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Old 01-24-2014, 05:42 PM
 
5,210 posts, read 2,372,572 times
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Quote:
Originally Posted by middle-aged mom View Post
HUD, FNMA and FHLMC give buyers who intend on owner occupancy priority in bidding on previously foreclosed properties within their portfolios.

Do you really want government to interfere with the free market ?

How can you post this with a straight face?

When the government is for sale, there is no free market.

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Old 01-24-2014, 05:44 PM
 
5,210 posts, read 2,372,572 times
Reputation: 1867
Quote:
Originally Posted by Finn_Jarber View Post
Those evil capitalist wall streeters

Capitalism? Maybe, but Free Market?
Not by a long shot when the Government picks winners and losers.

A more appropriate name would be Government Wall Street
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Old 01-24-2014, 05:48 PM
 
Location: Barrington
42,173 posts, read 31,932,807 times
Reputation: 14144
Quote:
Originally Posted by CDusr View Post
Houses are no longer for living in, they are derivative investments for wall street.
Based on the reaction to plunging prices following the implosion of the housing market, it appeared that many homeowners had viewed their homes as short term investments.
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Old 01-24-2014, 05:58 PM
 
Location: Miami, FL
58,617 posts, read 32,063,428 times
Reputation: 9436
Quote:
Originally Posted by J746NEW View Post
Capitalism? Maybe, but Free Market?
Not by a long shot when the Government picks winners and losers.

A more appropriate name would be Government Wall Street
You can get in the game if you want to. Wall Street is not just a street in NY. No one is forcing you to sit on the sidelines venting your envy?
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Old 01-24-2014, 06:20 PM
 
5,210 posts, read 2,372,572 times
Reputation: 1867
Quote:
Originally Posted by Finn_Jarber View Post
You can get in the game if you want to. Wall Street is not just a street in NY. No one is forcing you to sit on the sidelines venting your envy?
No Thanks.
Some of us have principles we stick by and educate the populace on how the economy really works rather than how we are told it works.

The top .5% did not make their money through honest hard work, but by gaming the system to their advantage via buying of politicians, insider trading, crony capitalism and most importantly a Wall Street friendly Government that we have had for the last 5 presidents at least.


Who Rules America: An Investment Manager's View on the Top 1%

An Investment Manager's View on the Top 1%



Quote:
The Upper Half of the Top 1% Membership in this elite group is likely to come from being involved in some aspect of the financial services or banking industry, real estate development involved with those industries, or government contracting. Some hard working and clever physicians and attorneys can acquire as much as $15M-$20M before retirement but they are rare.



Those in the top 0.5% have incomes over $500k if working and a net worth over $1.8M if retired. The higher we go up into the top 0.5% the more likely it is that their wealth is in some way tied to the investment industry and borrowed money than from personally selling goods or services or labor as do most in the bottom 99.5%.



They are much more likely to have built their net worth from stock options and capital gains in stocks and real estate and private business sales, not from income which is taxed at a much higher rate. These opportunities are largely unavailable to the bottom 99.5%.
Wall Street is supposed to be a tool to fuel the economy, instead it has a been an alter of worship for those seeking money for its own end.
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Old 01-25-2014, 05:05 AM
 
8,487 posts, read 5,705,915 times
Reputation: 1113
Quote:
Originally Posted by middle-aged mom View Post
HUD, FNMA and FHLMC give buyers who intend on owner occupancy priority in bidding on previously foreclosed properties within their portfolios.

Do you really want government to interfere with the free market ?
We do not have a free market. That is the point. Govt and wall street are completely intertwined.
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Old 01-25-2014, 05:23 AM
 
8,487 posts, read 5,705,915 times
Reputation: 1113
Quote:
Originally Posted by middle-aged mom View Post
Based on the reaction to plunging prices following the implosion of the housing market, it appeared that many homeowners had viewed their homes as short term investments.
Yes, people have been conditioned to view their homes as an investment, with globalization and market changes they weren't even staying in them, but so long anyway. This idea was particularly being pushed in the 90s with Clinton admin. They were changing the markets to open up the derivative markets. Modernizing them.

They waived that carrot to everyone to own a home, meanwhile they were off shoring which occurred in large scale once these market changes were in place (2000 on). Also when shadow banking took off. Debt is pushed intentionally.

However, a homeowner thinking of their home as an investment is not the same thing as institutions buying them up in baskets and derivatizing them.

The average Joe, does not appear aware of the govt et al investments in debt, securities and how consolidated such markets are. Most don't even know what a CAFR is, or what their local city or county actually makes on returns.
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Old 01-25-2014, 07:35 AM
 
8,487 posts, read 5,705,915 times
Reputation: 1113
Quote:
Originally Posted by J746NEW View Post
No Thanks.
Some of us have principles we stick by and educate the populace on how the economy really works rather than how we are told it works.

The top .5% did not make their money through honest hard work, but by gaming the system to their advantage via buying of politicians, insider trading, crony capitalism and most importantly a Wall Street friendly Government that we have had for the last 5 presidents at least.


Who Rules America: An Investment Manager's View on the Top 1%

An Investment Manager's View on the Top 1%





Wall Street is supposed to be a tool to fuel the economy, instead it has a been an alter of worship for those seeking money for its own end.
Actually, I think it is even much simplier. Morals etc... aside. We have a system model. Everyone operates under that. This is the environment and the framework for outcomes. Simply put that model is based on a centrally controlled corporate hierarchy. If one wants different outcomes they change the model.

Representative value or "money" has become the means to survival. This has been going on for some time in history and has effects. However, it has now become even more so imbalanced and on a much shorter, larger scale much more quickly with the consolidation on the back end or up the food chain.

Revealed - the capitalist network that runs the world ...
quote:
As the world learned in 2008, such networks are unstable. "If one [company] suffers distress," says Glattfelder, "this propagates."
...
If connectedness clusters, so does wealth, says Dan Braha of NECSI: in similar models, money flows towards the most highly connected members. The Zurich study, says Sugihara, "is strong evidence that simple rules governing TNCs give rise spontaneously to highly connected groups". Or as Braha puts it: "The Occupy Wall Street claim that 1 per cent of people have most of the wealth reflects a logical phase of the self-organising economy."
...
Resisting changes to the network structure may be one such common interest.
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Old 01-25-2014, 08:54 AM
 
29 posts, read 16,945 times
Reputation: 14
Quote:
Originally Posted by KUchief25 View Post
"Blackstone will benefit from climbing rental prices in the US and a decline in home ownership."

Yes one wonders if that was that the plan all along.
Interesting. I just sort of wonder what this will do to residences in some communities as they become more and more packed with renters. Here is one thing I think will happen and that is you will see more new communities with HOA restrictions that ban rentals of units or homes. It is already happening in some places.
Many towns tightening
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Old 01-25-2014, 09:01 AM
 
8,487 posts, read 5,705,915 times
Reputation: 1113
Quote:
Originally Posted by Finn_Jarber View Post
You can get in the game if you want to. Wall Street is not just a street in NY. No one is forcing you to sit on the sidelines venting your envy?
I have seen nothing supporting your assessment of venting or envy, or for that matter sidelining. From what I have observed you are in the game unless you have departed. You may change levels, but you don't leave. Currently, we are seeing the middle class resort down into the lower levels. Force could be a whole other topic in itself, in regard to govt, however.

All of that aside, your basic premise has been in practice for quite awhile now, but humans alone seem unique in the complexity they have created to have shelter, food and some quality of life. Even other primates haven't tested such structures on such a large scale.

The Influence of Social Hierarchy on Primate Health (pdf)
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