bell hooks continues to wow:
More than any other issue facing our nation, housing will be the concern that will force citizens to face the reality of class. Every day citizens of this nation buy houses they cannot afford and will not own in their lifetime. Ironically, in many parts of our nation the houses get bigger and grander even as incomes dwindle. The gap between those who have and those who have not will be registered by the revolt of citizens who once believed that they would always have the right to own, confronting the reality that housing is rapidly becoming a luxury that only those with unlimited resources can hold on to. Anybody with credit can buy a house but not everyone can keep their home. Housing will be the site of future class struggle in this nation. As the homeless increase, jobs are lost and homes become crowded or impossible to find and hold on to, class discrimination in housing will become more apparent. Those of us who have class privilege, who reside somewhere in the middle of our society’s economic totem pole, will have to choose where we stand. Will we stand for the right of everyone to have safe affordable housing irrespective of income or will we stand with the greedy—the speculators in real estate who only exploit for profit?
Making real estate speculation work for homeowners with a degree of class privilege who are nevertheless not rich is the seduction offered those who have a degree of class privilege. . . . It allies our class interests with that of the ruling classes who are only concerned with profit.
I can see this happening every day in my community and all over the nation. The current stories in the media on the increase in mortgage foreclosures is a perfect example of exactly what hooks is describing.