A Quote by Harry Connick, Jr.
There are more than 300,000 families in the Gulf region that lost their homes and are waiting for peace of mind. The hurricane exposed the sad reality of poverty in America. We saw, in all its horrific detail, the vulnerabilities of living in inadequate housing and the heartbreak of losing one's home.
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Most of America never noticed, but the 1990s were good times for trailer homes, a.k.a. manufactured housing. From 1991 to 1998, annual sales of manufactured homes more than doubled, to 374,000 from 174,000.
Hurricane Katrina exposed the harsh reality that we have been skating on thin ice when it comes to this country's energy concentrations on the Gulf Coast.
The year when I left my country, there was still peace. The year after, the war broke out, a lot of people lost their homes, lost their families. When I go back 20 years later I still find people living in refugee camps. So I tried to help them find homes.
The point is that families today are spending their money no more foolishly than their parents did. And yet they're five times more likely to go bankrupt, and three times more likely to lose their homes. Families are going broke on the basics - housing, health insurance, and education. These are the kind of bills that you can't just trim around the edges in the event of a downturn.
Towns and cities throughout the United States have opened their hearts and homes to thousands of families displaced from their homes as a result of this horrific storm.
Land ownership in Guatemala is more unequal than anywhere else in Latin America. Roughly 90 percent of Guatemalan farms are too small to support a family. A tiny group of Guatemalans owns a third of the country's arable land; more than 300,000 landless peasants must scrounge a living as best they can.
Very few people know that my department is responsible for 1.2 million home loans since I have been secretary. That's 1.2 million families that are living in homes in rural America that would never have homeownership, but for the United States Department of Agriculture's programs. We have to do more of educating people about the partnership that does exist between rural America and their government.
Do I really want to do a mobile game that's one of 300,000, where discoverability is everything? You really have to have a little more sizzle on the steak. I would rather be one of 100 apps for Google Glass than one of 300,000 for iOS and Android.
The standard of 'affordable' housing is that which costs roughly 30 percent or less of a family's income. Because of rising housing costs and stagnant wages, slightly more than half of all poor renting families in the country spend more than 50 percent of their income on housing costs, and at least one in four spends more than 70 percent.
I rescue families who are losing their homes because they have no jobs and they can't pay the mortgage and the banks are foreclosing on their homes.
The average net worth of the lower half of the distribution, representing 62 million households, was $11,000 in 2013. About one-fourth of these families reported zero wealth or negative net worth, and a significant fraction of those said they were "underwater" on their home mortgages, owing more than the value of the home. This $11,000 average is 50 percent lower than the average wealth of the lower half of families in 1989, adjusted for inflation.
We saw people sleeping in homeless encampments in Napa Valley and Sonoma. Horrific ones in Watsonville. It's different because you're looking at homelessness and the lack of housing, less than something that's institutionalized.
You probably don't need more weapons than what's required to destroy every city on earth. There's only 2,300 cities. So, the United States, by that criteria, only needs 2,300 nuclear weapons - well, we've got more than 25,000!
The real story in housing will be a recovery in the economy that will drive a recovery in housing, When people are working, when there are more jobs, more households forming and people go back to buying cars, they're going to want their apartments and homes. And that's when you'll start to see a recovery in home prices.
It's more important than ever for America to rededicate itself to manufacturing at home. When we make more products in America, more American families will make it.
As horrific as this impact has been on my constituents, it is only a small part of the overwhelming destruction covering 90,000 square miles of the Gulf Coast.
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