Brother Can You Spare a Bit Coin? | Philip A. Farruggio

Phiilip A. Farrugio -- World News Trust

March 1, 2015

During the 30s a popular song asked, "Brother can you spare a dime?" Well, that was their depression; we now have our own to focus on.

Oh, wait a minute! Do we really have a depression now? No, that can't be! The media and the politicos say we had a recession and now we're coming out of it. Yet, when this writer drives around the cities and towns here in North Central Florida, all one sees are "For Lease" signs where Mom and Pop businesses used to be. I mean, all over!

One reason is that these landlords do not need to go by the old adage of "Supply and demand," meaning that if they cannot get the rental price they want, they must lower the price. Why should they when they can sit on their vacant units and get tax write-offs for loss of income. Funny, when my cafe was suffering from less business we couldn't write that off our taxes.

We all know about the myriad of foreclosed homes that inundate major parts of our nation. That is "old history" right? What the media fails to focus on is the trend, I mean the major trend, of mega corporations buying up foreclosed and underwater homes for peanuts and making them "rental properties."

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