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kitten seeking answers's avatar

meaning… mort-gage = death -gamble

the water & energy issues in CA are intentionally manufactured through decades of sinister policy decisions by the State…

https://abundanceca.com/news/

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Fadi Lama's avatar

Lovely. You address an important aspect of housing, namely a means for extracting wealth from society. There is however another equally important aspect, "taming", developing a culture of obedience in corporations.

Buying a house is a financially losing proposition unless you live long enough in that house. Because you have to pay real estate agent fees when buying and when selling, and the first few years you are mostly paying interest and not principal.

If you have a specialized job, odds of finding a similar job in same city are remote, finding a new job usually means relocating. Unknowingly therefore buying a house acts to "tame" you.

Shortly after starting work at a major company in the US, I was jogging with Jay, director of my department, we had a short conversation:

Jay, pointing to some nice new houses being built, says, why don't you buy a house, real estate prices here will rise.

I point to my neck, saying: what do you see?

Jay: Nothing

Me: Exactly, and I want to keep it that way. (meaning no leash on my neck) ;-)

I started the job on September 9th and decided to furnish the apartment I rented with salary of the first 21 days. So, whenever I wanted to quit there would be nothing holding me back.

At work I could observe how employees, particularly at the managerial level were tamed. Most would be desperate to keep their job, hence making sure to keep their direct boss and upper management pleased with them. Few would rock the boat. Mortgage is one of the main taming instruments.

In the long term, this has a negative effect on company performance. What Boeing is going through now, is partly to blame on this culture of obedience that has developed in corporations.

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