Bailing Out the Thieving Bankers in return they take are homes

[hvactec]

Geithner Paulson and some other Criminal thugs
These to clowns were put in office to serve the American people and the United States of America not pull off the biggest Heist in History
[ame=http://www.youtube.com/watch?v=RQMo2hKweh0]YouTube - Bailing Out the Thieving Bankers[/ame]

 

[waltky]

Rich buyin' up all the houses so ever'body gotta rent from `em...

Nearly 20% of Florida homes are vacant
March 18, 2011 -- It's not always easy to feel sorry for sunny Florida. But they just got hit with another blow.

On Thursday, the Census Bureau revealed that 18% -- or 1.6 million -- of the Sunshine State's homes are sitting vacant. That's a rise of more than 63% over the past 10 years. Having this amount of oversupply on the market will keep home prices depressed and slow any recovery.

During the housing boom, Florida was among the hottest real estate markets in the nation. Homes were snapped up by the state's growing population as well as hordes of investors confident that prices would continue to soar. "You'd drive through downtown Miami and see 30 or 40 cranes sticking up in the air," said Michael Larson, a housing market analyst for Weiss Research.

The bust brought an end to that. Development ground to a halt. Retirees stopped relocating. And prices started falling and vacancies rising. "Housing went from being the preeminent investment of choice to toxic waste," added Richard DeKaser, an economist with the Parthenon Group.

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Who's buying homes? The rich
March 9, 2011 -- The rich are different from you and me: They're buying real estate.

After four straight years of declines, sales of million-dollar homes and condos rose last year in all 20 major metro areas, according to DataQuick Information Systems. On average, these cities saw an 18.6% jump in high-end home sales. San Jose, Calif., had the biggest market for million-dollar homes, with a 27.4% spike in sales last year; Phoenix saw the smallest increase at just 0.4%.

Meanwhile, sales outside of this price point actually fell 2.8%. "It hasn't been a good six months for all people, but it was a good six months for rich people," said Glenn Kelman, CEO of Seattle-based real estate brokerage Redfin. "When Wall Street goes up, rich people buy homes." And Wall Street has gone up: Stock values have nearly doubled from their March 2009 lows. "Higher income households are feeling better about their financial security," said Greg McBride, chief economist for Bankrate.com.

As their confidence soared, the wealthy took advantage of bargains in expensive homes. An average seaside manor on Jupiter Island, Fla., that might have sold for $4 million in 2006 cost less than $3 million last year. The Brentwood bungalow in L.A. was $1.5 million instead of $2 million, and that Scarsdale colonial fell to $1.1 million after gong for $1.5 million four years ago.

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[WillowTree]

Do you know the difference in the meaning of "Are" and "Our"? And don't tell me it's a typo cause the A and the O are miles apart on the keyboard. So too

More wasted educational funding.

 

[waltky]

Turning foreclosure homes into rentals...

Distressed Homes Get Second Chance as Rentals
April 06, 2011 - — A major U.S. homebuilder, Beazer Homes, is taking the bull by the horns in today's distressed housing market.

The company is buying up distressed homes in the Phoenix area and renting them out. Right now, there’s not much money in it for Beazer, but it could help stabilize one of the hardest-hit housing markets in the country. The homes that Beazer is buying and renting out include some that the homebuilder, one of the top 10 in the U.S., built itself. The company bought its first home in March, and plans to either buy or rent about 100 more by the end of 2011. But why would a major home construction company want to become a landlord? In short, it's good business.

By buying, restoring and renting other properties, Beazer is making the homes it builds in the Phoenix area look better by comparison. Real estate professionals have long noted that neighborhoods with empty homes (usually either foreclosed or abandoned) drag down the prices of other homes in the neighborhood.

Phoenix is ground zero for some of the nation’s worst performing neighborhoods, real estate-wise. According to a study by Arizona State University professor Karl Guntermann, Phoenix home prices dropped to a median $114,000 in December 2010, even lower than the state’s previous worst month, April 2009 ($117,500).

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[KissMy]

Renting homes is a very large domestic economic activity that employs a large part of the population. Do you prefer to let people squat in homes destroying the economy & jobs?

 

[KissMy]

Salary caps may be fitting for the elite, bankers, CEOs & politrixters. It may improve their performance in running the country.

I was never concerned with others compensation until recently when I discovered how they use that money to pay off congress & regulators to change laws & look the other way while they screw the rest of us. No bank or insurance executive earns the pay they get. Bribery of public officials & creating bogus schemes are not work. They are crimes against humanity. I am sick of people defending these douche-bags as if they are brilliant hard working people from whom the rest of us benefit. They are using the rest of us. Jesus warned us in the bible of the money changers & their usury.

Now that the Patriot Act & the NDAA laws have destroyed the Posse Comitatus Act it should be legal once again for us to round up a posse & go after these corrupt politicians, bankers & executives. This will do 2 things for us. It will rid us of these scoundrels & it will get congress to restore the Posse Comitatus Act & our civil rights.

Steve Jobs did his best work creating Apple when he was scrounging for resources & made his first billion from Pixar, after he was fired from Apple. Apple's first investors were not banks, government or Wallstreet. Wikipedia, Lenox, FireFox, USMB & many other of the greatest achievements were made from people who do not get paid.

The Federal reserve has done studies on motivation & discovered that high compensation destroys creativity & complex thinking. These bankers & execs need salary caps ASAP so they can start doing their jobs instead of having enough money to bribe congress into screwing the rest of us.

[ame="http://www.youtube.com/watch?v=QM9p4o050EY&list=FLIw_4LbNv_mLv6Gr2QxdJ7g&index=4&feature=plpp_video"]Motivation[/ame]

 

[Avatar4321]

You dont own a home if you dont pay for it.

