Quit whinning about bail outs

[Coronita]

Multiplepropert,

"Tis the season to be a troll".

 

Actually, your post reminds me of my first post a few years back.  I pretty much posted the first time with the tag line "sour grapes", just to see how damn passionate people feel on this board

A couple of things I found out along the way. This blog isn't about sour renters. Yes, there are a few doomsday people here.  The nice thing about this blog is it highlights that their is hope in this country filled with overconsumptious, over leveraged, knee deep in debt people. And the nice thing is that these folks are all from different economic backgrounds, from ultra rich people, to just your average joe worker. I see a lot of average joe workers here through financial responsibility and conservation who are going to be just well off and fine because they exercise an amount of constraint.

The rest of average america, well it's going to be a pretty tough life for them down the road.

 

Is it fair? No, but life is not fair. Wake up. You want a bail out. Yes, you might not get that killer beach pad, but you won't be standing in a bread line with your kids like I did with my parents as a child.

I think you're missing the point.

1) The bailout is to help the banks, not average joe.

2) There probably will be a time in the future when people with their kids will be standing in a breadline. The only difference that the bailouts will make is to delay this pain. Also, all this bailout also is going to put a load onto other people who have been financially responsible via taxes, dragging them into the mud and possibly forcingthem to stand in the same breadline. As far as I'm concerned, the pain is going to happen. Might as well be now versus a few years down the road.

 

Anyway, enjoy your new home you recently purchased. Hope the home satisfy your material needs and offsets how much more you're going to be forking over versus anyone that purchases down the road. (and no, I'm not a bitter renter).

[drunkle]

i suspect alot of bitter or gullible renters bought in at or around the peak due to the seemingly ever increasing prices, ever increasing availability of free money, ever increasing pressure from grocery store clerks and infomercials talking about “you loser! look at me, look at these beautiful women! you be like me, you stop being loser!” those bitter/gullible renters are now bitter debtors.

you gotta be a total moron to think that a “bail out” will succeed in achieving whatever goal you’re praying for it to achieve. it won’t. the bail out is not for you. there’s only so many life boats and you’re not invited.

if a bail out could possibly do what you hope it would do, why wouldn’t it just be standard policy? if everyone could live on the dole and not be responsible or productive citizens and yet live a life of luxury, why bother with capitalism and competition? education and innovation?

[drunkle]

i suspect alot of bitter or gullible renters bought in at or around the peak due to the seemingly ever increasing prices, ever increasing availability of free money, ever increasing pressure from grocery store clerks and infomercials talking about “you loser! look at me, look at these beautiful women! you be like me, you stop being loser!” those bitter/gullible renters are now bitter debtors.

you gotta be a total moron to think that a “bail out” will succeed in achieving whatever goal you’re praying for it to achieve. it won’t. the bail out is not for you. there’s only so many life boats and you’re not invited.

if a bail out could possibly do what you hope it would do, why wouldn’t it just be standard policy? if everyone could live on the dole and not be responsible or productive citizens and yet live a life of luxury, why bother with capitalism and competition? education and innovation?

[drunkle]

i suspect alot of bitter or gullible renters bought in at or around the peak due to the seemingly ever increasing prices, ever increasing availability of free money, ever increasing pressure from grocery store clerks and infomercials talking about “you loser! look at me, look at these beautiful women! you be like me, you stop being loser!” those bitter/gullible renters are now bitter debtors.

you gotta be a total moron to think that a “bail out” will succeed in achieving whatever goal you’re praying for it to achieve. it won’t. the bail out is not for you. there’s only so many life boats and you’re not invited.

if a bail out could possibly do what you hope it would do, why wouldn’t it just be standard policy? if everyone could live on the dole and not be responsible or productive citizens and yet live a life of luxury, why bother with capitalism and competition? education and innovation?

[drunkle]

i suspect alot of bitter or gullible renters bought in at or around the peak due to the seemingly ever increasing prices, ever increasing availability of free money, ever increasing pressure from grocery store clerks and infomercials talking about “you loser! look at me, look at these beautiful women! you be like me, you stop being loser!” those bitter/gullible renters are now bitter debtors.

you gotta be a total moron to think that a “bail out” will succeed in achieving whatever goal you’re praying for it to achieve. it won’t. the bail out is not for you. there’s only so many life boats and you’re not invited.

if a bail out could possibly do what you hope it would do, why wouldn’t it just be standard policy? if everyone could live on the dole and not be responsible or productive citizens and yet live a life of luxury, why bother with capitalism and competition? education and innovation?

[drunkle]

i suspect alot of bitter or gullible renters bought in at or around the peak due to the seemingly ever increasing prices, ever increasing availability of free money, ever increasing pressure from grocery store clerks and infomercials talking about “you loser! look at me, look at these beautiful women! you be like me, you stop being loser!” those bitter/gullible renters are now bitter debtors.

you gotta be a total moron to think that a “bail out” will succeed in achieving whatever goal you’re praying for it to achieve. it won’t. the bail out is not for you. there’s only so many life boats and you’re not invited.

if a bail out could possibly do what you hope it would do, why wouldn’t it just be standard policy? if everyone could live on the dole and not be responsible or productive citizens and yet live a life of luxury, why bother with capitalism and competition? education and innovation?

