Thank you for sharing that. I didn't know about that, it is pretty awful. I know the cost of renting is often much higher than the price of buying your own home. That keeps people living paycheck to paycheck. They have a hard time saving up for a down payment. People get trapped renting. Often times investors buy up houses and just rent them out, and the tenants pay the mortgage payment for the landlords, and even after making the mortgage payment the landlords have money to spare. They charge the tenants sometimes two to three times what their mortgage payment is on that property. So in this case the poor are stuck buying homes for the wealthy.
What I know though, is that the wealthy are not better or anything, it is just that sometimes they just know some things the poor don't. Like MR Rothschilds. He is serious when he says that his success is in his DNA. The wealthy claim that their superior DNA is what allows them to prosper. But I think what they really mean when they say that, is the knowledge passed down to them from generation to generation. They are not special, they just know how the system works, and all the tricks of the trade. They use it to their advantage.
Meanwhile the common plebeians are so busy working two or three jobs, taking care of kids, and every penny goes towards bills. They are in constant stress trying to survive, they never even have time to look up and find a way to live easier. They don't have time to find out. But in reality most of them could be paying half the money that they do to survive. That is the difference between the wealthy and the poor.
If you are a wealthy landlord how can you look down on that poor person who is paying many more times than you to survive? And maybe even that poor person is giving you the money that you use to survive on, while that poor person is barley getting by. The common persons rent is many times higher than a mortgage. The poor only have less, because it is all being given to the wealthy. If the poor person pays 1500 in rent but the wealthy person only pays 400 to 700 for the mortgage payment for that very property, that is just insane. The poor person is paying the way for the wealthy person. Their paycheck is making the wealthy, wealthy.
The wealthy may look down on the poor, but in reality they live off of the backs of the poor. The poor are stuck because too much is being taken from them. It keeps them trapped in poverty.
It only takes a little knowledge, and a little extra money to change your life, but who has the time to find that out?