« previous   misc   next »

What Housing Crisis? 10 Insanely Overpriced Homes


By mili   Follow   Fri, 6 Apr 2012, 2:42am PDT   1,320 views   8 comments
Watch (0)   Share   Quote   Permalink   Like   Dislike  

Did the 1 percent not get the memo that the housing bust happened?

http://www.thefiscaltimes.com/Articles/2012/03/16/What-Housing-Crisis-10-Insanely-Overpriced-Homes.aspx

Comments 1-8 of 8     Last »

tdeloco   Fri, 6 Apr 2012, 2:52am PDT   Share   Quote   Permalink   Like   Dislike     Comment 1

Since when did the rules apply to the 1 percent??? Laws are re-written in their favor.

FortWayne   Fri, 6 Apr 2012, 3:07am PDT   Share   Quote   Permalink   Like (1)   Dislike     Comment 2

Obama administration is doing all it can to keep the prices up. Don't know if Republicans will pull the plug on this insane socialism, but one can only hope.

edvard2   Fri, 6 Apr 2012, 3:29am PDT   Share   Quote   Permalink   Like   Dislike (1)     Comment 3

Ah yes... if Democrats do anything that is at all out of line with what Republicans think something should be- just call it "socialism" or "Communism" or whatnot. Its an old trick, but Mcarthy perfected it and if its worked for 60 years, then might as well keep on doing it.

Dang it, I just stubbed my toe. Must be socialists out there!

bmwman91   Fri, 6 Apr 2012, 4:18am PDT   Share   Quote   Permalink   Like   Dislike     Comment 4

Guys, we all know that this goes well beyond simple party politics. BOTH parties are heavily backed by the same, large financial interests and will both serve them at the expense of all of us. Yes, Obama is sucking the people dry to serve his masters. McCain would be doing the exact same thing had he been elected. After the election, Obama or Romney will keep it up, no doubt.

What is going on isn't socialism either. Socialism is one type of wealth redistribution, but not all types of wealth redistribution are socialism.

drtor   Fri, 6 Apr 2012, 5:44am PDT   Share   Quote   Permalink   Like   Dislike     Comment 5

bmwman91 says

Guys, we all know that this goes well beyond simple party politics. BOTH parties are heavily backed by the same, large financial interests and will both serve them at the expense of all of us. Yes, Obama is sucking the people dry to serve his masters. McCain would be doing the exact same thing had he been elected. After the election, Obama or Romney will keep it up, no doubt.

I agree completely. What I find so shocking though is that many (most?) people I know say the same thing but then they still go on and vote for Romney or Obama. You know it is OK to vote for a smaller independent candidate.

If they don't win you still played a small role in supporting real change. On the other hand if you voted for Obama or Romney you have to look yourself in the mirror every time they do another transfer to the banksters. How about it?

RentingForHalfTheCost   Fri, 6 Apr 2012, 5:55am PDT   Share   Quote   Permalink   Like (1)   Dislike     Comment 6

Believe me, they heard it. Read the fine print.

"Just two weeks ago, an unfinished, 21,888-square-foot mansion on “Billionaire Row” in San Francisco, Calif., was listed at $38.5 million, making it the most expensive home for sale in the city. It was put on the market by Peter Sperling, the owner of the University of Phoenix, who had originally listed it for $65 million in 2007 but received no offers. (So, in a way, $38.5 million is a bargain!) "

Don't fool yourselves. We are getting hammered up and down the housing price range. I'll report back later here on how much less than 38.5 million this place actually sells. My guess is around 25 million. That is a far cry from the original asking of 65Million. It hurts to lose money, even to people who can afford to lose.

APOCALYPSEFUCKisShostikovitch   Fri, 6 Apr 2012, 5:26pm PDT   Share   Quote   Permalink   Like   Dislike     Comment 7

I'll take the plutocracy hurt quotient seriously when I read about them suiciding by burning themselves alive in overpriced McMansions they can't sell.

Fuck, I'd buy the DVD.

Bigsby   Fri, 6 Apr 2012, 7:53pm PDT   Share   Quote   Permalink   Like   Dislike     Comment 8

RentingForHalfTheCost says

Believe me, they heard it. Read the fine print.

"Just two weeks ago, an unfinished, 21,888-square-foot mansion on “Billionaire Row” in San Francisco, Calif., was listed at $38.5 million, making it the most expensive home for sale in the city. It was put on the market by Peter Sperling, the owner of the University of Phoenix, who had originally listed it for $65 million in 2007 but received no offers. (So, in a way, $38.5 million is a bargain!) "

Don't fool yourselves. We are getting hammered up and down the housing price range. I'll report back later here on how much less than 38.5 million this place actually sells. My guess is around 25 million. That is a far cry from the original asking of 65Million. It hurts to lose money, even to people who can afford to lose.

The issue isn't some exorbitant price he asked for back at the peak, but rather how much he paid for the property.

mili is moderator of this thread.

Email

Username

Watch comments by email

home   top   share   questions or suggestions? write p@patrick.net