the price of the house has been artificially increased by the market, which is controlled by the banks. Then you live in the house for a few years paying a lot more in mortgage payments than you would if you were renting a similar property. But hey, you own it and can do things to it things that cost even more money, by the way so you maintain its upkeep, improve it with say a new kitchen or bathroom; the more salubrious the neighbourhood the more expensive the kitchen would need to be a Kche & Cucina, say; impressing your cleaner is very important after all and at the end you sell it to someone else for more than you paid for it so theyll need an even bigger mortgage. And all the while everyone is paying all this money to the banks and the banks give the money to their shareholders, the biggest of whom are the incredibly rich. This, when you boil it all down, means that youre taking a large sum out of your wages and passing it across to some rich person to live large, whilst you and others like you struggle to make their monthly payments. Basically youve been screwed, Doc, but somehow theyve convinced you that you own a bit of England, when the truth is you dont really own anything, youre just renting it at a higher cost and they can take it back from you any time they want. Its all just a card trick, Doc. All just smoke and mirrors and thats whats getting to me.

About This Quote

About Arun D. Ellis, Corpalism

Arun D. Ellis, Corpalism.

Themes

  • History — Lessons from the past and the arc of human civilisation
  • Politics — Governance, civic duty, and the structures of power

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