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If you put enough arm into it, any dead cat will bounce, even appearing lively for a moment as it leaves the sidewalk.
When an entire industry is vested in making the dead cat appear convincingly vital, really anything can happen for a month or two.
When the whole federal government has thrown everything it and the Wall Street psychopaths can muster to keep the bubble inflated, the cat may even blink momentarily.
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37 threads
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Mountain View, CA
bmwman91's website
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robertoaribas says
And therefore positive for everyone that actually works a job that does this weird thing involving productivity?
I don't see how anyone can spin Wall Street buying-up swaths of residential properties as a positive thing. You have said repeatedly that you don't care what the paper-value of your rental empire is, so surely you aren't rooting for valuation increases. These are the same Wall Street psychopaths that held a gun to the collective heads of all pensioners in the US in order to get the US taxpayer to pay for their gambling tab a few short years ago. These psychopathic entities should have been burned to the damn ground, not paid to receive a hand-job from the taxpayers then then handed the keys to become those same taxpayers' landlord.
All I hope is that we manage to get another FDR at the helm to gut these vampiric entities. If we don't, it'll be pitchforks and AR15's from people that have had enough, but I don't want to see that. It's too bad that the mentally unstable folks with guns are running around shooting up schools. If they directed their ire at board rooms on Wall Street, we'd be naming national holidays after them someday.
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272 threads
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47 male
Lafayette, CA
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“There's class warfare, all right, but it's my class, the rich class, that's making war, and we're winning.
~ Warren Buffett
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47 male
Lafayette, CA
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Most of the "leftists" on patnet would have been considered right wing Republicans 50 years ago.
I own a business, have employees, own handguns, and advocate core family values. I'm very much against communism and socialism, I don't believe in no-fault divorce, I cheered when Bin Laden was executed, I want stronger border controls, and I don't believe in affirmative action or special rights for minority interest groups.
Apparently that makes me an extreme leftist. Why? Because I think raising taxes on rich people to a fraction of what they were under Reagan is a good idea.
We don't really have left and right in this country anymore. We have constitutionalists who still respect the American government, and we have borderline fascists who want to tear it apart.
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There were never any offers.
Be sure to call the abutting neighbors to this shit house and tell them the thing is a termite nest and should be burned to the ground.
Then call the realfucktard and ask what she did that was so impressive that her pimp let her keep his car.
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There is no reason a townhouse in Stockton should not be worth $2 million by this time next year.
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Hey, Allah!
Suck my dick!
Asshole!
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Die, Boomer fucks, fucking Die and take the banksters and Realtor®s with you to hell!
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46 male
Menlo Park, CA
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True, Prop 13 is starving the schools, but people who bought recently do pay a reasonable property tax rate. So a parcel tax on top of that is unfair to them.
The real problem is that Prop 13
* lets businesses get away with paying almost no property tax, forever
* lets landlords rake in rent and pay nearly none of the cost of police, fire, etc
* lets the elderly pass on their ultra-low property tax rate to rich children, forever
* lets the very rich avoid property tax, since Prop 13 has no means test at all
What was supposed to protect poor old people ended up protecting the ultra-rich, landlords, and corporations. Of course the people who created Prop 13 knew that all along.
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I was raised by wild dogs and put myself through embalming school as a contract arsonist and have developed a highly successful business embalming and stuffing women and children that oligarchs hunt and kill in third-world nations as sport to display at their estates for the amusement of their oligarch friends.
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The poor refuse to become rich or to commit suicide.
Why do they hate Freedom?
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46 male
Menlo Park, CA
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There is something seriously wrong with the Realtor® code of "ethics" when an agent can get fired simply for giving his honest and very humorous opinion.
The NAR says it's "ethical" to publicly say only things which lead to commissions, but it's "unethical" to say anything in public which might prevent a commission.
Why would you want anyone with such bogus "ethics" representing you? I'd much rather have a really honest guy like Tom Stone!
Maybe I will create a "Secret Agent" system where agents can write anonymous reviews of open houses, and if you like their style, you can hire them by the hour for real advice. Should I do it?
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Plant potatoes and teach the family hand to hand combat skills.
