Thread: Obama signs jobs bill right B4 election

Originally Posted by buddahas

others are getting interest free mortgages for the houses they could not afford in the first place.

A loan of $50K will not help a homeowner with a jumbo loan whose house is underwater. None of my neighbors is rejoicing that families are losing their homes, and we are not pissed off that the government has targeted a specific demographic for aid.

---------- Post added at 09:52 ---------- Previous post was at 09:51 ----------

Originally Posted by buddahas

I just bought a shoebox downtown condo that I can barely fit in

Why'd you do that?

Originally Posted by buddahas

That really is some crazy shit, Benny. I just bought a shoebox downtown condo that I can barely fit in, and if I was a Yank I would be extremelly pissed off paying interest while others are getting interest free mortgages for the houses they could not afford in the first place. God, America has become an ultra commie state and I hope the socialist Canada does not follow. Now, I often listen to Peter Schiff and although I give him credit for all the calls he made, I think he is very wrong about real estate.I think real estate is a bubble that will keep growing and is only suffering a temporary setback in the States. When all the confidence is lost in paper assets (stock market) the only place to invest will be land. If you look at the countries that suffered the most economically (I also happened to grow up in one), real estate is the only commodity that people trust and that's when all price to rent and other ratios and fundamentals go out of the window.

On land I have no opinion.

But see it the way you do, Buddahas. I listen to Schiff as well. The US seems to be trying to plug all of these holes in the dyke. In the end, what has been accomplished?

More importantly, what will be accomplished by this?

Originally Posted by buddahas

Why did I buy a shoebox?

Coz I am responsible and could only afford small mortgage after my cheating gf kicked me out.

Or why did I buy property at all?

You say that you barely fit in your shoebox of a condo, and I got the feeling of despair from your words. I'm just curious why you chose such a small place or why you would live uncomfortably. Maybe it has more to do with your ex-gf.

Originally Posted by buddahas

Why did I buy a shoebox? Coz I am responsible and could only afford small mortgage after my cheating gf kicked me out. Or why did I buy property at all? Because I need a place to live and think paper money will be worthless. Just a usual amount of paranoia inherited from my Yugoslavian ancestors

R U every returning to LOS?