David SimsEssays

Jewish Scam Makes Home Ownership Nearly Impossible

by David Sims

LESS THAN sixty years ago, a US citizen could buy a good house for his family with less than his income over two years. If he made $9,000 per year, then his house probably cost him $12,000. Today, the man might make $81,000 per year, but his house costs upwards of $600,000.

It makes sense that a house would cost about what its buyer would earn in 1.5 to two years. Its cost should cover the basic materials, plus the wages of the laborers during the time it takes them to do the job. And it should allow the workers’ employer, who is basically nothing more than a glorified middle-man, to get a considerable pay-off for the time and trouble of discussing the deal with his customer.

The excess in what a house costs today, above what their buyers make in two years, is the result of the usury practiced by the Federal Reserve and the commercial banking system.

Wages have gone up by a factor of nine, but costs have gone up by a factor of 50. People’s attitudes have adjusted so that they think that it is “normal” that working people can’t afford housing — that young people can’t find jobs that pay enough to let them move out of the basement in their parents’ homes — that older people can’t afford to retire, ever.

It isn’t normal.

It’s the accumulating effect of the Federal Reserve System. And it will only get worse unless the Federal Reserve is abolished. It was a stupid idea from the beginning, and it was enacted only because the politicians who let it happen knew that the really bad consequences would arrive only after they were long dead.

Abolish the Federal Reserve System. Repudiate the public debt. Outlaw usury. Punish the traitors who profit from it, some of whom steal more in a day than an honest working man makes in a lifetime.

* * *

Source: Author

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12 Comments

  1. Disgusted
    16 December, 2017 at 6:02 pm — Reply

    Why there are periodic pogroms.

  2. Arvin N. Prebost
    17 December, 2017 at 9:25 am — Reply

    I wish the author would have explained exactly what trick the Federal Reserve is playing on people to keep them in economic impotency.

  3. Arvin N. Prebost
    17 December, 2017 at 9:34 am — Reply

    “Today, the man might make $81,000 per year, but his house costs upwards of $600,000.”

    Not in the part of the country where I live. You can indeed get a very good house here for around $150K. But I would admit that most people make probably around $40K per year, so let’s make it four years worth of salary instead of two.

    I think that the schools are the determining factor. When the government ruins the schools the people with children move away. Their home values go down, crime increases, and more Whites move out.

    • Travon Martinberg
      17 December, 2017 at 11:11 pm — Reply

      $150K does meet Mr. Sims’ metric if household income is used, two people at $40k or $80k and maybe $2k for summer jobs.

  4. Axis Sally
    17 December, 2017 at 8:16 pm — Reply

    What can one say other than the obvious? The Führer was right. The United States is getting its comeuppance. Poetic justice is beautiful.

  5. Travon Martinberg
    18 December, 2017 at 12:09 pm — Reply

    The Federal Reserve’s effect is to change the interest rates, the Prime rate for mortgages. When interest rates drop, home prices rise since the total monthly payment will stay the same. Interest rates have been historically low for the last 10 years, usually under 4% annual. The income tax deduction for the interest also factors in.

    Home prices in general have risen because people want more bedrooms, bathrooms and garages, etc. The 2 bedroom 1 car garage home is usually found now in barrios and ghettos that were decent White communities 50+ years ago, the exception being in places like northern NJ where NYC-caused ((inflation)) has kept Whites in small, old “saltbox” homes slapped with plastic siding.

    • 18 December, 2017 at 12:55 pm — Reply

      I don’t think Mr. Sims was referring to the changing of interest rates, but rather to 1) the creation of money out of nothing by the fed (and the entire fractional reserve banking system centered in the fed), which causes inflation and 2) the inherent inability of the current banking system to create more than just the principal, meaning that the banks will always scrape real wealth or property away from the people (essentially for doing nothing, a Jewish wet dream), more and more as time goes on.

      He explains his views here:
      https://nationalvanguard.org/2016/06/usurers-begone/
      https://nationalvanguard.org/2015/06/the-evolution-of-the-jewish-banking-swindle/

      In my opinion, even though Whites are still relatively prosperous, this process has made us far poorer than we would be otherwise. When you add to this the gigantic wealth hit we have taken by supporting non-Whites, the effect is likely huge:

      https://nationalvanguard.org/2014/06/the-cost/

      • Travon MartinChase
        22 December, 2017 at 10:34 am — Reply

        Every bank loan is a creation of money out of thin air. The bank’s check to a borrower doesn’t bounce because on the bank’s books, the check is less than the bank’s reserve, which is its total deposits. The bank generates hundreds of loans that, all totaled, are many times its reserve, as long as the reserve is larger than a fed-set minimum, computed on the fed-set percentage of the total loans outstanding. As an incentive to keep deposits that make up the reserve, banks pay interest on savings. These payments are now small; however; banks have branched out to sell financial instruments such as CDs, which raise liquidity concerns to those who favor greater bank regulation. The interest banks charge is partially to account for inflation reducing the value of the principal paid back – which the bank caused in the first place, with the rest being administrative costs and profits. It is a highly imperfect system.

  6. no name
    21 December, 2017 at 7:05 am — Reply

    Immigrants are looting their countries of origin then buying property in Caifornia pushing Americans out.

  7. Joe
    21 December, 2017 at 10:36 am — Reply

    This is one subject Dr. Pierce didn’t touch on very often. I know his specialty was physics, but being the great communicator that he was, it would have been great had he delved into this topic more. I have always thought that usury and the control of money issuance is the fount from which all of the jews’ power flows. Without it, even their media empires would be much harder to hold. With control of the world’s money supplies, they are able to corrupt anything and anyone to do their bidding. And in my opinion, this was the MAIN reason why NS Germany was targeted for complete destruction. Hitler had figured this out and removed the international banking system from around their necks. Within 2 years, and a mark based on German Labor rather than debt, they vaulted out of the Great Depression and into prosperity. Coincidence? Hardly. THIS is the greatest lesson we must glean from all of Hitler’s policies.

  8. Sic Semper
    21 December, 2017 at 4:24 pm — Reply

    A jew pickpockets a goy. The goy catches the jew redhanded, the jew’s hand is the goy’s pocket and is lifting out his wallet. The goy grabs the jew, but the jew won’t let go of the wallet. “It’s mine” says the jew. “My ID is in there, how can it be your’s?” screams the goy. “All the money in it will be mine sooner or later, I was just making sure you didn’t lose any of my money” said the jew.

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