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| Political Threads This section is for Political Threads - Enter at your own risk. If you say you don't want to see what someone posts - don't read it :hihi: |
06-03-2012, 05:56 PM
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#1
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Registered User
Join Date: Nov 2003
Location: RI
Posts: 21,481
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Quote:
Originally Posted by JohnR
She's a hypocrite commie-pinko-slob  from time to time but this doesn't create much issue. Lying to the diversity bullies is one thing, making a profit flipping houses in a down economy is another and isn't really bad. Just working a niche market. |
Most of these sales seemed to occur in the middle 1990's, not exactly a down economy.
I love lines like this...
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Providing her brother with a loan in 1997 to buy 901 NW 22nd St. for $90,000. He sold it some two years later for $106,000 — an 18 percent increase.
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18% WHAT A MARGIN!!! And after expenses did it even turn a profit? That's not flipping...
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Remember, the left had not yet cast into law that everyone should own a home, whether qualified or not, back in the early 90s.
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Nope, they had to wait for Bush 43 and the "ownership society"  
-spence |
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06-03-2012, 06:51 PM
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#2
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lobster = striper bait
Join Date: Jul 2002
Location: Popes Island Performing Arts Center
Posts: 5,871
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lol, capitalism.
Its completely hilarious to see born and bred republicans crying about someone flipping foreclosed homes.
Its like you guys actually care about those who lost their homes now AFTER you pretty much spent time blaming them for being foreclosed on and taking out loans they can't afford. Amazing.
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Ski Quicks Hole
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06-03-2012, 07:22 PM
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#3
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Registered User
Join Date: Nov 2003
Location: RI
Posts: 21,481
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Quote:
Originally Posted by likwid
Its like you guys actually care about those who lost their homes now AFTER you pretty much spent time blaming them for being foreclosed on and taking out loans they can't afford. Amazing.
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Ba ba bingo.
Posted from my iPhone/Mobile device |
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06-03-2012, 07:29 PM
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#4
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Registered User
Join Date: Dec 2002
Posts: 8,718
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Barney Frank robots.
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PRO CHOICE REPUBLICAN
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06-04-2012, 12:15 PM
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#5
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Certifiable Intertidal Anguiologist
Join Date: Feb 2000
Location: Somewhere between OOB & west of Watch Hill
Posts: 35,286
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Quote:
Originally Posted by spence
Most of these sales seemed to occur in the middle 1990's, not exactly a down economy.
-spence
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Not all did - there was ups and downs and the economy wavered.
Yep - its Bush' fault.  |
~Fix the Bait~ ~Pogies Forever~
Striped Bass Fishing - All Stripers
Kobayashi Maru Election - there is no way to win.
Apocalypse is Coming:
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06-04-2012, 01:48 PM
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#6
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Registered User
Join Date: Jul 2008
Posts: 20,441
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Quote:
Originally Posted by spence
Most of these sales seemed to occur in the middle 1990's, not exactly a down economy.
I love lines like this...
18% WHAT A MARGIN!!! And after expenses did it even turn a profit? That's not flipping...
Nope, they had to wait for Bush 43 and the "ownership society"
-spence |
Spence, you're saying that a profit margin of 18% is not high enough to get upset about? OK...so why do liberals incessantly attack health insurance companies, whose industry profit margins average about 5%, which is on the low side for American businesses? |
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06-04-2012, 06:40 PM
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#7
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Registered User
Join Date: Nov 2003
Location: RI
Posts: 21,481
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Quote:
Originally Posted by Jim in CT
Spence, you're saying that a profit margin of 18% is not high enough to get upset about? OK...so why do liberals incessantly attack health insurance companies, whose industry profit margins average about 5%, which is on the low side for American businesses?
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Gross margin not net. Nobody in their right mind would buy a house to flip if all they thought they'd make was 18% before expenses.
-spence |
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06-04-2012, 08:59 PM
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#8
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Hardcore Equipment Tester
Join Date: Mar 2001
Location: Abington, MA
Posts: 6,234
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Quote:
Originally Posted by spence
Gross margin not net. Nobody in their right mind would buy a house to flip if all they thought they'd make was 18% before expenses.
-spence
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your assuming the guy put any money into it, maybe he just sat on it. |
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