Why should government bail out people in housing crisis?

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  • Lerxst1992
    Lerxst1992 Posts: 8,684
    Lerxst1992 said:
    lol you just agreed America is the land of opportunity in the Maher thread by that silence.

    sad when I agree with a Reason video, but this is actually quite left leaning to them. And makes excellent points. Something sorely needed in places like this.

    we can’t have housing that costs owners $200,000 to repair and then rent it for $1500. Socialists freezing the rent is not only un-American, fails in nationwide politics, but leads to empty buildings and in the 1970s, led to the burning of the south Bronx.

    buy yay for mamdani! He gets it




    This is the housing solution, let’s get a bunch of liberal folks, buy a bunch of apartment buildings with rent regulated units currently in disrepair and not being rented, then repair each for $200,000 then rent the units for $1500. Freeze the rent! 
  • Lerxst1992
    Lerxst1992 Posts: 8,684

    Muslims are blasting Zohran Mamdani’s association with controversial Imam Siraj Wahhaj, warning that legitimizing the former terror suspect could fuel radical extremism.

    “I am particularly concerned to see mosques used as political rallying platforms in the free and democratic United States,” said Dalia Ziada, a Muslim scholar and fellow at the Institute for the Study of Global Antisemitism and Policy.

    “By embracing Wahhaj, Zohran Mamdani is sidelining moderate Muslims and normalizing an extremist ideology that once inspired terror on American soil and still fuels radicalization within segments of the Muslim community today,” she told Fox News.


    …NY Post



    “ Wahhaj has made statements in support of Islamic laws over liberal democracy. He also supports capital punishments such as stoning for adultery and cutting off of hands for thievery. He has said: "Islam is better than democracy. Allah will cause his deen [Islam as a complete way of life], Islam to prevail over every kind of system, and you know what? It will happen."[11]

    He has also said: "If Allah says 100 strikes, 100 strikes it is. If Allah says cut off their hand, you cut off their hand. If Allah says stone them to death, through the Prophet Muhammad, then you stone them to death, because it’s the obedience of Allah and his messenger—nothing personal."


    …Wikipedia 


    Nice politics, NYC.

  • shadowcast
    shadowcast Posts: 2,384
    The banks gave loans "predatory loans" to people that shouldn't have gotten approved for the loan. Or at least that high of a loan.  Then the Everyone's "Savior" Obama bailed out the banks (that knew these were shit loans) instead of the people that got taken advantage of. You know instead of the people that he's supposed to work for. 
  • Lerxst1992
    Lerxst1992 Posts: 8,684
    Interesting comparison of how Austin and SF handles housing. Considering that Austin is something like +40D yet folks there generally approve of how the states handled this. While in SF, it’s a red tape nightmare of govt intervention. There’s a way that’s other than the DSA way.

    https://youtu.be/4LCIrgVn_ZY?si=fqj-rFfj4yj_7lRr
  • static111
    static111 Posts: 5,283
    Lerxst1992 said:
    Interesting comparison of how Austin and SF handles housing. Considering that Austin is something like +40D yet folks there generally approve of how the states handled this. While in SF, it’s a red tape nightmare of govt intervention. There’s a way that’s other than the DSA way.

    https://youtu.be/4LCIrgVn_ZY?si=fqj-rFfj4yj_7lRr
    What this fails to mention is that all of the influx from out of state by people with San Francisco level incomes is that it is making housing and everything else more expensive for long time residents and ATX natives.  Talk to a 20-40 year old Texan of average income about affordability. It’s all relative and doesn’t really prove anything other than that San Francisco is another stratosphere of cost compared to Austin.
    Scio me nihil scire

    There are no kings inside the gates of eden
  • PJ_Soul
    PJ_Soul Vancouver, BC Posts: 51,083
    edited October 2025
    shadowcast said:
    The banks gave loans "predatory loans" to people that shouldn't have gotten approved for the loan. Or at least that high of a loan.  Then the Everyone's "Savior" Obama bailed out the banks (that knew these were shit loans) instead of the people that got taken advantage of. You know instead of the people that he's supposed to work for. 

    George W. Bush bailed out the banks, LOL. I am really looking forward to the day when I see a post from you where you actually know what you're talking about. 
    With all its sham, drudgery, and broken dreams, it is still a beautiful world. Be careful. Strive to be happy. ~ Desiderata
  • Tim Simmons
    Tim Simmons Posts: 10,518
    PJ_Soul said:
    shadowcast said:
    The banks gave loans "predatory loans" to people that shouldn't have gotten approved for the loan. Or at least that high of a loan.  Then the Everyone's "Savior" Obama bailed out the banks (that knew these were shit loans) instead of the people that got taken advantage of. You know instead of the people that he's supposed to work for. 