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46 male
Menlo Park, CA
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To be rich is to control the labor of other people. To be rich is to have other people serve you. Everything else is an abstraction that obscures the fundamantal division into masters and servants.
If you just think about that for a minute, it becomes obvious that we cannot all be rich. Who then would be the servants? No matter how hard we all work, no matter how smart we all may be, it is mathematically impossible for everyone to to be rich.
So if we're going to have rich people (and I think we should have some) the question becomes this: What is the proper qualification for being rich? Here are your choices:
1. Being born into wealth and accumulating more via your mere ownership of assets.
2. Personally creating useful products and services.
If you agree that number two is the answer, that argues strongly for high inheritance taxes, and high taxes on unearned income from mere ownership, and low taxes on actual work.
There are some other options though, by thinking beyond national boundaries:
3. Importing people from Africa and making them your hereditary slaves.
4. Exporting work to poor countries, the way the US is doing with China.
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Ah what happened? I thought all of the investors were buying up all of the houses, rather than letting them fall back into affordability. Although the "Investor Class" got sweet deals, that were not offered to FHA approved buyers. Often as much as 100K difference in price. (but that's another rant).
These self serving sc*mbags thought they were so smart to buy up all of the single family homes in lower income neighborhoods. They thought they would have it easy, and those people would rent from them, for what ever rent they charged.
Well as it turns out, about $500 or $600 a month, or what a typical mortgage would have been for them if the investors didn't intervene, is all they can afford for housing. So they are either homeless or more family members are condensing them selves into fewer housing units.
To all of you investors out there just barely hanging on right now, I want to extend a hardy heart felt...
HA HA!
So now these investors can't sell these houses for a $100K mark up, because Big Mama still owns her house outright. Big Mama's house is just across the street, and her 32 year old son Ray Ray likes to hang out on door stoop sitting on a milk crate, so every time a potential buy rides by, they get one look at Coolio, and just keep going.
Sorry Charlie.
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Mountain View, CA
bmwman91's website
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FBSux, iwog is a funny guy. He rails the Republican party for the destruction of the American middle class while at the same time taking great advantage of the environment that they created. His justification seems to be, "doing it for my family" which is the oldest cop-out for acting contrarily to one's stated principles. Personally, I find it amusing in some weird way. The guy is effectively a Republican, but he keeps on talking like the Democrats can save America. I'd agree with a statement that the Republicans are, and have been, doing more damage to the American middle class than the Dems, but the Dems are not too far behind. This sort of touches on the greater issue of our single-party government with two marketing departments.
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46 male
Menlo Park, CA
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The Federal Reserve should not exist.
The idea that we can trust a cabal of bankers to manipulate the currency in the public interest is laughable.
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First and foremost, I find it strange that anyone would feel the need to operate under so many different names. Is this simply his way around the "ignore" feature? Perhaps there is some pathology here... Poster's Schizophrenia, maybe? Although, with each alias, the same personality comes through... So, I'm putting my money on the first option, avoiding the "ignore" feature.
Another thing I find particularly annoying regarding Karl and his aliases is how he posts several short answers, one after the other. It's like he's trying to keep the post at the top of the topics list. By turning one reply into 10, he ensures that the topic stays "hot."
His abusive responses are nothing short of bullying. Even if he has a valid argument... that argument is often lost amidst personal attacks and foul language. I find him tedious, which is too bad, because I don't always disagree with the core of his arguments. However, his bullying tactics are in stark contrast to many of the positions he holds, making it difficult to take the argument seriously.
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Davis, CA
Certainly lends a little credence to Mr. Dorner's whacko manifesto, if the LAPD is in "shoot first, shoot second, shoot third, then identify the suspect" mode.
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There is a reason why this commentary was voted best of all time on pat.net. Because it's true:
If you put enough arm into it, any dead cat will bounce, even appearing lively for a moment as it leaves the sidewalk.
When an entire industry is vested in making the dead cat appear convincingly vital, really anything can happen for a month or two.
When the whole federal government has thrown everything it and the Wall Street psychopaths can muster to keep the bubble inflated, the cat may even blink momentarily.