The Value of a House-or-
Bailing Out a Leaky Boat
Bailing Out a Leaky Boat
What is the value of a house?
I am not talking about the advertiser's cozy "home" that so many people are being evicted from because they can't pay their incredible mortgage.
Poor people.
Or ARE they?
Most of these home owners bought their home for a hugely inflated price with the intention of SELLING it to some other fool for a HIGHER price in just a few months!
These things NEVER were "homes"--they were just temporary expensive doodads to live in until their "owners" could unload them for a BIG PROFIT!
Reread the GET RICK QUICK books being cranked out by HOW TO MAKE A FORTUNE IN REAL ESTATE maestros of the real estate bubble era if you can without throwing up.
Abject lessons in GREED they are.
A house is a HOUSE! Not a "home"!
A house is a shelter--hopefully well enough built to keep you dry in a rainstorm and warm when the snow piles up around you.
The McMansions these weeping "homeowners" are being evicted from by the thousand were never meant to be lived in--they were built to be sold for a profit as often and as quickly as possible.
Do we HAVE to feel sorry for these greed-driven nincompoops?
They are only experiencing their karma--as they must in this life. And as all of us will anyway!
Bail 'em out?
Some foolishness cannot be "bailed out" and SOME leaky boats WILL sink.
I am not talking about the advertiser's cozy "home" that so many people are being evicted from because they can't pay their incredible mortgage.
Poor people.
Or ARE they?
Most of these home owners bought their home for a hugely inflated price with the intention of SELLING it to some other fool for a HIGHER price in just a few months!
These things NEVER were "homes"--they were just temporary expensive doodads to live in until their "owners" could unload them for a BIG PROFIT!
Reread the GET RICK QUICK books being cranked out by HOW TO MAKE A FORTUNE IN REAL ESTATE maestros of the real estate bubble era if you can without throwing up.
Abject lessons in GREED they are.
A house is a HOUSE! Not a "home"!
A house is a shelter--hopefully well enough built to keep you dry in a rainstorm and warm when the snow piles up around you.
The McMansions these weeping "homeowners" are being evicted from by the thousand were never meant to be lived in--they were built to be sold for a profit as often and as quickly as possible.
Do we HAVE to feel sorry for these greed-driven nincompoops?
They are only experiencing their karma--as they must in this life. And as all of us will anyway!
Bail 'em out?
Some foolishness cannot be "bailed out" and SOME leaky boats WILL sink.
Tomasito, 2008
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1 comment:
Darn good writing, Tomasito! If I DO say so myself!!
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