Skip to content
×
PRO
Pro Members Get Full Access!
Get off the sidelines and take action in real estate investing with BiggerPockets Pro. Our comprehensive suite of tools and resources minimize mistakes, support informed decisions, and propel you to success.
Advanced networking features
Market and Deal Finder tools
Property analysis calculators
Landlord Command Center
$0
TODAY
$69.00/month when billed monthly.
$32.50/month when billed annually.
7 day free trial. Cancel anytime
Already a Pro Member? Sign in here

Join Over 3 Million Real Estate Investors

Create a free BiggerPockets account to comment, participate, and connect with over 3 million real estate investors.
Use your real name
By signing up, you indicate that you agree to the BiggerPockets Terms & Conditions.
The community here is like my own little personal real estate army that I can depend upon to help me through ANY problems I come across.
Off Topic
All Forum Categories
Followed Discussions
Followed Categories
Followed People
Followed Locations
Market News & Data
General Info
Real Estate Strategies
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Real Estate Classifieds
Reviews & Feedback

Updated almost 13 years ago, 01/31/2012

User Stats

5,700
Posts
3,497
Votes
Rich Weese#2 Off Topic Contributor
  • Real Estate Investor
  • the villages, FL
3,497
Votes |
5,700
Posts

perfect storm update and concerns

Rich Weese#2 Off Topic Contributor
  • Real Estate Investor
  • the villages, FL
Posted

Update of concerns on perfect storm I see forming.
There are more and more "voters" requiring entitlements. Here are a couple today.

1. Tens of thousands nearly riot for the opportunity to get an application to be on the WAITING list for more section 8 money in Atlanta.

2.Protesters outside Wall street today protesting not for more jobs, but for LONGER unemployment benefits. 99 weeks is not enough. How long should we de-encourage folks from finding a job?
3. Lets just give all senior citizens a check for $250. Talk about a vote buying scam!

How is that real estate giveaway working out with $6500 for down? Just like the cash for clunkers program.?

According to the Treasury dept:
1. 15% have defaulted already
2. 20% more are already delinquent.

Do we just keep throwing future generations' money down the hole? I repeat again, we can't afford it. Rich

Loading replies...