    George W. Bush bailed out the banks, LOL. I am really looking forward to the day when I see a post from you where you actually know what you're talking about. 
    What’s important to remember is they were in lock step with most of us but as they have grown older and wiser and starting asking more questions they found themselves leaving the left and “everyone’s savior”.
  • Lerxst1992
    Lerxst1992 Posts: 8,684
    Huge Zohran signs on a building that rents apartments for $80,000 a year!


    ” I killed it at capitalism but voted for socialism “

    Voter base in high income Brooklyn…hmmmm.


  • Lerxst1992
    Lerxst1992 Posts: 8,684
    https://youtu.be/W7q4rETeDu4?si=bkQT-9M17QXcVS1-
  • Tim Simmons
    Tim Simmons Posts: 10,518
    How about assholes like that SPEND more money? 
  • Tim Simmons
    Tim Simmons Posts: 10,518
    Also, those people he’s talking down to are the ones stimulating the economy. Not his hording ass. 
  • Tim Simmons
    Tim Simmons Posts: 10,518
    edited December 2025
    .
  • Lerxst1992
    Lerxst1992 Posts: 8,684
    Tim Simmons said:
    How about assholes like that SPEND more money? 

    It’s micro economic knowledge , not macro. He’s providing simple advice for building wealth, almost exactly what I got ridiculed for on here. We even have a very successful banker around who found time to ridicule. 

    I’m just reliving the greatest hits for good memories while I can lol, as there’s no more benefit sadly in the club for me, no more GA, and the new lottery winner take all  rules  make winning seats in nyc laughably low. Very sad about this.  And Mr O’Leary  popped into my you tube feed yesterday. 

    Watch your subscriptions.
    watch how much is spent on food and fashion.
    He goes in to include new car purchases and other items.

    invest as much as you can in things that appreciate, not depreciate.

    maga and the wokes desire to pick winners based on appearance has made the left angry and unintelligent to the core.

    the tools are out there to build wealth, even for those who earn an average salary of $50 to 60k per year. Go ahead, attack Kevin O’Leary.


  • Tim Simmons
    Tim Simmons Posts: 10,518
    edited December 2025
    No one was arguing that that is not sound financial advice. It was that doing that would allow people to afford houses. 
    Post edited by Tim Simmons on
  • Tim Simmons
    Tim Simmons Posts: 10,518
    wait, that dude killed 2 people? 
  • Lerxst1992
    Lerxst1992 Posts: 8,684
    Tim Simmons said:
    No one was arguing that that is not sound financial advice. It was that doing that would allow people to afford houses. 

    Build wealth first. Then housing becomes easier to accomplish.
  • Tim Simmons
    Tim Simmons Posts: 10,518
    edited December 2025
    Oh, build wealth is all they have to do? Easy. 
  • josevolution
    josevolution Posts: 32,473
    Lerxst1992 said:
    Tim Simmons said:
    No one was arguing that that is not sound financial advice. It was that doing that would allow people to afford houses. 

    Build wealth first. Then housing becomes easier to accomplish.
    But isn’t it almost impossible to afford a house for younger couples these days! My house here on Long Island just got appraised at $700K so my question is how much of a down payment would you need to have to get a bank to loan you the rest? And have a manageable mortgage payment 
    jesus greets me looks just like me ....
  • static111
    static111 Posts: 5,283
    josevolution said:
    Lerxst1992 said:
    Tim Simmons said:
    No one was arguing that that is not sound financial advice. It was that doing that would allow people to afford houses. 

    Build wealth first. Then housing becomes easier to accomplish.
    But isn’t it almost impossible to afford a house for younger couples these days! My house here on Long Island just got appraised at $700K so my question is how much of a down payment would you need to have to get a bank to loan you the rest? And have a manageable mortgage payment 
    Yes it is. And I think a lot of people are gonna find they have to significantly drop asking prices or just hold on to overinflated assets until they die. The average age of a first time home buyer is now 40.  I'm 43 my wife is younger than me.  We were poised to be able to afford a house pre covid. Then everything went sky high and hasn't come back down. Most people +-20 years of my age really feel hopeless about ever buying a home, let alone saving enough money to retire.  A lot of people I talk to are actually hoping for a 2008 style or worse crash, so that we can finally afford some assets. And the idea that we should just gamble what little extra money is left after bills with investments in an unstable economy to build wealth is a joke. 
    Scio me nihil scire

    There are no kings inside the gates of eden
  • Tim Simmons
    Tim Simmons Posts: 10,518
    We should be relaxing zoning laws and incentivizing building.  

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