On Sun, 7 Jan 2018 09:29:44 +1000 jamesd@echeque.com wrote:
Lots of white people, myself among them, flipped houses.
On 1/7/2018 8:33 AM, juan wrote:
thanks for personally admitting that you are a thieving scammer.
Buying something and selling it is not theft, nor is it a scam if the thing is as it is represented to be.
you are a thieving scammer - people bought and sold because your commie goldman-sachs-government was 'subsidizing' the market. It was 'understood' that 'real state prices never go down' (when your commie government keeps printing money) You can vomit as much 'rationalizations' as you want. But I just happen to know the ABC of money and government-bank communism, so all your highly stupid commie lies have no effect on me. Anyway, the bottom line here is that you are just a dumb racist commie of the right wing variety.
The thieving scammers were those who purchased houses with no intention or ability to repay the mortgage - people who purchased houses with no assets. And you cannot purchase a house with no assets, unless you are a beneficiary of affirmative action.
Thus precisely zero white males or married white women were thieving scammers in housing boom.
The financial crisis was the result of dud mortgages.
The dud mortgages, all of them, were affirmative action mortgages. What drove the housing boom is that *if* *you* *were* *a* *beneficiary* *of* *affirmative* *action* *then* you could buy an expensive house despite being stone broke.
The housing boom was the result of affirmative action mortgages.
White males were involved in this process only as flipping houses with the intent of unloading the houses on affirmative action purchasers.
A white male would buy a house with the intention and capability of paying the mortgage if things went bad, but with the expectation that he could unload on an affirmative action borrower before things went bad.
And for the most part, that is exactly what we did.
And the reason we chose to do this is that we know that white males are forced to honor contracts, while affirmative action beneficiaries can walk away with no problems.
So we, unlike the end purchasers, told the truth and honored all agreements.
The housing boom was the result of affirmative action loans. The financial crisis was the result dud mortgages. The dud mortgages, all of them, were affirmative action loans.