The Larry Parks Show Episode 1043: Housing and Stock Markets Face Existential Risk

Basic Information
Public Title: 
Housing and Stock Markets Face Existential Risk
Short Description: 

Some might conclude that some home ownership has indicia of a scam. Some (many) people are induced to “buy” homes they cannot afford by taking on debt. Somehow debt becomes too expensive for them to service. Real estate tax increases, and other unforeseen events result in foreclosure. If the market value of the house is less than the mortgage, the difference is still owed. These people then become debt slaves. “It’s the middle class that protects us from the Barbarians.”

Episode Number: 
1043
Format: 
MPEG2
Schedule Type: 
Series
Runtime: 
28 mins
Categories
Rating: 
General Audience
Content Type: 
Other
Language: 
English
Neighborhood: 
Nationwide
Theme: 
Housing
Internet Archive Thumb: 

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