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It's not a recovery, it's Wall Street buying to rent back to owners
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2013 Feb 7, 3:56am 28,029 views 48 comments
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JodyChunder
2013 Feb 9, 1:09pm
(sheeple)
Hmmm
I guess I should have put that in inverted commas to indicate I was refering to your blind racist-tinged misanthropy. I don't refer to people as sheeple. It's lame talk.
It's the exact opposite. They're soft from living the easy life. You must have Americans confused with illegal alians.
Yeah, I'm sure you're out there busting sod (in-between episodes of onanism and posting on Patnet). Anyway, I'm not sure what the fuck an illegal alian is supposed to be...but if you mean people from countries torn apart by our drug war policy who're desperately seeking asylum -- then I'll say this: they probably bust their collective ass more than any wannabe Big Dan from Floriduh. They also tend to posses a better grasp of basic English, despite it being their second or third language.
Puffy tits! (sniff!)
Rudeness is the weak man's imitation of strength. -- E. Hoffer
JodyChunder
2013 Feb 9, 2:24pm
Gimme a holler next time you're desert-bound. I was just in Joshua Tree! I discovered a shockingly great little Indian restaurant there. It's in a filling station. I'll buy the suds.
I'm thinking of maybe visiting that area around Feb 15 to 18. Is it worthwhile? I've heard Death Valley is best in February.
Joshua Tree: I was just there a week ago, and it was very nice for this time of year, Patrick, though you won't get to see as many wild flowers as you would a month or so from now. I'm biased to the desert. I think it's some of the most beautiful landscape there is, second maybe to Arizona's Verde Valley. I very highly recommend it. Here's a neat little blog by a local sculptor and his family who built their home in the area a few years back. Good stuff.
http://www.allenpearce.com/2007JOSHUATREEUPDATES.htm
And here's an online review I found for that Indian restaurant I stumbled across!
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http://www.alternet.org/occupy-wall-street/ugly-truth-about-americas-housing-recovery-its-wall-st-buying-homes-rent-back?akid=10021.1086726.hOzNpo&rd=1&src=newsletter790532&t=19
"THR purchased the Southeast Atlanta home at auction for $90,000. The principle due on the mortgage that was foreclosed upon was $219,300."
"If banks were willing to offer principle reduction on these inflated mortgages down to the same price they are willing to sell at auction, many homeowners would likely be able to afford their payments, and stay in their homes for years to come, contributing to the stability of the neighborhood. Instead, homeowners get a flier posted on their door the day after Blackstone purchases the home, offering them the opportunity to rent the home they once owned. Meanwhile, the deep pockets of firms like Blackstone allows them to outbid virtually everyone else in the market—eliminating any chance of owner occupants looking for a new home to get a good deal while prices and interest rates are low."
#housing