Comments on: Builders Giving Up On The Sinking Market
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- For those crying about the reduction of their house''s value, you worshiped at the altar of a false god, the god of capitalism, and now that god has turned on you. Like it or not, you are now reaping the fruit of your own choices.
I can''t really say I feel sorry for you. - Reply to this comment
- Just remember that without capitalism you would have no computer to blog away on - what ever would you do?
Posted by MityWhity
Wrong, the computers system of representing data comes from a 3,500 year old Chinese invention, the abacus. Electricity is a natural phenomenon, as is magnetism. The Internet started as an interconnected communications system between computers called ARPANET, used by the military and by universities, only recently infiltrated by commercialism.
Capitalism did not create the internet or computers, rather the reverse is true, internet and computers helped further the advance of capitalism. - Reply to this comment
- [Grabs another handful of pop corn and waits for the next installment of "American Life"] Snicker.. Honey this is better than the Marx Brothers.
ME? Oh I bought my house in the middle of the boom. For $24,000. I paid cash. It has 13 rooms. It was built in 1813 by real builders with real materials. I don''t plan on upgrading any time soon. In fact I sincerely hope to die here and not is some Nursing Home. I can easily afford this. Because I can live where I want and don''t have to prove a thing to anyone even myself. No matter what intellectualizations you place on it, it involves ego and self confidence. The more you pay in America? The better you are. And the hole still doesn''t go away in the soul does it? - Reply to this comment
- That''s what happens when stupid people pay 600,000 grad for a home that is only worth 250,000 in the rest of the country. Maybe they got an ARM for a loan then the government could bail them out.
For the Marxists freaks on this site that cannot see the beauty of Capitalism find another site to post your tired and dead ideas. Maybe you should move to North Korea I hear Marxism is alive and well there. Send me a post card of how great it is after a month there. - Reply to this comment
- Wecome to the Socialist''s "Capitalism is Evil" Bulletin Board. Please ignore the fact that capitalism rocks you to sleep every night and wakes you up in the morning by providing you with boundless opportunity to shape your life into however you see fit. From every man''s abundance to every man''s need - whatever. Sounds like a bunch of losers who just want a dignified way to define their financial impotence. Just remember that without capitalism you would have no computer to blog away on - what ever would you do?
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- whispyseas said, " ... did ya know if everyone earned minimum wage then every home would cost the same, big or small, and did ya know half the world makes less than minimum wage ... 95% of all wealth belongs to the richest 3% of folk, which just makes the biggest treasurys the littlest and the littlest the unavoidable ..."
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A symphony of non sequiturs, and entirely beside the point of recognizing strengths and weaknesses of capitalism in this country.
Posted by whispyseas - Reply to this comment
- '' ... some get paid to make naked girls disapppear, and some get paid to make them reappear, some build twenty little companys, cause odds say one will hang around awhile, while some build no company at all, as most are too old or too young or too impaired to labor and but hob nob shopgifting grass and dirt for cures for cancer and other margaritas ... ''
'' ... 300 folk in three hundred weekds can forge an easy 90,000 small musuems of medical you are here map song dance skit kit ... ''
'' ... did ya know if everyone earned minimum wage then every home would cost the same, big or small, and did ya know half the world makes less than minimum wage ... 95% of all wealth belongs to the richest 3% of folk, which just makes the biggest treasurys the littlest and the littlest the unavoidable ... '' - Reply to this comment
- I lucked out as well and sold my last house at the peak 2 years ago. I''m been renting a house now that has sat on the market for a year and won''t sell. It''s much nicer and bigger than my old one and my rent is 30% less than my old mortgage payment. I''ll buy again once the market bottoms out.
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- This is the priceless moment when our free-market capitalists go into hiding. Gone is their brass band and confetti parade. Once again, they become believers in Killer Capitalism.
They blame it all (of course) on the feeding frenzy of speculation, of being the last in the herd, and first to be set upon by market mechanics. "Too bad," Bernanke says. "How unfortunate."
But fortune has little to do with it. Capitalism is not a benevolent system in the raw, and everyone knows it is kill-or-be-killed, by design.
While those who still can play the market claim ours is the greatest country and economic system in the world, they cannot account for a huge and widening gulf between a monied minority, and what is left of the American middle class.
Nor can they explain why third-world scenes haunt our major cities, with people eating garbage and sleeping over grates (if they are lucky). Or why Americans spend 2.5 times more than EU citizens for what is called "healthcare"-- yet our infant mortality lags behind Cuba.
Capitalism is not a doctrine delivered on golden tablets from above, but a system whose imperfections require constant effort to overcome. To the True Believers of left and right goes this challenge-- we must renovate the American economic system to benefit all Americans by something far better than promises of "rising tides" and trickledown effects. - Reply to this comment
- The basics:
Your home is only WORTH what someone is willing to pay for it.
You are not entitled to become tremendously wealthy because you own a home.
"My neighbor sold thier house last year and got rich so I should get rich too"-GONG. We are waiting for this mentality to fade into reality, when the housing market WILL correct.
In a perfect world homes would not be something for people to get rich off of, but, a place to simply live. - Reply to this comment
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