The Housing Bubble - An example

[Sarcasmo]

One house in Palm Springs sold 8 times in 7 years. It is a 3 bedroom 2 bath 1,400 square foot house built in 1960.

Its price went from $38,250 in 2001 to $450,000 in 2006 before crashing back down to $32,500 in a foreclosure sale this year. Because of all the silly real estate speculators, the property taxes for this thing are ratcheted up to $4,400 a year based on the assumed value of $364,140.

Here is a street view of the house.

 

[itburnswhenipee]

Looks like a good set for a snuff film.

 

[Syrup Beaver]

Wow, what a hell hole.

So I _wasn't_ wrong about California, I was just three years behind the times

So the taxes are more than the mortgage.....

 

[Duke]

Check out http:\\www.sarasotaherald.com

They have a huge article showing how flipping in sarasota was used fraudulently to generate tons of cash by inflating properties on the flip, and pocketing the difference when the transactions were carried in a tight circle of people

3 groups in sarasota have generated 10 billion in defaults, and pockets hundreds of millions of cash, and the police won't touch the case because they don't have the budget, manpower, or knowledge base.

How to commit huge dollar crime and walk away scott free 101 right there.

 

[Sarcasmo]

Wow, what a hell hole.

So I _wasn't_ wrong about California, I was just three years behind the times

So the taxes are more than the mortgage.....

Yeah this thread is for you. And w_a_w.

 

[Syrup Beaver]

It still looks like it's too far to commute to anywhere for an IT job.

 

[tre]

Check out http:\\www.sarasotaherald.com

They have a huge article showing how flipping in sarasota was used fraudulently to generate tons of cash by inflating properties on the flip, and pocketing the difference when the transactions were carried in a tight circle of people

3 groups in sarasota have generated 10 billion in defaults, and pockets hundreds of millions of cash, and the police won't touch the case because they don't have the budget, manpower, or knowledge base.

How to commit huge dollar crime and walk away scott free 101 right there.

I just read this article, and it's just...wow
http://www.rollingstone.com/politics/story/29127316/the_great_american_bubble_machine

 

[Duke]

I just read this article, and it's just...wow
http://www.rollingstone.com/politics/story/29127316/the_great_american_bubble_machine

Jesus christ,

I just read the first page and wanted to start a revolution.

 

[JAXvillain]

I just read this article, and it's just...wow
http://www.rollingstone.com/politics/story/29127316/the_great_american_bubble_machine

one of my younger cousins got laid off from goldman on monday

edit: think it was goldman

 

[Duke]

one of my younger cousins got laid off from goldman on monday

edit: think it was goldman

We he a Gentile? That would probably be why.

 

[fly]

one of my younger cousins got laid off from goldman on monday

edit: think it was goldman

Your one degree from everything and everyone on the planet. Fuck Kevin Bacon.

 

[JAXvillain]

We he a Gentile? That would probably be why.

you're jewish?

 

[JAXvillain]

Your one degree from everything and everyone on the planet. Fuck Kevin Bacon.

I no, rite?

fuck, I'll call him to verify...think he might be moving back to atlanta and I need a ringer for an upcoming golf tournament anyway

 

[Duke]

you're jewish?

WHOOOOOOOOOOOOOOOOOOOOSSSSSSSHHHHHHHHHHHHHH

Goldman-Sachs accused of laying off gentiles in favor of keeping their jewish workforce.

news at 11

 

[OzSTEEZ]

WHOOOOOOOOOOOOOOOOOOOOSSSSSSSHHHHHHHHHHHHHH

Goldman-Sachs accused of laying off gentiles in favor of keeping their jewish workforce.

news at 11

Legal loophole allows 16 year olds to strip in Rhode Island.

news at 5

 

[tre]

Legal loophole allows 16 year olds to strip in Rhode Island.

news at 5

fly uses creative mathematics to reason that as two 8-year-olds.

 

[JAXvillain]

WHOOOOOOOOOOOOOOOOOOOOSSSSSSSHHHHHHHHHHHHHH

Goldman-Sachs accused of laying off gentiles in favor of keeping their jewish workforce.

news at 11

I could swear you alluded to yourself being jewish in the post initially but it's since been changed

 

[Sarcasmo]

I just read this article, and it's just...wow
http://www.rollingstone.com/politics/story/29127316/the_great_american_bubble_machine

That's a great article. I'm sure I'll end up reading it two or three times.

 

[Duke]

I could swear you alluded to yourself being jewish in the post initially but it's since been changed

I would be disowned.

 

[JAXvillain]

I would be disowned.

but that would make your parents jewish too