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Goodbye middle class: Rate of home ownership in U.S. is the lowest ever

The percentage of Americans that own a home has fallen to the lowest level ever recorded. During the second quarter of 2016, the non-seasonally adjusted homeownership rate fell to just 62.9 percent, which was exactly where it was at when the U.S. Census began publishing this measurement back in 1965. This is not what a "recovery" looks like. All throughout the Obama years, the percentage of Americans that own a home has gotten smaller and smaller and smaller. The reason for this, of course, is that the middle class in America is dying. Last year, we learned that middle class Americans now make up a minority of the population for the first time ever. In order to have a high rate of homeownership, you need a thriving middle class, and you can't have a thriving middle class without good paying middle class jobs. This is why I write about the evisceration of the middle class so extensively, because the U.S. economy is systematically being hollowed out and most Americans don't understand what is happening.

Traditionally, owning a home has been a sign that you have arrived as a member of the middle class, but under Barack Obama the percentage of Americans that own a home has fallen every single year. In the past, we have talked about how it had fallen to the lowest level in decades, but now it has officially fallen to the lowest level ever. The following comes from CNBC...
After rising just over a decade ago to its highest level ever, the nation's homeownership rate fell to match its all-time low and could drop even further in the months to come.

In the second quarter of this year, the rate fell to 62.9 percent, not seasonally adjusted, which is the same as it was in 1965, when the U.S. Census started tracking the metric. During the epic housing boom in the mid-2000s, the rate soared as high as 69.2 percent. That was when politicians touted the so-called "ownership society."
So why is this happening?

Comment: With a little bit of sacrifice each day, it is possible to create a supply pantry to carry one through leaner times.


Handcuffs

BC Supreme Court Justice slams RCMP: "The world has enough terrorists, we do not need the police to create more" - Entrapped couple's terrorism conviction overturned

© Darryl Dyck/The Canadian Press
John Nuttall, back, and Amanda Korody embrace each other at B.C. Supreme Court after a judge ruled the couple were entrapped by the RCMP in a police-manufactured crime, in Vancouver on Friday, July 29, 2016.
Former Surrey residents John Nuttall and Amanda Korody embraced in the lobby of B.C. Supreme Court on Friday, passionately kissing, free after 37 months imprisonment, their terrorism convictions overturned.

"We're just happy," Nuttall said to reporters before leaving in a cab.

But within hours, after "a nice lunch on The Drive," four Vancouver police cruisers screeched to a halt and the couple was taken away in handcuffs.

Late in the afternoon, they went before B.C. provincial court Judge Reg Harris and agreed to peace bond terms that included geographic restrictions banning them from the legislature grounds, Canadian Forces Bases, synagogues and Jewish schools.

They were then released again.

Comment: This is huge news. What B.C. Supreme Court Justice Catherine Bruce is what we have been saying for years. How many of these stories have we been seeing in the U.S. since the bogus 'war on terror' began!? Too many to count! Canada's "CIA" - CSIS - got in on the act of entrapping gullible and mentally challenged individuals - thanks to the instruction manuals and direction of their psychopathic buddies to the south, no doubt. But this case sets a precedent that will hopefully make them think twice about doing it again (it's a long shot, but it's more than the U.S. has).

Like the CIA, NATO and many other "security" agencies that exist, CSIS needs to manufacture acts of terror in order to justify its existence and payroll. These are the real terrorist nut jobs; demanding a salary for being able to act out their U.S. and Israeli-inspired pathological tendencies. Now if only something similar were to happen in the States.

Just a sampling of the hundreds of stories we have covered here highlighting the problem:


Handcuffs

Man arrested for child abuse said God told him to throw boy into pool and repeatedly dunk him


Henry Love
Police said Henry Love woke up an 11-year-old boy at his home and took him over to a neighbor's house, where he dropped him in a pool and dunked him over and over.

"I don't know why he would have done that," neighbor Patty Tutoni said. "Baptism is in the church; it's not in your pool. I don't have any answer for him to do that."

Tutoni said she's been living next to Love for six years and that he's a quiet, decent man. "Any time I see him, he's always waving hello," Totoni said. "(He's a) very conservative neighbor. I love him as my neighbor, to be honest with you."

Eye 2

Psychopaths: Wtinesses say that after slitting priest's throat, Normandy church attackers smiled & talked peace and God

© Pascal Rossignol / Reuters
French CRS police secure a street near the church after a hostage-taking in Saint-Etienne-du-Rouvray near Rouen in Normandy, France, July 26, 2016
Two nuns, who were taken hostage by two jihadists in a Normandy church on Tuesday, gave accounts of their ordeals. They said one of the attackers smiled happily after slitting Father Jacques Hamel's throat and a bizarre theological dispute followed the crime.

Abdel Malik Petitjean and Adel Kermiche, both 19, were killed by French police as they tried to flee the 17th century Catholic church in the town of Saint-Etienne-du-Rouvray in the north of France just after killing its priest and seriously injuring an elderly parishioner.

