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Discuss what's fucking going on, and which programs are best and worst. One-time "program" announcements from "established" webmasters are allowed. |
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#1 |
Beer Money Baron
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Join Date: Jan 2001
Location: brujah / gmail
Posts: 22,157
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largest transfer of wealth about to begin...
The largest transfer of wealth from the public to private sector is about to begin.
http://www.thestreet.com/story/11224...t-for-you.html These homes, which are now the property of the U.S. government, the U.S. taxpayer, U.S. citizens collectively, are going to be sold to private investor conglomerates at extraordinarily large discounts to real value. You and I will not be allowed to participate.
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#2 |
Confirmed User
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Join Date: Apr 2011
Posts: 1,237
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Of course not.
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#3 | |
Making PHP work
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Join Date: Nov 2002
Location: 🌎🌅🌈🌇
Posts: 20,247
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Quote:
have a deficit in 20 years? Hmmmmm.
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#4 |
working on my tan
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Join Date: Mar 2005
Location: Florida/Kentucky
Posts: 39,151
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#5 | |
Making PHP work
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Quote:
to try it. I've seen very old housing projects that were in very good shape. No one wants to live with the poor, but plenty of people would take those apartments if they were in another location.
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#6 |
Damn Right I Kiss Ass!
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Join Date: Dec 2003
Location: Cowtown, USA
Posts: 32,397
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Makes me proud to be an American!
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#7 |
So Fucking Banned
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Join Date: Jul 2003
Location: Montana
Posts: 46,238
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#8 |
So Fucking Lame
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Join Date: Jun 2009
Location: St. Petersburg, FL
Posts: 12,156
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#9 |
<&(©¿©)&>
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Join Date: Jul 2002
Location: Chicago
Posts: 47,882
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How else do you propose it should have been handled?
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#10 |
The Demon & 12clicks
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Join Date: Oct 2001
Location: SallyRand is a FAGGOT
Posts: 18,208
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People complain now that the government can run things. Not to mention that is has too much power. Now you want it to be people's landlords? Oh year then the government will have to hire people to run these places( collect rents, maintenance etc ) and of course were is that money coming from?
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#11 |
<&(©¿©)&>
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Join Date: Jul 2002
Location: Chicago
Posts: 47,882
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Done correctly is how exactly? Are you really proposing that government getting into a real estate rental business is a good idea?
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Custom Software Development, email: woj#at#wojfun#.#com to discuss details or skype: wojl2000 or gchat: wojfun or telegram: wojl2000 Affiliate program tools: Hosted Galleries Manager Banner Manager Video Manager ![]() Wordpress Affiliate Plugin Pic/Movie of the Day Fansign Generator Zip Manager |
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#12 |
Confirmed User
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Join Date: Sep 2007
Location: Canada
Posts: 657
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u have the right to remain stupid |
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#14 | |
Biker Gnome
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Join Date: Mar 2004
Location: cell#324
Posts: 23,200
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Quote:
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Carbon is not the problem, it makes up 0.041% of our atmosphere , 95% of that is from Volcanos and decomposing plants and stuff. So people in the US are responsible for 13% of the carbon in the atmosphere which 95% is not from Humans, like cars and trucks and stuff and they want to spend trillions to fix it while Solar Panel plants are powered by coal plants think about that |
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#15 |
So Fucking Lame
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Join Date: Jun 2009
Location: St. Petersburg, FL
Posts: 12,156
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They've been doing it since this crisis started. They should have the same REO agents managing their properties now to continue to do so except begin to take money in rather than spending it.
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#16 |
Confirmed User
Join Date: May 2003
Posts: 1,201
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That was in central germany the same. Not the highest bidder got the houses.
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#17 | |
Making PHP work
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Join Date: Nov 2002
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Quote:
Ever here of Fannie Mae?(buying not renting) What the government is not involved in is building housing that middle class people would rent/buy. I think that area would be profitable. Why does the government always have to relegate itself to money losing projects that nobody else wants? They don't.
