[patientlywaiting]

[quote=stockstradr]In many cases they got the properties approved as Section 8; then the majority of the monthly rent check arrives in the mail direct from the government (= US Taxpayers). The Section 8 tenant only has to pay a fraction of the rent. The illegal immigrants run the scam of getting their rent paid by US Taxpayers because the immigrants work for cash income “off the clock” apparently staying within the poverty guidelines making them eligible for Section 8. Then the investors who own the properties get in on the scam by collecting the Section 8 rent payments direct from the government. America: what a country! (a country built upon scams built upon scams…but the house of cards seems to finally be tumbling down!).
[/quote]

I don’t necessarily agree or disagree with your other comments.

However, the Section 8 comments are a bunch of crap.

I happen to be very familiar with the process. It takes about 5 to 7 years on a waiting list to qualify for Section 8.

Plus, you have to prove legal residence in the country in order to qualify. Therefore, illegal aliens would never qualify.

Let’s be honest here and tell it like it is; but let’s not perpetuate false information.

[patientlywaiting]

[quote=stockstradr]In many cases they got the properties approved as Section 8; then the majority of the monthly rent check arrives in the mail direct from the government (= US Taxpayers). The Section 8 tenant only has to pay a fraction of the rent. The illegal immigrants run the scam of getting their rent paid by US Taxpayers because the immigrants work for cash income “off the clock” apparently staying within the poverty guidelines making them eligible for Section 8. Then the investors who own the properties get in on the scam by collecting the Section 8 rent payments direct from the government. America: what a country! (a country built upon scams built upon scams…but the house of cards seems to finally be tumbling down!).
[/quote]

I don’t necessarily agree or disagree with your other comments.

However, the Section 8 comments are a bunch of crap.

I happen to be very familiar with the process. It takes about 5 to 7 years on a waiting list to qualify for Section 8.

Plus, you have to prove legal residence in the country in order to qualify. Therefore, illegal aliens would never qualify.

Let’s be honest here and tell it like it is; but let’s not perpetuate false information.

[patientlywaiting]

[quote=stockstradr]In many cases they got the properties approved as Section 8; then the majority of the monthly rent check arrives in the mail direct from the government (= US Taxpayers). The Section 8 tenant only has to pay a fraction of the rent. The illegal immigrants run the scam of getting their rent paid by US Taxpayers because the immigrants work for cash income “off the clock” apparently staying within the poverty guidelines making them eligible for Section 8. Then the investors who own the properties get in on the scam by collecting the Section 8 rent payments direct from the government. America: what a country! (a country built upon scams built upon scams…but the house of cards seems to finally be tumbling down!).
[/quote]

I don’t necessarily agree or disagree with your other comments.

However, the Section 8 comments are a bunch of crap.

I happen to be very familiar with the process. It takes about 5 to 7 years on a waiting list to qualify for Section 8.

Plus, you have to prove legal residence in the country in order to qualify. Therefore, illegal aliens would never qualify.

Let’s be honest here and tell it like it is; but let’s not perpetuate false information.

[patientlywaiting]

[quote=stockstradr]In many cases they got the properties approved as Section 8; then the majority of the monthly rent check arrives in the mail direct from the government (= US Taxpayers). The Section 8 tenant only has to pay a fraction of the rent. The illegal immigrants run the scam of getting their rent paid by US Taxpayers because the immigrants work for cash income “off the clock” apparently staying within the poverty guidelines making them eligible for Section 8. Then the investors who own the properties get in on the scam by collecting the Section 8 rent payments direct from the government. America: what a country! (a country built upon scams built upon scams…but the house of cards seems to finally be tumbling down!).
[/quote]

I don’t necessarily agree or disagree with your other comments.

However, the Section 8 comments are a bunch of crap.

I happen to be very familiar with the process. It takes about 5 to 7 years on a waiting list to qualify for Section 8.

Plus, you have to prove legal residence in the country in order to qualify. Therefore, illegal aliens would never qualify.

Let’s be honest here and tell it like it is; but let’s not perpetuate false information.

