US - Real Estate bubble is still growing !!!~

The U.S. Standard of Living is what makes the United States, Great. That We demand the social needs of every American to be meet, caring for their welfare, along with our own. Leaving no one behind in battle or life.

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The cost of housing in America increase at an estimated rate of 20% a year. The real-estate bubble did not only include housing for entrepreneurs and home owners, but for renters of housing and apartments with a guaranteed increase of 5% a year. This has been going own for decades.

Living at an apartment complex, I have seen the result of individuals not able to continue paying their rent. Approximately, one eviction per week since I have been living at an area of apartment complexes. (six years).
         

The 3% hourly pay rate increase (2017) is said to be due to the 3% product price increase. This projection of the US economy is false and misleading. The greatest expense is housing increase at 5% for apartment rentals and 5.1% for residential property. So the 58.7 % hourly workers will lose 2% purchasing power for US businesses. The real-estate bubble is forming again for the US public and no one is doing anything about it.

The reason I write this is because, the people that are going to be affected. The @ 15% or $10.10 minimum wage earners and @ 20 to 25 % - $14.35 earners and 58.6 % of the total hourly rate earners will lose 2% purchasing power for American businesses. This power supports billions of dollars of US business production & profits. Because workers won’t be able to purchase the new cars, appliances, new clothes, or dinners and services, ect… at local restaurant and businesses.

Profits by US businesses is not without limits and those limits are the consumer public. Destroy their ability to buy products; there will be no support for new industries. This could be handled by the Federal Trade Commission (FTC). Specifically, Sherman Anti-trust Act, Federal Trade Commission Act, Clayton Act, and the Robinson-Patman Act, or local State Government similar Acts.

The US can regulate the interest rates of the banking firms to produce a higher growth rate among the US public; so why can’t we regulate the increase price of  rental property. There isn’t a day when I don’t see an advertisement of becoming  a land owner and make easy, life long income. The bubble is forming and the economy can’t sustain this imbalance of income; allowing some to get rich off of this imbalance.

For over 100 years, the anti-trust laws have had the same basic objective, to protect the process of competition for the benefit of consumers, & businesses; making sure there are strong incentives for businesses to operate efficiently, keep prices down, and keep quality up, while protecting the purchasing power of the consumer.

I hope to see your voices making a difference, We have a chance to make the Utopia in America a stronger reality. Of the People, By the People, For the People.

Also, I like to add that the increase in health care should be scrutinized and regulated.