[0:01] One thing I hear about constantly is the

[0:03] excessive cost of buying a house. And

[0:05] with an average starting price of around

[0:08] 360K,

[0:10] that's something I can totally

[0:11] sympathize with. So, as a consequence, I

[0:14] know so many of you out there listen to

[0:17] my show for answers. I decided to come

[0:19] up with one. And if you just hear me out

[0:22] and watch or listen to the very end, I

[0:25] believe you'll agree it's a workable

[0:27] solution. or at least that you've never

[0:30] heard anything like this before. And I

[0:33] believe it's something that can and

[0:35] should be done.

[0:49] Now, before I go into some of the nuts

[0:51] and bolts of how this works, there's

[0:54] something I would like to make very

[0:56] clear. Workable solutions call for

[0:59] compromise. It has always been that way

[1:02] and it probably always will. And in

[1:05] order for this solution to work, you

[1:07] first and foremost must understand and

[1:10] accept that because if you can't, this

[1:13] proposal simply isn't going to work. And

[1:17] we're back to square one. So, if you're

[1:20] sick of the current situation with house

[1:23] prices, you have to consider solutions.

[1:26] sometimes radical solutions. So consider

[1:30] what I'm about to tell you with an open

[1:33] mind because this may be the only

[1:36] realistic option available. For

[1:39] approximately the last 80 years, home

[1:42] ownership, aka the American dream, has

[1:46] been relentlessly pressed into the

[1:49] consciousness of Americans. And since

] the end of World War II in: 1945

[1:55] about 1975 or 30 years, that dream was

[2:00] certainly still doable. Not only that,

[2:04] it was doable on a single income. And

] even though by: 1975

[2:09] it was the very end of it, I lived it

[2:12] and all of my friends and family lived

[2:14] it. I don't have to look up a lot of

[2:16] historical facts and figures to back

[2:19] that up because I lived it. My old man

[2:24] had a union job at a steel mill and that

[2:27] single income bought the house, a modest

[2:30] car, decent food, and savings in the

[2:33] bank. And I'm sure to many of you

[2:37] boomers out there, this is certainly no

[2:40] surprise.

[2:41] But that was then and it's certainly not

[2:44] the reality we live in now. And I want

[2:47] everyone to know from 17 to 70 that I

[2:52] completely understand that.

[2:55] Briefly before I continue, if you're

[2:57] enjoying this episode and you haven't

[2:59] already done so, please consider

[3:01] subscribing and hit that notification

[3:03] bell. By subscribing, you really do help

[3:06] the Earnest Van Show continue to grow.

[3:10] And if you leave a comment or a

[3:12] question, I actually read and respond to

[3:15] them all and I really do appreciate you

[3:18] reaching out. Now, back to the episode.

[3:23] Okay, here's where the rubber meets the

[3:25] road of what I'm proposing.

[3:29] The only rational solution is to stop

[3:33] any and all home purchases and convert

[3:36] the system to properties which are

[3:39] rented by banks or other large financial

[3:43] institutions.

[3:45] I'm proposing a program called never own

[3:48] home again or noa. And in general it

[3:52] would work like this. The very first

[3:55] part of the program, which is actually

[3:59] quite quick, simple and easy, is that

[4:02] citizens will be classified due to the

[4:05] Citizen Reclassification Act into two

[4:09] major groups, citizens and subcitizens.

[4:14] Subcitizens being defined as any

[4:16] individual earning less than $1 million

[4:20] per year. If you want a house for you

[4:24] and or your family, it is rented either

[4:27] from a bank or other financial

[4:30] institution such as a private equity

[4:33] firm for the entirety unless you are no

[4:37] longer in subscitizen status of your

[4:40] life.

[4:42] Under the new governmental guidelines of

[4:45] NOHA, you won't enter into a contract of

[4:48] sale, currently known as a mortgage,

[4:52] because the new system is not interested

[4:54] in any way for subcitizens

[4:58] property ownership since that has now

[5:01] been made illegal. eliminating any

[5:05] pretense or delusional thinking of

[5:08] potential home ownership by the

[5:10] subcitizen.