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#18 | |
Confirmed User
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Join Date: Jun 2009
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Quote:
a. HUD: a massively inefficient corrupt money losing nightmare. b. Real estate for the poor, largest creator of wealth in pre-socialist England. a. Government oversight brings an unsustainable pyramid of entitled "workers" who can't be fired and advance via seniority. b. Entrepreneurs are crushed until someone figures out how to do it right. a. Governments govern by acquiescing to the squeaky wheels. b. Squeaky wheels don't pay. |
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#19 |
Beer Money Baron
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Join Date: Jan 2001
Location: brujah / gmail
Posts: 22,157
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Allow everyone else the same opportunity?
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#20 |
Too lazy to set a custom title
Join Date: Jun 2003
Location: Ottawa
Posts: 19,631
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yeah really. they don't want to deal with 1000's of transactions from every tom and hairy dick.
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you don't know you're wearing a leash if you sit by the peg all day.. |
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#21 | |
dumb libs love censorship
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Join Date: Jul 2008
Posts: 8,198
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Quote:
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#22 |
So Fucking Lame
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Join Date: Jun 2009
Location: St. Petersburg, FL
Posts: 12,156
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Isn't this mimicking the same thing done in the late 80s or early 90s when the government had a ton of bad assets from the S&L scandal?
If so a lot of fortunes of today were built then. |
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#23 |
dumb libs love censorship
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Join Date: Jul 2008
Posts: 8,198
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Foreclosed homes are a nightmare. Homes that have green swimming pools. Mold infestation. Stripped wiring and plumbing. Water damage. Bad roofs, structural problems. Debris throughout the house. Chinese drywall. synthetic stucco damage. Lead paint. The list of 5 to 6 figure repairs goes on & on. God forbid a home is located near a superfund site. Point being...an unmaintained foreclosure can quickly turn into not only a worthless asset, but one that costs money to tear down. Hence, the bargain prices.
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#24 |
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Join Date: Feb 2007
Location: Sweden
Posts: 5,634
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#25 |
It's 42
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Join Date: Jun 2010
Location: Global
Posts: 18,083
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Simple idea that would net more for the assets; |
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#26 |
Confirmed User
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Join Date: Oct 2004
Location: In a refrigerator box by the tracks.
Posts: 4,790
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And the distribution of wealth ratchets up another notch squeezing the middle class.
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#27 |
Confirmed User
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Join Date: Mar 2006
Location: Earth
Posts: 1,197
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The US will continue to pay taxes for the maintenance and upkeep of the Great Smoky Mountains National Park but it has been turned over to UN control.
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#28 |
So Fucking Banned
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Join Date: Jul 2010
Location: ☣
Posts: 9,327
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fuck em sideways then, i didn't wanna join anyway.
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#29 |
Too lazy to set a custom title
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Join Date: Jan 2001
Location: God's right hand
Posts: 19,783
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Bush sux0r.
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I'm not a dinosaur, I'm a crocodile. I've seen dinosaurs come and go and I'm left unimpressed.
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#30 |
Too lazy to set a custom title
Join Date: Nov 2002
Location: Earth
Posts: 14,622
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The reason they don't want to open it to the public is this. If they put 1% of the USa housing stock on the market at a fire sale price and screamed come and get it. It would hurt the whole country. By doing one big quiet deal, it moves it along. If the buyers are qualifed and have the cash to go right in and start fixing them up, it actually helps the economy. The RTC did the same thing under Bush senior. If you want a cheap house from HUD or Fannie Mae go looking. They are out there.
These houses are not in the suburbs. The majority are in the inner city. So how can you get money out of treasuries and into the economy if all you have it s houses in tough neighborhoods that no one wants? Make a big one time sale. I say go for it and I own and buy these exact same houses. Investment bankers are going to be great landlords and I will clean their clocks but they will take inventory out of the market. |
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