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How Wealth and Income are Concentrated

From OfTwoMinds blog…

The Lesson of Empires: Once Privilege Limits Social Mobility, Collapse Is Inevitable

April 18, 2016

The next few years will strip away the illusions of “growth” and reveal which dominates our society and economy: privilege or social mobility.

Among the many lessons of empires is one shared by virtually every empire:once the privileged few limit the rise of those from humble origins (i.e. social mobility), the empire is doomed to rising instability and collapse.

Just as a reminder of how wealth and income are increasingly concentrated in the top of the wealth/power pyramid:

The greater the concentration of wealth and power, the lower the social mobility; the lower the social mobility, the greater the odds that the system will collapse when faced with a crisis that it would have easily handled in more egalitarian times.

When the economy is expanding faster than the population and the tide is lifting all ships large and small, the majority of people feel their chances of getting ahead are positive (even if the actual chances remain low).

But when the economy is stagnating, and they see those at the apex of the pyramid still amassing monumental gains, the majority realizes their chances of securing a better life are declining.

The natural result is frustration, anger and a disavowal of the corrupt status quo: in other words, precisely what the U.S. is experiencing in this election cycle.

Keep reading: http://www.oftwominds.com/blogapr16/mobility-collapse4-16.html

 

 

For the most up-to-date info on houses for sale

I get calls all of the time from people asking about XYZ property.  It doesn’t register.  So I do a quick search— but nothing comes up.  So we talk a bit more and I tell them I’ll do some research and get back with them with what I find.  This happens all of the time- like every day.

What happens next is pretty much routine.  I start down a list of websites which includes Zillow, Trulia, Craigslist, etc.  Sooner or later I find the XYZ property, and after cross-referencing it with other public records I discover that the property has already sold or is winding its’ way through the foreclosure process.  Those that are lingering in the foreclosure pipeline are not available to purchase- no mater who you call or how many times you call.  You can fuggetaboutem.  Someday down the road (months or even years from now) they’ll be brought to market- that is, if they’re not purchased for cash off the courthouse steps.

And the ones that have already sold?  Well, they’ve sold and are no longer available.

So, if you want to buy a house, and want to have the first crack at new houses as they come onto the market, then go to my website www.indyschoicerealestate.com and click on the Available Properties tab.  From there you can select whichever tab/property type appeals to you; OR you can select All Properties and then make use of the EZ Button OR you can select the House Finder Service (and after telling us what you want we’ll do all the work to find the perfect property for you!)  Going this route, you’ll have access to all the latest in information that could possibly be available.

So, why do those other sites have old information and advertise houses that have already been sold?  Well, they’re aggregators, meaning once a week or every couple of days they sweep up info from other sites and then label it their own.  But, because they do not operate in real time, their posts are sometimes stale.  Others just leave properties on marked Active even though they’ve been sold so that possible buyers will call them and they can sell them a different house.  So, back to the paragraph above, if you want the most accurate, current info available then head on over to my website!  www.indyschoicerealestate.comK

And P.S. if you have questions, just ask.  I’ll be happy to make your search successful and more convenient!

 “I work harder to make good things happen!!”
  -Bob