Tag Archives: housing

  let's make lots of money

Did Tampa Port Chief And Slumlord Get Public Funds For His Filthy Hovels? Would You Believe ‘Yes’?

You may recall the saga of William “Hoe” Brown, the chair of the Tampa Port Authority and big-dollar GOP fundraiser who also ran a filthy mobile-home slum on a commercial property that wasn’t zoned for rentals — at least until the Tampa Bay Times detailed the “unlivable conditions” in the trailers, which were filthy and infested with roaches. Well! Time for a couple of updates! The good news is that after the scandal broke in July, Brown shut down his slum and was shamed into resigning his unpaid but influential positions on the Port Authority and several other civic boards. The bad news is that bad news continues to trickle out — like sewage from a leaky septic system — about just how scummy this guy’s business practices were, including another Times story on Saturday, revealing that Brown collected some $600,000 in rent since 1998 from a Hillsborough County agency that provided temporary housing for homeless people. But there’s even some good-ish news there — we won’t go so far as to call it Nice Time — in that the agency will now reform its procedures to make sure it’s not sending poor people to live in filthy hovels, so one cheer for that at least. Read more on Did Tampa Port Chief And Slumlord Get Public Funds For His Filthy Hovels? Would You Believe ‘Yes’?…
  a chicken in every pot to piss in

Washington D.C. Poors Who Somehow Managed To Purchase Homes Still Getting Royally Boned

Imagine you’ve been asked to come up with a process to collect unpaid property taxes, and because you’re a terrible person you’ve decided that your process will be as painful as possible for the property owners while remaining at least tenuously legal. Do you think you could do better than Washington, D.C., where private investors who buy liens are permitted to inflate the amount property owners owe by tacking on thousands of dollars in legal fees and interest, then moving to foreclose and take sole possession of the property as soon as the statutory six month payment window is closed? We bet you could not! One retired widower Marine’s $134 property tax delinquency became $4,999 after it was purchased by a private investor and larded up with fees. He lost his home. The whole thing. That was worth $197,000. If you need us, we’ll be at the barricades. Read more on Washington D.C. Poors Who Somehow Managed To Purchase Homes Still Getting Royally Boned…
  ron paul revolution or something

Mitt Romney Isn’t Telling Us Exactly How He Will Ruin The Housing Sector

Good news, everyone! Romney/Ryan have no specific plans to ruin the housing sector at this point, which is probably a good thing, given that Mitt Romney has been pretty clear about his interest in ruining education and Paul Ryan has a very specific plan to ruin Medicare and Medicaid. So let’s just all respectfully disagree with Business Insider, which thinks it’s a Bad Thing that the campaign’s white paper on housing policy is basically just a collection of vague platitudes about “too big to fail” and “common sense reform” and blah blah etc, with one little part about how much EASIER it will be for banks to foreclose on you. Read more on Mitt Romney Isn’t Telling Us Exactly How He Will Ruin The Housing Sector…
  our flourishing economy

America’s Poor Beg Congress: ‘Please Forgive Our Debt, Sirs!’

The “new thing” in America is being desperately poor, until an audience of Tea Party sociopaths maniacally cheers your death outside the razor-wire fence of the hospital. But some of these uppity poors are so desperate that they’ve politely begged the rich monsters of Congress to forgive their many debts. HR 365 was introduced today, because 194,000 sad people signed this petition begging for relief from their mortgages and student loans. All these needy deadbeats are probably going to be gathered in a football stadium and burned alive for the half-time entertainment at the 2012 GOP convention, but for now they have a “voice in the House,” until this is “tabled with extreme prejudice.” Read more on America’s Poor Beg Congress: ‘Please Forgive Our Debt, Sirs!’…
  because goldman sachs needs a hand!

Congress Giving Millions of Foreclosed Homes To Wall Street Slumlords

Great news, everybody: After deliberately failing to help millions of American families stuck in vulture mortgages, the U.S. government is now giving those foreclosed homes to Wall Street for pennies on the dollar so that Wall Street can then rent the now-vacant foreclosures back to the same people pushed out during the Wall Street-caused housing bubble collapse. Wall Street stands to make an immense profit by becoming, overnight, the “largest improved real-estate owners in the world.” Who says capitalism doesn’t work, with a little help from the government by taking away the property of the working class and giving it to billionaires who pay no taxes? Who says that? Read more on Congress Giving Millions of Foreclosed Homes To Wall Street Slumlords…
  gdp: worst statistic ever

YOU ARE ALL RICH SO STOP COMPLAINING: The economy grew at a 3.5% pace last quarter, with cash-for-clunkers helping boost durable good spending 22.3% and a federal tax credit for homebuyers increasing housing spending 23.4%. Now that members of the upper-middle class all have new cars and homes, the dough should be trickling down to the rest of us any day. [NYT] Read more on …
  our nation's most oppressed minority

