Many Americans face a growing problem to pay the rent and mortgage.
Scott Galloway, New York University Professor and POF G show podcasts, there are several serious things about the truth facing people and the big problem is six words that simply explain as much as possible.
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No mercy / no badly publishes, Galloway, Galloway calls for some bold words and housing costs with a home, mortgage and housing costs.
Related: Scott Galloway sends a strong message from home purchase, housing crisis
Galloway clarifies a number of important facts to review. About a third of all Americans are rented, pay for mortgage loans and homes.
And the full half of these tenants are considered to be downloaded at the cost of these payments, a US Census Bureau. This means that only 30% of their income live in their homes.
Galloway breaks this truth into the words of these six substances in the truth.
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Scott Galloway speaks of a growing problem with home and rent costs
Galloway, who fled Jimmy McMillan, who fled for the governor of New York in 2010, stressed the problem in a statement.
“Rent is too damned,” he said write.
Galloway describes the challenge as a crisis, not an apartment crisis. One of the most obvious ways to do this is diving in the details of the house around the world’s mortgage and rental value compared to internal American income.
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For example, for rent, people cost more than the amount of money to be one and a half times a half times, and only in the last six years.
As for home purchases, the information comes to the most affected by the younger generation. For the first time, people who receive the houses and mortgage payments, the average of 29 years old four years ago before 29 years of age.
Today is average age 35.
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Scott explains a new way to think about Galloway, home and real estate
Galloway discusses the material confidence of a person as the main component of the house, an apartment and rental equation.
“If the Economic Security is a nutrition of the capitalist society, maybe we must stop thinking apartment as investing, but it is necessary to consume,” he said.
An offer of a solution that can help some government intervention.
“The construction of a low-valuable unit for young people combined with tax-dominated incentives to invest in the market results in a better way for wealth,” Galloway said.
“In addition, we must eliminate apartments from the growing list of sources of concern for young people,” he said. “This is an investment strategy or stomach apartment that you deserve to start your investment strategy or spouse, starting a family or gain status.”
Galloway writes that Americans have more tolerance for some local developments they live more than they usually live.
A citt Yougov inquiry In 90% of the construction of more than the construction of a large number of single-family houses, there are hours of a nation and 81% in 81%.
“High housing is 88% for national support, local support is 84%. 76% of national Americans are more apartments, 65% of Americans are building more apartments in locations,” Galloway wrote.
“Low-income apartments and homeless shelters are the least popular types of housing, but there is a local support request in 2 to 1,” he said. “If you are a politician, the green light was given to ignore Nimbys (not to local activists not in the yard).”
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