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Politics : Formerly About Advanced Micro Devices -- Ignore unavailable to you. Want to Upgrade?

To: Wharf Rat who wrote (761912)	1/7/2014 12:37:06 AM
From: koan	Read Replies (1) \| Respond to of 1575007

Smart of you. I wasn't able to do anything. It is too bad Obama didn't let the middle class in on the low interest rates. Imagine how much more money the middle class would have today (too spend) if he had. Instead the rich got every single dime of it. He should have allowed people with good credit to just refinance at the low rates regardless of equity and combine first and seconds. Banks didn't want that so I still have some 7 and 8% loans. I couldn't take advantage of the refinancing and I have very good credit, but I couldn't get the appraisal to 80% equity which is what I needed.

To: Wharf Rat who wrote (761912)	1/7/2014 8:55:07 AM
From: Brumar89	Read Replies (1) \| Respond to of 1575007

That would be the office building you refused to put solar on: I'm holding a $600K note on the office building which that mortgage finished out, and another $50K on the office furnishings within. Rolling Stone says you landlords blow! They've got your number (they wouldn't be surprised you wouldn't improve your office bldg with solar): ...... Ever noticed how much landlords blow? They don't really do anything to earn their money. They just claim ownership of buildings and charge people who actually work for a living the majority of our incomes for the privilege of staying in boxes that these owners often didn't build and rarely if ever improve. In a few years, my landlord will probably sell my building to another landlord and make off with the appreciated value of the land s/he also claims to own – which won't even get taxed, as long as s/he ploughs it right back into more real estate. Think about how stupid that is. The value of the land has nothing to do with my idle, remote landlord; it reflects the nearby parks and subways and shops, which I have access to thanks to the community and the public. So why don't the community and the public derive the value and put it toward uses that benefit everyone? Because capitalism, is why. The most mainstream way of flipping the script is a simple land-value tax. By targeting wealthy real estate owners and their free rides, we can fight inequality and poverty directly, make disastrous asset price bubbles impossible and curb Wall Street's hideous bloat. There are cooler ideas out there, too: Municipalities themselves can be big-time landowners, and groups can even create large-scale community land trusts so that the land is held in common. In any case, we have to stop letting rich people pretend they privately own what nature provided everyone. ....... Read more: rollingstone.com Follow us: @rollingstone on Twitter \| RollingStone on Facebook You and koan: once leftie hippies, now old white landlords, ripping off the people.