Rich People Missing Out On Housing Rebound

Sad news! While sales of peasant dwellings have begun to creep upward due to the first-time home buyer tax credit, low mortgage rates, expanded FHA loans, and of course FIRE SALE PRICING on foreclosed homes, homes costing more than $750,000 have been difficult to move in this market. Wealthy home owners (or “the middle class,” as they’re known in pricey markets like New York, DC, and the Bay Area) are finding it difficult to sell their million-dollar shacks. However, at least some of them are able to rent out their sad dwellings for, oh, $7500 a month, so don’t feel too bad about this problem yet. Read more on Rich People Missing Out On Housing Rebound…
  our flourishing economy

Nation Of Shantytown-Dwellers

Well, here is some depressing news! The hot new housing sector in the US isn’t houses at all: it’s shacks. That’s because the kind of people who used to be your next-door neighbor if you lived in a sort of marginal neighborhood in a largeish city are now squatters living under bridges in Fresno. Hell, maybe you’re one of them. Read more on Nation Of Shantytown-Dwellers…
  boogity boogity boo

It’s McCain’s Scary New Rezko Ad, Are You Trembling?

Beware. John McCain’s BRUTAL NO-HOLDS-BARRED RESPONSE AD OF DEATH about TONY REZKO is out, and you better be SCARED. Ha ha just kidding, it sucks. The ad distills Obama’s naive but benign relationship with Rezko into a more familiar, corrupt politician’s narrative: (1) Rezko bought Obama a house, so (2) Obama returned the favor by giving him $14 million in taxpayer money! Since this is a horrible lie, the narrator doesn’t actually say this, just chooses words that sound like he’s saying this. Too bad no one will ever care about this. [YouTube] Read more on It’s McCain’s Scary New Rezko Ad, Are You Trembling?…
  the subprimes

Which Senators Are America’s Hobo Kings?

With all this talk about Chris Dodd and Kent Conrad getting SWEETHEART MORTGAGE DEALS giving them literally fractions of a percentage point off their mortgage interest and fees, it’s instructive to find out how many of America’s senators even have mortgages. A shocking number do not, which means they are either living in cardboard boxes like 99% of their bankrupted constituents, or they paid off their houses in 1957, back when John McCain was running for his first term. Find out what Politico‘s intrepid researchers dug up, after the jump. Read more on Which Senators Are America’s Hobo Kings?…
 

Americans Selling All Their Possessions On Craigslist

That 0.6% bit of economic growth in the first quarter of 2008 was just the pathetic result of $3.50-a-gallon gasoline, but there is one sector of the U.S. economy that’s truly booming: Desperate Americans are selling off their last possessions on Craigslist and other online flea-market sites, just so they can buy a little food and gas. Read more on Americans Selling All Their Possessions On Craigslist…
 

6.5 Million Foreclosures, 18.6 Million Vacant Homes

Here are some cheery housing numbers, as the bankrupt truckers impotently beep their horns at Congress and the food is rationed and “consumer expectations” hit lows not seen since the early 1970s: More than 6 million homes will go into foreclosure before this housing collapse is finished, and the number of houses now sitting empty in America has reached a staggering 18.6 million — including 2.3 million currently on the market. Read more on 6.5 Million Foreclosures, 18.6 Million Vacant Homes…
 

DC Housing Bubble: Finally Interesting!

Congratulations to Dominic Turano, incoming president of the Washington Area Realtors Board: In the category of “things we’ve done recently that make us feel young,” I present to you… dumm daaah daaaah dum… “Joined the mile high club.” Read more on DC Housing Bubble: Finally Interesting!…
 

Could This Be the First Genuine Congressional Craigslist Ad?

Looking for a reasonably-priced bedroom on Capitol Hill? This one doesn’t sound bad: Pretty good price, good location, and the best part is, you’d get to live with Congresswoman Ginny Browne-Waite! Yes, that’s her ad, as an operative found out after expressing interest in the room. Trawling for roommates on craigslist — can there be any lingering doubt that House members are basically college students with slightly better wardrobes? Read more on Could This Be the First Genuine Congressional Craigslist Ad?…
 

Cause You Know, Those Sewage Connections Are Completely the State and Local Governments’ Resonsibility

Remember when President Bush promised to have 200,000 or so evacuated families housed in readymade trailers New Orleans lickety-split, like in mid-October? It seems like, oh, only last Thursday. But as Spencer Hsiu and Ceci Connelly report in today’s WaPo, there’s no project too big for a crony-infested agency like FEMA to mung up royally: Read more on Cause You Know, Those Sewage Connections Are Completely the State and Local Governments’ Resonsibility…