Quote of the Day
You have the effects of the MAB [Mutant Asset Bubble] implosion wrong. The MAB has hurt poor people greatly. If you go to subprime areas, you see that it is poor, working class people who were swindled by subprime brokers and are now losing their credit scores, their houses, and in many cases down payments…
You have the effects of the MAB [Mutant Asset Bubble] implosion wrong. The MAB has hurt poor people greatly. If you go to subprime areas, you see that it is poor, working class people who were swindled by subprime brokers and are now losing their credit scores, their houses, and in many cases down payments and closing costs. This is very serious. In addition, all the empty, boarded up houses just encourage crime and destroy the property values of their neighbors’ houses. In sum, poor people were screwed on the way up and they’re being screwed on the way down. The rich are not going to suffer as much.
— by mopar in Last Week’s Biggest Sales
“What, when will you figure out that BHO is using you?”
Divide and conquer.
“…cackling about the potential misfortune of everyone who did the same thing [buy affordably]…”
Oxymoron.
Team Bear We Go Hard…Team Bear We Go Hard…
***Bid half off peak comps***
It makes him neither better nor worse than BHO but I don’t really believe What is violent or advocates violence. After many months of trying to understand What I have come to the conclusion that his violent passages are rhetorical devices, ones that I disapprove of but something that somehow make sense to me on some gut level. I think some of it has to do with the fact that What and I live so close to each other. I have seen this neighborhood through his eyes and therefore I have more tolerance for his rants. I hope you particularly understand Dave that I do not condone when he says things that are homophobic or sexist or racist. I do not and point out my displeasure regularly about his more outrageous statements. But like I said, I think I know where he is coming from even though I don’t agree with his world view.
BHO on the other hand espouses and cackles about the very same things but if you read between the lines he is really just another person who wants to buy a rowhouse in Brooklyn (which obviously is fine as I just did the same, it is the hypocrisy which bothers me). He gloms on to the What’s POV when it suits him because he thinks that if he keeps hammering his position that the market will follow his great influence and lead him to the promised land of an affordable house. Again, I have no problem with someone wanting to buy an affordable house, but to do so while cackling about the potential misfortune of everyone who did the same thing is despicable.
So, in my world view I would much rather know What than BHO because at least What’s position is clear and unequivocal.
Yes, but the What, though consistent, is championing the “taking back” of neighborhoods and not without some hope of a little violence here and there. Though his position is consistent, its also nothing more than self proclaimed entitlement and racist at that. Does that make him better or worse than BHO???
“I stand by my messages to BHO and the What.”
I know you don’t agree with me on this benson but I draw a big distinction between What and BHO. The What for better or for worse has his point of view and is consistent: gentrification has driven poor people, largely African American, out of neighborhoods like Clinton Hill and he is pissed off. Of course he is way to reductionist in his “theories” about urban demographics but he has a POV that is consistent and certainly not one that I haven’t heard before. BHO on the other hand pretends to be on What’s team, but really he is just another aspirational asshat wanting to climb the very same “ladder” that What hates.
What, when will you figure out that BHO is using you?
“You guys give me too much power.”
You are mistaking the annoyance that comes with your tedious negativity with power. You are a person who knows not who they are and therefore wants everyone else to suffer with you. Find yourself first my friend.
Sorry, BHO, no free lunches being dished out. You got to earn your skittles and your downpayment. Go home and play in your sandbox.
“Hey BHO;
Spare me your trite observations about life in the Great Depression, you ass. My parents grew up in the Dreat Depression, both children in broken immigrant homes. I grew up with their haunted memories of what life was like for them at that time.”
Eat one, Benson. My people were lynched during the Great Depression while trying to escape 50% unemployment (versus your 25%). With all due respect, what your parents went through aint touchin’ that. I’m haunted everyday about what my people went through (and still are going through), the latest episode curtesy of the NY Post.
“It is exactly for that reason that I find people like you to be despicable, people who would post their glee on the internet over the prospect of another Great Depression, so that they could pick up a ‘deal’ on a house.”
You goddamn right I’m gleeful. Gleeful about a price collapse, not a depression. But I can’t have my cake now can I? THEY (all who participated) wrapped the global economy around home prices, not me. This depression is a means to an end. It was all good in the hood when prices were 3-4 X income.
“Why don’t you grow up and think about the implications of what you write on this site?”
Implications??? You guys give me too much power.
Team Bear We Go Hard…Team Bear We Go Hard…
***Bid half off peak comps***
“It’s quite another to respond with glee about the prospect of another Great Depression.”
Benson what about the “glee” that the retard had before 2009??? Every idiot who thought buy buying a house they was on the road to riches! During those years (I’m a Broker) it was very hard to convince these people that they was making big mistakes and now we have to live with that crap???? I so sorry but FECK ‘EM!!!! America is in a depression and it will be hard on the retards!!!
“Finally, you don’t know me, and you don’t know my financial condition, so quit your speculation. I am in my 50’s, and as such, have more than 75% of the equity in my house.”
You a retard Baby-boomer and you will get your Ass handed to you! I wonder how upset you will be when the Plutocratic crowd comes for you Social Security money (Yeah that’s next retard) I wonder how upset you will be with BHO and The What….
“It’s quite another to respond with glee about the prospect of another Great Depression.”
I have a raging HARD-ON! I can’t wait….
The What (Cry me a river…)
Someday this war is gonna end….
Hey Whuh;
What the hell are you talking about??
I set the goalposts for my being on Team Bull a few months ago, predicitng that the average selling price in Brooklyn would fall less than 20%. And you know what? If I lose the bet, it is not big deal. I’ve lost debates before, and if I lose this one, I’ll have learned something. No big deal.
If you would read my message to Joe carefully, I said that there are many intelligent members of Team Bear. Having said that, I stand by my messages to BHO and the What. It is one thing to engage in an intellectual debate about the economy, the housing market, etc. It’s quite another to respond with glee about the prospect of another Great Depression.
Finally, you don’t know me, and you don’t know my financial condition, so quit your speculation. I am in my 50’s, and as such, have more than 75% of the equity in my house.