[patientlywaiting]

[quote=stockstradr]In many cases they got the properties approved as Section 8; then the majority of the monthly rent check arrives in the mail direct from the government (= US Taxpayers). The Section 8 tenant only has to pay a fraction of the rent. The illegal immigrants run the scam of getting their rent paid by US Taxpayers because the immigrants work for cash income “off the clock” apparently staying within the poverty guidelines making them eligible for Section 8. Then the investors who own the properties get in on the scam by collecting the Section 8 rent payments direct from the government. America: what a country! (a country built upon scams built upon scams…but the house of cards seems to finally be tumbling down!).
[/quote]

I don’t necessarily agree or disagree with your other comments.

However, the Section 8 comments are a bunch of crap.

I happen to be very familiar with the process. It takes about 5 to 7 years on a waiting list to qualify for Section 8.

Plus, you have to prove legal residence in the country in order to qualify. Therefore, illegal aliens would never qualify.

Let’s be honest here and tell it like it is; but let’s not perpetuate false information.

[patientlywaiting]

If you look back to last year, the RE shills were claiming “buy now because prices are down and rates are historically low”.

Now one year later, prices are down 26.3% in San Diego and rates are lower. People who bought last year were knife catchers, soon to become FBs. If they put 20% down, they are already upside down.

http://www.signonsandiego.com/uniontrib/20081126/news_1b26housing.html

[patientlywaiting]

If you look back to last year, the RE shills were claiming “buy now because prices are down and rates are historically low”.

Now one year later, prices are down 26.3% in San Diego and rates are lower. People who bought last year were knife catchers, soon to become FBs. If they put 20% down, they are already upside down.

http://www.signonsandiego.com/uniontrib/20081126/news_1b26housing.html

[patientlywaiting]

If you look back to last year, the RE shills were claiming “buy now because prices are down and rates are historically low”.

Now one year later, prices are down 26.3% in San Diego and rates are lower. People who bought last year were knife catchers, soon to become FBs. If they put 20% down, they are already upside down.

http://www.signonsandiego.com/uniontrib/20081126/news_1b26housing.html

[patientlywaiting]

If you look back to last year, the RE shills were claiming “buy now because prices are down and rates are historically low”.

Now one year later, prices are down 26.3% in San Diego and rates are lower. People who bought last year were knife catchers, soon to become FBs. If they put 20% down, they are already upside down.

http://www.signonsandiego.com/uniontrib/20081126/news_1b26housing.html

[patientlywaiting]

If you look back to last year, the RE shills were claiming “buy now because prices are down and rates are historically low”.

Now one year later, prices are down 26.3% in San Diego and rates are lower. People who bought last year were knife catchers, soon to become FBs. If they put 20% down, they are already upside down.

http://www.signonsandiego.com/uniontrib/20081126/news_1b26housing.html

[patientlywaiting]

On the role of Phil Gramm.

*

BTW, I agree with Phil Gramm. However, the only way for this market theories to work, is for the government to stay out. You can’t have bailouts without regulations — the two go hand in hand.

For the invisible hand to work, then we need to let the chips fall where they may.

[patientlywaiting]

On the role of Phil Gramm.

*

BTW, I agree with Phil Gramm. However, the only way for this market theories to work, is for the government to stay out. You can’t have bailouts without regulations — the two go hand in hand.

For the invisible hand to work, then we need to let the chips fall where they may.

[patientlywaiting]

On the role of Phil Gramm.

*

BTW, I agree with Phil Gramm. However, the only way for this market theories to work, is for the government to stay out. You can’t have bailouts without regulations — the two go hand in hand.

For the invisible hand to work, then we need to let the chips fall where they may.

[patientlywaiting]

On the role of Phil Gramm.

*

BTW, I agree with Phil Gramm. However, the only way for this market theories to work, is for the government to stay out. You can’t have bailouts without regulations — the two go hand in hand.

For the invisible hand to work, then we need to let the chips fall where they may.

[patientlywaiting]

On the role of Phil Gramm.

*

BTW, I agree with Phil Gramm. However, the only way for this market theories to work, is for the government to stay out. You can’t have bailouts without regulations — the two go hand in hand.

For the invisible hand to work, then we need to let the chips fall where they may.

[Author]

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