shut down the gov't.
Balance the budget.
Clinton Style
lols Clinton caused the housing crisis by allowing banks to give loans of 300K+ to Low Budget 's that make 30K a year.
That's one way of looking at it.
Another way to look at is that Clinton allowed low income families to have a home they can call their own. A 300,000 loan to a low income family a 20-30 year mortgage. But at least at the end of those 20-30 years a family would have a home.
The problem though is not because of Clinton but because of STUPID PEOPLE, who are greedy and have poor planning abilities. People started buying houses not to live in, but to flip once the price got above level, and the only reason the price went up is because it was easy to get the money and out bid the other person. To throw another 10-20K on top of the final price is nothing when it gets distributed over 20-30 years.
The problem was that the housing market did not bother to regulate itself and everyone got blinded by their greed.
For one thing there should have been extremely high penalties for flipping houses in under 5 years. If you think you won't live in your house for that long then don't buy a house, you're economically better off renting in cases where your life/job location is so unpredictable. These affordable loans should have been one time offer and tied to a single family/property. Once you flip a home you make it so that no bank ever gives you such an easy loan.
So don't blame Clinton, blame the ass-faggots who are just out to make a buck. Seriously what kind of society do you live in where people buy houses just to make money and not you know.. LIVE in them.
Making money from money, collectables, and flipping shit is the lowest form of income, in fact I personally do not consider these "jobs" and in reality these activities share a lot with GAMBLING.
1 [ job] Show IPA noun, verb, jobbed, job·bing, adjective.
noun 1. a piece of work, especially a specific task done as part of the routine of one's occupation or for an agreed price
Looks to me if they buy a house, work on it, fix it up, sell it. They have done the above.
Ice I'm not talking about the people who buy 50 year old bungalows and modernize them. I'm talking about the people that buy freshly built suburbian homes and just sit on them for a year and then flip-em.
The people who owned my condo unit bought it 11 years ago when it was new. Someone lived in it but they barely took care of it. They did a fresh coat of white paint on the walls and that's it. I got 11-year-old carpet, 11-year-old appliances, 11-year old everything. Once I got a hold of the papers I saw that these people made 110,000 dollars on top of their initial purchase price in 2001.
They had $$$ and the ability to sign a piece of paper, and from this "effort" they made roughly 8 grand a year give or take taxes/interest (assuming they paid either).
That's not a JOB by ANY standards.
How do you know they didnt leave because they were not happy there?
because if someone lives in a home they cared about for 11 years they would have taken care of it. They would have personalized it.
All of my friends that have bought property in the last 2-3 have done something to it that made it their own. They renovated kitchens, they put in different floors, they painted the walls their own choice colour or put on wallpaper etc, etc etc.
This is what a property owner is inclined to do, to take care of their property.
My unit looked like it was just rented out all this time, as little money as possible was spent on upkeep.
So why did you buy it if it needed all the work? Why should you judge how someone lives, or say they should have done this or that? Thats your opinion, its not a FACT.
You honestly seem bitter that you over paid on a piece of crap condo (Only going by your comments on how its old and beat up)
Actually it's a great condo, one of the best in the area and one of the lowest maintenance fees thanks to a solid board of owners(directors) that looks after it.
If I was to sell today I think I'm about 60-70k + over what I originally paid, and that was 4 years ago. Pretty good ROI.
I'm just saying the people who lived there before me obviously didn't "live" in it, they probably used it for rent and decided to pull the trigger cuz they needed some cash to pay for their crack addiction.
So, in reality, if you decided to move for w/e reason tomorrow, for instance like a job or bigger home, then you would be contradicting yourself? correct?