 

[Ed Spacer]

I see LOTS OF THIS in the construction industry.banks are making HUGE PROFITS on the REOS,i stepped out of that because they expect a company to finance materials and labor,usually i ask for materials,plus 10% labor(gotta pay employees)but,these banks,expect properties completely rehabbed to conveyance condition,flip to rent,and expect a company thats put in a 30k turnkey investment,them makem wait 45 days for invoice fulfillment. Fuck that. Im not independantly wealthy enough to donate time. I dont believe in personal,nor corporate welfare.if a business cant stand on its own two.then it deserves to fall on its face.

 

[Baruch Menachem]

Usually I don't slam folks for grammar and spelling mistakes. Folks who live in glass houses etc.

However, this poster really needs to work on his grammar if he wants to convince anyone. Or stop embarrassing folks. Srsly.

 

[hortysir]

Why should I have to watch a bullshit video to grasp your thoughts?


The "thieving banks"are taking homes that you're not paying for.

/

 

[Ed Spacer]

You dont own a home if you dont pay for it.

Agreed.a.mortgage note is a contract,and if a party breaches a contract,then the business has a right to recover losses.

 

[KissMy]

I see LOTS OF THIS in the construction industry.banks are making HUGE PROFITS on the REOS,i stepped out of that because they expect a company to finance materials and labor,usually i ask for materials,plus 10% labor(gotta pay employees)but,these banks,expect properties completely rehabbed to conveyance condition,flip to rent,and expect a company thats put in a 30k turnkey investment,them makem wait 45 days for invoice fulfillment. Fuck that. Im not independantly wealthy enough to donate time. I dont believe in personal,nor corporate welfare.if a business cant stand on its own two.then it deserves to fall on its face.

I would not do that for those banker a-holes either. Do it for yourself. I have bought 4 houses since 2010 & have been getting them up to code & putting renters into them. It is certainly helping the main-street economy. Letting people squat in a free house is destroying main-street. Housing is a 100% US business that has not been exported. All the money circulates in the local community. Kicking deadbeats out & turning them into renters is the best stimulus we can have.

 

[Ed Spacer]

The part i dont stand for is both sides.companies wantingbailouts,people not wanting to honor mortgage contracts,and askingbusinesses to suck it up.

 

[whitehall]

Banks ain't your enemy you freaking left wing socialist hypocrites. Go find Barney Frank on his honeymoon somewhere with his new husband and ask him why he told America that Fannie Mae was doing great when it was on the verge of collapse under his watch as banking committee chairperson.

 

[KissMy]

The part i dont stand for is both sides.companies wantingbailouts,people not wanting to honor mortfage contracts,and askingbusinesses to suck it up.

Bankers, CEOs, politicians, money managers & accredited investor who profiteered from this reckless shadow banking system need to be stripped of all profits they made from this activity plus a fine equivalent to their irresponsible gains. These people held the responsibility & failed to act in the fiduciary manor required for a civilized society. These people were required by law to conduct business in a fiduciary manor prior to the FSMA of 1999.

Likewise irresponsible borrowers should be stripped from their irresponsible gains + damages.

 

[whitehall]

Banks operate under a truck load of rules and regulations set by congress. If they violate those rules we expect some sort of regulating agency to bring them to justice before the system collapses. They lend money to you left wing hypocrites and expect you to pay them back. Do you have a problem with the fact that they make a profit? Democrats set the rules so that banks would be forced to make bad loans or risk civil rights law suits filed by the feds. The congressional banking committee had oversight responsibility for Fannie Mae and the chairperson told Americans that Fannie was fine when it was on the verge of collapse. When Fannie collapsed it burst the bubble of the scam that democrats had set up for more than a decade and the banks went with it. So who do we blame? The institutions who loaned money and operated under the rules set up by congress or the crooks in congress who let or caused Fannie Mae to fail?

 

[KissMy]

Banks operate under a truck load of rules and regulations set by congress. If they violate those rules we expect some sort of regulating agency to bring them to justice before the system collapses. They lend money to you left wing hypocrites and expect you to pay them back. Do you have a problem with the fact that they make a profit? Democrats set the rules so that banks would be forced to make bad loans or risk civil rights law suits filed by the feds. The congressional banking committee had oversight responsibility for Fannie Mae and the chairperson told Americans that Fannie was fine when it was on the verge of collapse. When Fannie collapsed it burst the bubble of the scam that democrats had set up for more than a decade and the banks went with it. So who do we blame? The institutions who loaned money and operated under the rules set up by congress or the crooks in congress who let or caused Fannie Mae to fail?

There is defiantly a problem with the investment bank profits. Their job was to act in a fiduciary manor. This allows the economy to function. They got paid enormously to fail. They paid off politicians to enable them to screw us. The "Shadow Banking System" created in 1999 allowed Banks, Brokers & Insurance companies to bypass the truck load of rules and regulations you speak of. They increased leverage & risk creating huge piles of cash out of thin air for doing nothing productive. This drove down the US Dollar from 2000 to 2009 & robbed us of our earnings & savings. This is the key reason gasoline, food, housing & gold soared during that time.

We also had government idiots who backed the crappy GSE loans with the full faith & credit of the US government. Gee Wiz - I wonder why the rating agencies rated them AAA? Because the Government backed this trash. They pushed this with the CRA. This also drove down the US Dollar & drove up house prices. That Stupid Affirmative Action Lending crap is not a sound economic policy.

The investment bankers, politicians & borrowers need to be taken to the wood shed & stripped of their assets.