You be the Judge

Discussion in 'Politics' started by str8up8x6, Jan 3, 2009.

  1. str8up8x6

    str8up8x6 New Member

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  2. Pecker

    Pecker Retired Moderator
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    But it's a DRY heat.
     
  3. transformer_99

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    Just another perfect example of the Bush economic policy & fraud of the last 8 years. Prosperity based on bullshit. Even sadder, we're bailing this foolishness out, throwing hundreds of billions to maintain the false value of that piece of property. The saying goes in FL,

    "If you believe that place is worth $ 103K, then I have a bridge in the everglades I'd like to sell you".

    Only this is the bridge in the Arizona desert, or an Alaskan bridge to nowhere ?
     
  4. B_Nick4444

    B_Nick4444 New Member

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    must have been a Californian ...
     
  5. D_Pubert Stabbingpain

    D_Pubert Stabbingpain Account Disabled

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  6. canuck_pa

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    I would do some investigating first. Eventually the mortgage mess will be cleaned up and the economy will improve so depending on the location and value of the homes around it in the long run it could be worth a great deal more than $ 103K The average price of a tear-down where I live is $ 750,000

    Of course the real story is that banks were allowed to lend people 100% of the cost of a home without the ability to make payments and with an escalating interest rate. As part of the bail-out every senior person in a bank should have been booted out on their ear as should all the car makers executives.
     
  7. SpeedoMike

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    same property in California a steal at $500,000
     
  8. Vestigial

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    If it was in the middle of my proposed railway or airstrip, yes. :D
     
  9. Honey123

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    In that part of town during the big financial boom shacks like that were being bought up like crazy by investors. They would try to get large tracks of land and tear them all down to build a new subdivision.

    We are in the midst of a downward spiral and most of our troubles were caused by the kind of greed demonstrated by the fools that gave mortgages on shacks.
     
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