Poolman's Account Talk

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Hokay, if this is so, why is Lorton (yes the old prison town - lots of nice flattened land!) full of new McMansions and not townhouses, and PW full of upscale condos near transit to DC, and large houses out on old farmland, overbuilt and empty? It appears, at least from here that it's "Buy all the house you can't", and "Flip that House" that led to this, and the poor can't afford to do that. It's California and Florida with some of the worst housing crises, and they aren't low income housing states. Ohio and other Midwestern states also in a mess had economic problems outside of housing, so they got a double hit that brought them down?

It's the middle class playing upper class, and lower middle offered middle, and almost middle wanting lower middle, offered a deal that looked like a sure thing that led to this, and builders and landowners building bigger with more amenities, offered with an intrest only loan, isn't it? It's not the poor with no money to spare getting kicked out of their houses, it appears to be people with jobs - but not enough for the house they were sold, or they were laid off or bills got too high, or kicked by a huge increase they ran out of ARM?

If that policy for the poor to get housing was the reason, we'd have barely under 100K townhouses everywhere, I would think and not these big, over accessorised white elephants?
 
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Thanks Nnuut and Show-me..... What do we do now ?
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XL-entLady said:
With "O Fortuna" playing in the background?! Ouch that stings! :laugh:

Lady
Click to expand...
O Fortune, like the moon of ever changing state, you are always waxing or waning; hateful life now is brutal, now pampers our feelings with its game; poverty, power, it melts them like ice.

Fate, savage and empty, you are a turning wheel, your position is uncertain, your favour is idle and always likely to disappear; covered in shadows and veiled you bear upon me too; now my back is naked through the sport of your wickedness.

The chance of prosperity and of virtue is not now mine; whether willing or not, a man is always liable for Fortune's service. At this hour without delay touch the strings! Because through luck she lays low the brave, all join with me in lamentation!
[Translation from Listology.com
http://www.listology.com/content_show.cfm/content_id.10285 ]
 
Silverbird said:
(stanza 2 O Fortuna)

Fate, savage and empty, you are a turning wheel, your position is uncertain, your favour is idle and always likely to disappear; covered in shadows and veiled you bear upon me too; now my back is naked through the sport of your wickedness.
Click to expand...

Grats Poolman, for keeping your shirt while famous Cramer lost his. :laugh:
 
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