Ray From Cleveland
Diamond Member
- Aug 16, 2015
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What an ignorant statement. For starters, that emotional “argument” is immature. Second, that doesn’t happen. Third, if you feel that way, you fund it. That’s how life works, junior. When you want something, you pay for it. You don’t get to make me pay for it.the greatest nation on earth shouldnt allow women and children to freeze to death in the winter.
Sorry I want to protect women and children from freezing to death, I know it's awful of me.
I hear ya. The biggest problem now facing Americans, is that wages aren't keeping pace with skyrocketing rents and overall cost of living. The 'American Dream' is dying. We do need to address it.
So why do you think rents are exceeding cost of living?
My property taxes go up almost every year, and over 60% of those taxes goes to schools which me nor any of my tenants have children in. Then there is the EPA that caused our water to skyrocket which I have to pay for. Then there is our city government who thinks they deserve a cut of our rental income. So they create regulations that cost us money we have to give to them.
And remember during the housing bubble we took a huge loss--thousands of dollars in losses because everybody was buying a home and few were renting. Now the tables are turned and it's time to make up some of that lost revenue.
Oh! I got this!
Because when the housing bubble burst, and lots of people lost their homes, instead of letting the lenders fail, the government
propped them up, and the banks ended up owning 5x more property. They snapped up all the property, and now..they wanna
make a profit on it.
Those banks should have been allowed to fail. First off, they should have been liquidated, and all proceeds go to their depositors
before any executives get paid.
It did not happen like that. Banks gained about 5x the properties they had before.
I was never for the bailouts, but in their defense, it was government regulations that got them to make those bad loans. Government should have never been involved in the first place. That was the problem.