For those who think passing out bailout money ...
- Thread starter Tilted
- Start date
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toppick08
Guest
If I read that write, that you have no mortgage, then you Sir are currently the smartest guy in the room, that is most prepared to survive this nasty downturn.
You have no mortgage payment. No landlord to toss you out or lose the home you rent in foreclosure. You sir, have nothing but the tax man to deal with, and he's on the run, because he knows his days of getting fat are nearly over too.
I congratulate you on your ability to resist the best efforts of the real estate and lending shills to mortgage your future to them.
Debt is not wealth. You are living the American Dream.
Yes.
My home is 61 years old, with all original equipment..
This year starts a new makeover............
Larry Gude
Strung Out
You answered the question with your omission.
ointandlaughs:
OK. Notice you had not one question about the plan and ALL questions about my PERSONAL situation.
THAT speaks volumes.
Tilted
..
I don't have a mortgage, car loan, or anything of the sort. I probably haven't owed anyone for anything in 7 years, except short term expenses (e.g. utilities, this month's credit card charges) and, occasionally, a small amount of margin in my trading account. But, that's usually for very short time periods and I never use margin in my investment account.
BoyGenius
Cyber Bully Victim
And the fact that you don't want to answer speaks volumes too.
Let's say strictly for example purposes that you have negative equity and used a liar's loan to get your home. I could say that you're the whole problem to begin with. Your pleas for Government injections of money into housing to save you and "everyone" else would benefit you. Let's say strictly for example purposes that I am renter that sat out the whole money, love, fraud orgy and would now benefit by the prices of houses like yours collapsing, so I could buy one at a cheap and fair price. I would benefit by that happening, so I too lack impartial judgement and stand to gain if I advocate that we do nothing. Then you have Toppick, he owns outright, played the game as it was intended to be played based on what he's telling us. It's guys like Toppick that ought to be pitching plans if anyone is going to. It's these type of people that remained sane through it all and have the most impartiality. Although theoretically you could argue that Toppick could be concerned about protecting the equity gains he has experienced and probably doesn't want to lose. As you can see, it's kind of hard to find an impartial jury to fix this dilemma we face, isn't it? You can even worsen this discussion by tossing in professions.
BoyGenius
Cyber Bully Victim
See, you're a good one for this discussion to based on what I just said above. How would you fix this mess that's fair to the homeowners, renters, and TAXPAYERS?
Larry Gude
Strung Out
See, you're a good one for this discussion to based on what I just said above. How would you fix this mess that's fair to the homeowners, renters, and TAXPAYERS?
Why? Based on your logic, such as it is, ANYTHING anyone suggests would have to then be viewed through their personal motivations.
Larry Gude
Strung Out
And the fact that you don't want to answer speaks volumes too.
Let's say strictly for example purposes that you have negative equity and used a liar's loan to get your home. I could say that you're the whole problem to begin with. Your pleas for Government injections of money into housing to save you and "everyone" else would benefit you. Let's say strictly for example purposes that I am renter that sat out the whole money, love, fraud orgy and would now benefit by the prices of houses like yours collapsing, so I could buy one at a cheap and fair price. I would benefit by that happening, so I too lack impartial judgement and stand to gain if I advocate that we do nothing. Then you have Toppick, he owns outright, played the game as it was intended to be played based on what he's telling us. It's guys like Toppick that ought to be pitching plans if anyone is going to. It's these type of people that remained sane through it all and have the most impartiality. Although theoretically you could argue that Toppick could be concerned about protecting the equity gains he has experienced THEORETICALLY??? Do you know ANYTHING about economics? Do you think he lives in a vacuum? and probably doesn't want to lose. As you can see, it's kind of hard to find an impartial jury to fix this dilemma we face, isn't it? You can even worsen this discussion by tossing in professions.
I'm ALL for anyone offering up solutions, especially if they are better than mine. What we are doing now is disastrously wrong and the only thing worse than it not working is that it does work though I imagine that that concept is WAY over your head.