[5:13] Now, I hope so far I've been making this

[5:16] simple and clear, but if you're having a

[5:19] hard time following this, here's an

[5:21] example of the negative delusional

[5:24] thinking I was just talking about that

[5:27] noa would eliminate. When you speak to

[5:30] most people about their home today,

[5:34] chances are they have a mortgage, which

[5:37] means in reality they are renting from

[5:41] the bank. Yet they refer to the house

[5:45] they are occupying as their home.

[5:50] completely oblivious to the fact that

[5:52] until that very last payment on the

[5:55] original loan, aka mortgage is paid,

[6:00] they don't actually own anything. The

[6:05] bank does. And that's what I'm trying to

[6:08] describe when I say that house

[6:11] occupiers, which is what they should

[6:15] actually be called, are being

[6:17] delusional.

[6:19] Fortunately for our house occupiers, Noa

[6:23] takes care of that delusional issue by

[6:26] snapping them back very quickly into

[6:29] something called reality.

[6:32] You see, with the current system, when

[6:35] you eventually default on payments, and

[6:38] you will eventually default on those

[6:42] payments, usually for reasons beyond

[6:44] your control, the long story short is

[6:47] that the bank repossesses the property.

[6:51] So any and all money you did pay,

[6:54] including any equity, is gone. And that

[6:57] is the current reality of the current

[6:59] system of home ownership.

[7:03] Now bear in mind when it comes to real

[7:06] home ownership, I'm not remotely

[7:09] questioning the access of good, decent

[7:12] citizens buying a house here. those with

[7:16] multi-million dollar incomes,

[7:19] individuals which can legally purchase a

[7:22] home because they are not sub citizen

[7:25] status

[7:27] that can weather the storm of any

[7:30] economic uncertainty.

[7:33] But what I want to make totally clear is

[7:35] thanks to the simple and clear-cut

[7:37] choice provided by NOHA, subsitizens

[7:42] must remain in the house rental market

[7:44] indefinitely.

[7:46] Because even when a subsitizen does have

[7:50] a well-paying employment, they always

[7:53] manage to lose that employment. Once

[7:56] they lose that employment, they suddenly

[7:59] don't have a financial pot to piss in

[8:02] and they lose everything.

[8:05] So if we collectively understand this,

[8:08] the best move is simply to rent a home

[8:11] from a bank.

[8:14] Now, while you're renting that house

[8:16] under my new system proposal, you are

[8:20] still responsible for any and all

[8:22] property upkeep and maintenance as we

[8:26] obviously don't want to financially

[8:28] burden the banks. Any and all expenses

[8:32] related to that property are yours and

[8:34] yours alone. Because when the property

[8:37] is repossessed, and it will be

[8:40] repossessed, the bank doesn't want a

[8:43] property that is in poor condition,

[8:45] because that would represent a loss. And

[8:48] the bank or whatever financial

[8:51] institution it may be, just like a

[8:54] casino, is not interested in any way

[8:57] about loss. It is only interested in

[9:01] gain, their gain.

[9:04] I am telling you all this because I am

[9:06] sincerely hoping you will sympathize

[9:08] with the banks and corporations

[9:11] because these are the institutions that

[9:14] require a much higher level of income

[9:17] than you.

[9:19] You really need to understand that banks

[9:22] and corporations are now people too.

[9:26] They have feelings and needs and the

[9:28] lifestyle they have is quite expensive

[9:31] and as a consequence someone has to pay

[9:35] for that level of extravagance and that

[9:38] someone really needs to be you. So, if

[9:42] you would please take all of that into

[9:45] consideration, I can only sincerely hope

[9:47] that you will pass this suggestion for a

[9:50] project never own a home again to your

[9:54] local state representatives so they can

[9:57] draw up the bill that hopefully will

[: 10:00

[10:02] I sincerely believe that with your help

[: 10:05

[10:08] home ownership and get accustomed to the

[: 10:10

[10:15] week job to keep those in positions of

[: 10:18

[10:22] homes. which the subsitizen who doesn't

[: 10:26

[10:30] clearly doesn't deserve.

[: 10:34

[10:36] that I know I've left out a lot of

[: 10:39

[10:43] it's a very rough draft, I truly believe

[: 10:46

[10:49] certainly have business support and

[: 10:52

[10:56] because police always support business

[: 11:00

[11:03] banks.

[: 11:05

[11:07] that's all I've got for today.