Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Strategies & Market Trends : The Residential Real Estate Crash Index -- Ignore unavailable to you. Want to Upgrade?

To: Jim McMannis who wrote (114316)	4/2/2008 5:26:45 PM
From: patron_anejo_por_favor	Read Replies (1) \| Respond to of 306849

>> just raise the milleage rate to bring in more money to pay the dividends<< ...thus screwing the few remaining taxpaying homemoaners a little further into the ground!<G/NG> But knowing municipalities yer prolly right. I keep hearing how G.O. Munis are always so safe, if they keep getting pushed out the door by this kinda stuff it won't last long. In a sense, this whole exercise (of the Feds trying to push the home inventory overhang back onto state/local government) is another version of the hot potato game that was going on in subprime in say 2005-early '06, before defaults started rising. Only by no accident, the risk is now being fully socialized, while back then the profits were being stuffed into the pockets of the participants. Yer realty-industrial complex at work..... Oh, and if any of the state or local politicians in the local or state government here try to cram this down our throats, I can guarantee one hell of a voter backlash come November.....