Shit-talking Capitalists

[Anthony]

But would it be better for them to be homeless? They take huge risks when they get variable rate morgages, at least they have the choice of not being homeless.

[Razor Ramon]

Let them be homeless. If anything, a growing number of homeless families in this country will open the eyes of politicians who ignore the fact that property value is way out of control and get them to regulate it. After all, you don't want middle-class families falling into poverty and causing all sorts of riots, do you?

[kingoffighters]

Let them be homeless. If anything, a growing number of homeless families in this country will open the eyes of politicians who ignore the fact that property value is way out of control and get them to regulate it. After all, you don't want middle-class families falling into poverty and causing all sorts of riots, do you?

I don't think the government should regulate property value. There are plenty of affordable housing all over USA, just not in San Fran, Boston or NYC/NJ.

[Anthony]

Let them be homeless. If anything, a growing number of homeless families in this country will open the eyes of politicians who ignore the fact that property value is way out of control and get them to regulate it. After all, you don't want middle-class families falling into poverty and causing all sorts of riots, do you?

Woah Woah Woah. Preaching to the choir here, I was just trying to come up with a solution that pleased those with empathy. I am not one of those people.

[icarusfall]

I don't think the government should regulate property value. There are plenty of affordable housing all over USA, just not in San Fran, Boston or NYC/NJ.

Don't be an ignorant ass. There's almost no housing available anywhere that can be afforded on the federal minimum wage.

[kingoffighters]

Don't be an ignorant ass. There's almost no housing available anywhere that can be afforded on the federal minimum wage.

? Get a better job instead of government handouts.

[Anthony]

Don't be an ignorant ass. There's almost no housing available anywhere that can be afforded on the federal minimum wage.

What about renting?

[Razor Ramon]

? Get a better job instead of government handouts.

Not evenyone can get a great job and you know this. There will always be those who get the shit end of the stick in this world. Instead of turning a blind eye to those people, however, we should do what we can to make sure they have affordable and decent housing even if it calls for government regulation.

You rent out property, right? I forgot if you did or didn't.

[Razor Ramon]

What about renting?

Renting falls under affordable housing. When I covered Hudson County and had to do an article about affordable housing in Jersey City itself, almost all of those buildings were deemed unlivable by the city and nothing was done about it.

Only one private company (which recieved public funding) actually built ONE new affordable housing building in Jersey City while all other monies were concentrated on the newly developing downtown area where rent is normally $2,500 a month.

When minimum living wages are stagnant and the cost of living is rising, it's hard to just say, "Well work harder."

[Drewbacca]

The prices of housing in the states are RETARDED all over the fucking country. A 750,000 dollar home nowadays is basically a decent house with no bells and whistles. That's astronomically overvalued.

Which is why the housing market is starting to crash. All of the variable mortgages that artificially inflated the market value in certain area's was revealed to be hollow. Good. A crash is going to be a decent thing to happen for the economy in the long haul, even though in the short term a lot of people are fucked.