Sister Huguette Peron and Sister Helene Decaux, both in their early 80s, were among the people taken hostage by the attackers, who pledged allegiance to the terrorist group Islamic State (IS, formerly ISIS/ISIL). Two days after the attack the still shocked women talked to the Catholic newspaper La Vie, which published their interview on Friday.

Crusader

Russian military announces four more humanitarian corridors to be opened in Aleppo


Syrian girls carry bags with bread as people queue up outisde a bakery in the northern city of Aleppo.
Dozens of civilians and surrendering militants have used humanitarian corridors set up by Russian and Syrian military in the besieged city of Aleppo, Russia's Defense ministry said on Saturday, adding that four more corridors are to open soon.

Russian-Syrian humanitarian operation in Aleppo began on Thursday when three humanitarian corridors were opened in the city.

Since then, 169 civilians have used the corridors, as well as 69 militants, who chose to lay down arms, Lieutenant-General Sergey Chvarkov, the head Russian reconciliation center in Syria, said.

Megaphone

Father who kept British daughter 'in cage because she kissed a guy' in Saudi loses legal bid to restrict media

© Dawson Cornwell / Facebook
An academic accused of imprisoning his 21-year-old daughter in Saudi Arabia, has failed to limit reporting of the case following a UK High Court ruling.

Amina Al-Jeffery was taken from her home in Wales four years ago and kept in a "cage" at her father's dwelling in Jeddah, according to the Independent.

Mohammed Al-Jeffery is believed to have locked his daughter up because she "kissed a guy."

Ambulance

At least 16 feared dead in fiery hot air balloon crash near Austin, Texas

A hot air balloon carrying at least 16 people caught on fire and crashed in Central Texas on Saturday, causing what authorities described as a "significant loss of life."

The crash happened at about 7:40 a.m. in a pasture near Lockhart, and Lynn Lunsford with the Federal Aviation Administration said earlier that the balloon was carrying at least 16 people.

Sixteen deaths would rank the accident as one of the worst hot-air balloon crashes in history, surpassed only by a crash in Luxor, Egypt, in February 2013 that killed 19 people.

The crash in Texas Saturday appeared to be far and away the worst hot-air ballooning accident in the United States. That record had been six people who died in August 1993 in Woody Creek, Colorado, when a wind gust blew a balloon into a power line complex and severed the basket from the balloon.

Erik Grosof with the National Transportation Safety Board would not provide the exact number of fatalities.




Eye 2

Brothel bust: Rio de Janeiro police smash prostitution ring near Olympic stadium

COPS in Rio have smashed a high-class prostitution ring operating in front of the stadium where Olympic Games will start in just a matter of days.

Pimps rented three luxury flats in a penthouse in Barra da Tijuca, turning it into a 24-hour brothel as they ran a child prostitution network.

Many of the expensive flats in the Villas da Barra complex are being rented out to international tourists with families and young children for thousands of pounds.

The debauched gang planned to pimp out girls to Olympic visitors and athletes.

The Olympic Park is just minutes away from the flats and is clearly visible in the recorded police images from the penthouse balcony.

Handcuffs

Australia counter-sues guard-abused aboriginal minors in N. Territory prison

© ABC
Dylan Voller was strapped to mechanical restraint chair in the Northern Territory and left there for two hours
Australia has launched a counter-suit against two of the six aboriginal children recently revealed to have been abused by prison guards, alleging the minors had damaged the prison in an escape attempt.

© www.jokpeme.com
This frame grab from footage recently released purportedly shows a male minor (R) pushed into the wall by prison guards.
Footage broadcast recently showed minors purportedly being abused at the hands of guards, who were seen hooding the youths, strapping them to chairs naked or half-naked, and throwing them into a cell by the neck at the Don Dale Youth Detention Center.

The victims filed lawsuits against the center and the guards, seeking compensation. Court documents from their legal complaint "outline in vivid detail mistreatment by staff at the facility, including beatings with batons and the use of teargas," according to Reuters.

In a July 4 response to the complaints, the Northern Territory government counter-sued, seeking over 120,000 US dollars in damages for "an escape attempt in which two of the boys stole a car, before using it to ram a roller-door and re-enter the prison." The government is further seeking interest on the damages and the reimbursement of its legal costs.

Aborigines comprise only three percent of Australia's population but make up 27 percent of prison inmates and represent a whopping 94 percent of the Northern Territory's juveniles detainees.

Comment: Dylan Voller, age eleven, aboriginal. Racist policing in Australia coupled with institutionalized abuse. Counter-suing children? Really? How does that work?


Stormtrooper

Police state spreads to UK: London police filmed pinning down, putting hood on young black man over argument with girlfriend

© RT
Police have launched an internal inquiry after footage emerged of a young black man being pinned to the ground by a group of officers and having a spit hood placed over his head at a London train station.

IK Aihie, 20, was detained by British Transport Police at London Bridge Station on July 21.

The officers claim Aihie became "aggressive" after they intervened in an argument between him and his girlfriend.

Police say he threatened to spit at them, so they placed a covering called a "spit guard" over his head, which is designed to protect officers from prisoners biting and spitting.

The footage shows Aihie yelling "it hurts, it hurts," as he is pinned to the ground.