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August 2020 editorialpinups.com made an observation with the pinup https://editorialpinups.com/003-four-things.html, “The Four Things We Don’t Pay Cash For”.

The premise items that are paid for with loans, government subsidies, and various forms of collective payment methods have caused prices to go much higher. Let’s review.

Education. College loans were just getting going when I was a student at Bradley University in the late 1970’s. I took a small loan my last year to help with the transition to real life. Students and parents today have more debt for education than I had for my first two houses. Colleges have based their pricing on the easy to get loan money administered by the federal government. President Trump has basically called out the colleges on this.

Medical. Chuck Schumer and the Democrats closed the government for over a month saying that the ACA subsidies must be extended or Americas cannot afford their health insurance. The Democrats created the ACA, Obama care with no help from the Republicans. The ACA has less to do with affordability and more to do with insurance companies making money. Sure a few requirements were added, but the expiring subsidies go straight to the insurance companies. President Trump has said that the subsidies should go straight to the people so they can purchase a policy that may be more affordable and may suit their needs better. Fifteen years later we still ask when the discussion will be go to why an aspirin costs so darn much at a hospital, why hypnosis handles many items better than drugs but we pay cash for hypnosis, why drugs cost what they do and why they are the first choice instead of nutrition, and more.

Automobiles. In the 1960’s three years was the length of a long automobile loan and the automobile could not be that old. Now days you can get a four year loan on a fourteen year old automobile. In fact you can get seven and eight year loans on used cars. Many automobiles cost more than my current house, let alone my first house.

Housing. I remember talking to my wife’s grandmother about their first house being bought with a three year loan. Franklin Roosevelt came up with the idea of the thirty year house loan. Prices have continually gone up. Now president Trump is floating the fifty year loan citing rising house prices. Between loans and government subsidies the house prices keep rising. The thing is, local governments could lower prices by allowing smaller lesser cost homes be built. Unfortunately it would cause them to get lower property tax revenues compared to building more expensive homes.

The four things We Don’t pay Cash for is still spot on today!!