WOW....wonder how this headline is working out for their attempt to sell homes?
McThief's next gala bus tour is March 29. I wonder what his explanation will be if people ask. Probably the same lame excuse that "you pay less...." but he will NEVER be honest and tell people they WILL LOSE money in the long run.
Optimists close their eyes and pretend problems are non existent. Better to have open eyes, see the truths, acknowledge the negatives, and speak up for the people rather than the politicos and their rich cronies.
McThief's next gala bus tour is March 29. I wonder what his explanation will be if people ask. Probably the same lame excuse that "you pay less...." but he will NEVER be honest and tell people they WILL LOSE money in the long run.
If anyone can ride maybe you should hop on and question him directly. Maybe even record the interaction and put it up on social media for all to hear.
Obviously they don't understand how they would be owning a house that is not worth what the amount owed on it is. They don't understand the word "equity"
Buy a house in the city today, MIGHT be able to sell it tomorrow, AND LOSE MONEY.
Buy a house elsewhere today, WILL be able to sell it tomorrow, AND MAKE MONEY.
Realestate investing is like playing the horses at Saratoga....it's a gamble. Look at all those poor bast@rds who bought during the housing bubble!!!!!! OMG!!! Realestate is not solid. There are many many folks who own homes in the city now and honestly believe (and they could be right) that when the casino rolls in, their homes will increase in value. Some folks are buying property in the city 'in hopes' that the property will only increase. It's a gamble for sure!
The folks that are buying in woodlawn believe that NOTHING is a sure thing when buying a home. People make decisions based on what they know that day. Sometimes you come out a winner and sometimes you don't.
When the INSANE are running the ASYLUM In individuals, insanity is rare; but in groups, parties, nations and epochs, it is the rule. -- Friedrich Nietzsche
“How fortunate for those in power that people never think.” Adolph Hitler
Oh, I couldn't agree more on that, but I still say, and I've spoken to some who believe this, there's a section of the population who own homes, or are considering buying homes, who are willing to bet on an improving City. Not saying they're right, and not saying they're wrong. I guess it's all about how you view things and the risks you're willing to take.
If people are buying homes in the city knowing it's the highest taxed in the area and they look around and see the crumbling infrastructure, the lines at the DSS building, the failing schools, the high crime, all while most city employees are living in the suburbs. And they can't connect the dots and see where the tax money is going, they desrere what they get.
If people are buying homes in the city knowing it's the highest taxed in the area and they look around and see the crumbling infrastructure, the lines at the DSS building, the failing schools, the high crime, all while most city employees are living in the suburbs. And they can't connect the dots and see where the tax money is going, they desrere what they get.
And rightly so. But, and this is a big but, since I don't have or know how to use a crystal ball, but what if by some quirk of fate things DO turn around, and the folks who stuck it out or are investing on an unknown now do reap some reward. I'm not sitting here saying that it's going to happen, but on the other hand in my 68 years living on this earth, I've certainly seen stranger and unexpected things happen.
I think bumblethru hit it right re: real estate, it's a gamble. And another odd thought I had. Where is it written that you HAVE to recoup your investment when you buy a house. When you buy a car do you EVER resell for what you paid. Or anything else for that matter. Real Estate seems to be the only thing people buy where it's almost like it's a birthright to make a profit. I know plenty of folks who sold without getting back what they put into their property. And they didn't care.
Some folks take chances on a situation, and other folks b**ch about the same situation. I just find both sides fascinating to observe.
"I saw the best minds of my generation destroyed by madness, starving hysterical naked, dragging themselves through the negro streets at dawn looking for an angry fix,"
And rightly so. But, and this is a big but, since I don't have or know how to use a crystal ball, but what if by some quirk of fate things DO turn around, and the folks who stuck it out or are investing on an unknown now do reap some reward. I'm not sitting here saying that it's going to happen, but on the other hand in my 68 years living on this earth, I've certainly seen stranger and unexpected things happen.
I think bumblethru hit it right re: real estate, it's a gamble. And another odd thought I had. Where is it written that you HAVE to recoup your investment when you buy a house. When you buy a car do you EVER resell for what you paid. Or anything else for that matter. Real Estate seems to be the only thing people buy where it's almost like it's a birthright to make a profit. I know plenty of folks who sold without getting back what they put into their property. And they didn't care.
Some folks take chances on a situation, and other folks b**ch about the same situation. I just find both sides fascinating to observe.
A home is always a libility. It's not an investment. It has no productive value. Developing land is a different story.
What else is new? I thought this would be about teenage pregnancy rates where we just passed Newark. Nothing can improve until the whole DEM implosion crowd is cleaned out in November.
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What else is new? I thought this would be about teenage pregnancy rates where we just passed Newark. Nothing can improve until the whole DEM implosion crowd is cleaned out in November.
