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Updated almost 13 years ago, 01/31/2012
- Real Estate Investor
- the villages, FL
- 3,497
- Votes |
- 5,700
- Posts
perfect storm update and concerns
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