Larry Gude
Strung Out
Yeah, it speaks volumes about YOUR mind set, YOUR assumptions and the marbles rattlin' around in your melon. You go right ahead and assume away, though.
BoyGenius
Cyber Bully Victim
Larry, can you go into court and testify if your brother is on trial? Can you vote on a decision to buy land as a government official if your company owns the land?
You may not like my way of thinking, but I'm just pointing out that we face extreme dilemmas in solving this housing mess, because somebody has to lose to fix it, and everybody has a dog in the fight.
BoyGenius
Cyber Bully Victim
Larry Gude
Strung Out
Larry, can you go into court and testify if your brother is on trial? Can you vote on a decision to buy land as a government official if your company owns the land?
You may not like my way of thinking, but I'm just pointing out that we face extreme dilemmas in solving this housing mess, because somebody has to lose to fix it, and everybody has a dog in the fight.
And yet you have not ONE question about a proposed plan; only the motivations of the person who proposed it.
Your way of thinking about fixing the problem is a textbook way how to not do one damn thing about it. You just destroyed your own argument and I doubt you even see why.
Larry Gude
Strung Out
I just want to announce, as a PSA and full disclosure, I am not paying him for this endoresement.
Your disapproval is fast becoming the gold standard around here that a given idea is very likely a good one.
BoyGenius
Cyber Bully Victim
I said yesterday I flat out disagree with your plan. I have no questions, I don't like it.
I said yesterday we should bulldoze a lot of the old crap houses, you called me a Cold War relic and communist.
We have a supply and demand problem accompanied by a price problem in relation to wages. In places like Detroit and even Baltimore there are thousands of very old, stupid to spend money on, boarded up houses that our banks are holding fraud mortgages on. Bulldoze this lead paint filled, non-green crap. Have the Government take the land. Put Americans to work doing it. That would be the first step of a plan I would offer.
Larry Gude
Strung Out
OK, so, bulldoze and socialize how many houses? 10,000? 100,000? 1,000,000? What do the feds do with the new land, make parks? Sounds like a communal plan to me, government ownership of homes and then the land.
You honestly think that the majority of the problem, even much of it is old row houses in a land that has gone on a near decade long building boom? Honestly?
Larry Gude
Strung Out
Then have no questions about it, including impugning my motivation. That's fine.
BoyGenius
Cyber Bully Victim
Larry, how does your plan benefit the renters and people that own their homes outright? You're just asking them to reach into their taxpayer wallet and hand you the borrower a check, aren't you?
BoyGenius
Cyber Bully Victim
How dare you!
SOCIALIZE Larry? Listen to you! Here you are advocating to privatize your profits as a homeowner and socialize your losses with handouts, and you have the nerve to criticize the Dems. I can see why the true Republicans have disowned you in here.
You're probably one of those guys during the bubble that attacked people who spoke out about the housing orgy as people who attacked capitalism. But the minute you're down, then you want corporate welfare.
SOCIALIZE Larry? Listen to you! Here you are advocating to privatize your profits as a homeowner and socialize your losses with handouts, and you have the nerve to criticize the Dems. I can see why the true Republicans have disowned you in here.
You're probably one of those guys during the bubble that attacked people who spoke out about the housing orgy as people who attacked capitalism. But the minute you're down, then you want corporate welfare.
Larry Gude
Strung Out
Larry, how does your plan benefit the renters and people that own their homes outright? You're just asking them to reach into their taxpayer wallet and hand you the borrower a check, aren't you?
By putting $1 trillion's where they can get at it; in the economy, instead of where they can not get at it; on bank and insurance companies balance sheets.
It's costing them the Bush way or my way. My way puts it directly into the economy AND THEN helps banking and insurance and auto's, instead of the other way around.
BoyGenius
Cyber Bully Victim
Larry, get out of your Southern Maryland bubble and visit the heartland.
YouTube - A Tour Of Detroit's Ghetto
Warning the video contains language that some may find offensive. Don't watch it if that pertains to you or if your coworkers may hear the language.
The video shows you what the housing problem looks like in Detroit.