[cr]

It diminishes the respectability of this site and it’s valuable contributors when people like this come along and cry foul to anyone who thinks a housing correction is in order, yet is guilty of their own accusations, while showing nothing but complete ignorance in making such ludicrous claims.

I couldn’t be happier as a renter, as long as my landlord doen’t start gloating about having stood in breadlines as a child, and call me bitter about not being one of the 2 million people recieving default notices.

Here’s the number MPO – 1-888-995-HOPE, it’s probably busy.

[cr]

It diminishes the respectability of this site and it’s valuable contributors when people like this come along and cry foul to anyone who thinks a housing correction is in order, yet is guilty of their own accusations, while showing nothing but complete ignorance in making such ludicrous claims.

I couldn’t be happier as a renter, as long as my landlord doen’t start gloating about having stood in breadlines as a child, and call me bitter about not being one of the 2 million people recieving default notices.

Here’s the number MPO – 1-888-995-HOPE, it’s probably busy.

[cr]

It diminishes the respectability of this site and it’s valuable contributors when people like this come along and cry foul to anyone who thinks a housing correction is in order, yet is guilty of their own accusations, while showing nothing but complete ignorance in making such ludicrous claims.

I couldn’t be happier as a renter, as long as my landlord doen’t start gloating about having stood in breadlines as a child, and call me bitter about not being one of the 2 million people recieving default notices.

Here’s the number MPO – 1-888-995-HOPE, it’s probably busy.

[cr]

It diminishes the respectability of this site and it’s valuable contributors when people like this come along and cry foul to anyone who thinks a housing correction is in order, yet is guilty of their own accusations, while showing nothing but complete ignorance in making such ludicrous claims.

I couldn’t be happier as a renter, as long as my landlord doen’t start gloating about having stood in breadlines as a child, and call me bitter about not being one of the 2 million people recieving default notices.

Here’s the number MPO – 1-888-995-HOPE, it’s probably busy.

[cr]

It diminishes the respectability of this site and it’s valuable contributors when people like this come along and cry foul to anyone who thinks a housing correction is in order, yet is guilty of their own accusations, while showing nothing but complete ignorance in making such ludicrous claims.

I couldn’t be happier as a renter, as long as my landlord doen’t start gloating about having stood in breadlines as a child, and call me bitter about not being one of the 2 million people recieving default notices.

Here’s the number MPO – 1-888-995-HOPE, it’s probably busy.

[Multiplepropertyowner]

Alright, I need to get back to caring for all my multiple properties and have no more time to post, for I am counting all of the money I make from rents.:)
P.S. There were some really good insights brought up in this conversation. The usual suspects always have something good to say Bugs, Rustico, Sdrealtor, blackbox and more.
In the end I still believe most of the negative pub this site gets comes from people who missed out on the upswing.
I also don’t like a bail out, but in the end I think it will help on softening the landing. I would actually like to see the market go down another 20% as I am hoping to buy in Leucadia in the next 5 years and the properties which I do have are long term holds. Oh, and one more thing, the only bread line I ever stood in with my parents as a kid was at the buffet at the Rancho Santa Fe Inn.
Merry Christmas,
Multiplepropertytroll,

[Multiplepropertyowner]

Alright, I need to get back to caring for all my multiple properties and have no more time to post, for I am counting all of the money I make from rents.:)
P.S. There were some really good insights brought up in this conversation. The usual suspects always have something good to say Bugs, Rustico, Sdrealtor, blackbox and more.
In the end I still believe most of the negative pub this site gets comes from people who missed out on the upswing.
I also don’t like a bail out, but in the end I think it will help on softening the landing. I would actually like to see the market go down another 20% as I am hoping to buy in Leucadia in the next 5 years and the properties which I do have are long term holds. Oh, and one more thing, the only bread line I ever stood in with my parents as a kid was at the buffet at the Rancho Santa Fe Inn.
Merry Christmas,
Multiplepropertytroll,

[Multiplepropertyowner]

Alright, I need to get back to caring for all my multiple properties and have no more time to post, for I am counting all of the money I make from rents.:)
P.S. There were some really good insights brought up in this conversation. The usual suspects always have something good to say Bugs, Rustico, Sdrealtor, blackbox and more.
In the end I still believe most of the negative pub this site gets comes from people who missed out on the upswing.
I also don’t like a bail out, but in the end I think it will help on softening the landing. I would actually like to see the market go down another 20% as I am hoping to buy in Leucadia in the next 5 years and the properties which I do have are long term holds. Oh, and one more thing, the only bread line I ever stood in with my parents as a kid was at the buffet at the Rancho Santa Fe Inn.
Merry Christmas,
Multiplepropertytroll,

[Multiplepropertyowner]

Alright, I need to get back to caring for all my multiple properties and have no more time to post, for I am counting all of the money I make from rents.:)
P.S. There were some really good insights brought up in this conversation. The usual suspects always have something good to say Bugs, Rustico, Sdrealtor, blackbox and more.
In the end I still believe most of the negative pub this site gets comes from people who missed out on the upswing.
I also don’t like a bail out, but in the end I think it will help on softening the landing. I would actually like to see the market go down another 20% as I am hoping to buy in Leucadia in the next 5 years and the properties which I do have are long term holds. Oh, and one more thing, the only bread line I ever stood in with my parents as a kid was at the buffet at the Rancho Santa Fe Inn.
Merry Christmas,
Multiplepropertytroll,

[Author]

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