tag:blogger.com,1999:blog-3862216000300765627.post2526602087894745330..comments2024-01-16T03:42:46.705-05:00Comments on The Downward Spiral: Give Me Your Wealthy, Your Well-Heeled, Your Select Few, Yearning to Buy Our HousesBill Hickshttp://www.blogger.com/profile/17551954408189665078noreply@blogger.comBlogger5125tag:blogger.com,1999:blog-3862216000300765627.post-49395339372837049422011-10-25T14:43:25.431-04:002011-10-25T14:43:25.431-04:00As history shows, having that works oh so well for...As history shows, having that works oh so well for the everyday people of a country. Although a foreign upper class is usually imposed by force/conquest, I don't see much of a difference in the long term -- we're rapidly heading toward a new form of feudalism. As happened last time, that UC is already more loyal to itself, regardless of individual member's passport nationality, than to wherever they live.<br /><br />@ anon -- I'm not a fan of economics; although it has some valid points (including the one you make), most of it is de facto religious gobbledygook twisted to justify BAU. Until it takes into account environmental impact, it will remain a non-science and be out of touch with reality. <br />That said, your point is valid overall; instead of selling to the UC, Americans ought to take such properties by squatter rights and/or towns do so by eminent domain and use them for affordable apartments since the same dirtbags keep foreclosing on our homes.gusnoreply@blogger.comtag:blogger.com,1999:blog-3862216000300765627.post-53016788258798188662011-10-24T22:30:24.074-04:002011-10-24T22:30:24.074-04:00"and the most important thing is they'll ..."and the most important thing is they'll sop up the extra supply of homes we have right now compared to demand"<br /><br />Economics 101, if there is an excess supply relative to demand it means THE PRICE IS TO HIGH to clear the market. But no above all the current housing prices must be maintained (it's an attempt at a bank bailout ultimately, it's not even about the real estate agents or construction workers, it's about the banks), even if the U.S. housing market must be opened up to the whole world and free toasters (um I mean free visas) thrown in.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-3862216000300765627.post-84109188094596166052011-10-24T20:26:28.887-04:002011-10-24T20:26:28.887-04:00My understanding is that the bill grants the right...My understanding is that the bill grants the right to buy property and requires them to live in the property for at least 6 months a year. However, it doesn't let them work here. So, you are dealing with people who are rich enough to buy a half million dollar property and live in it for 6 months a year without having a job (in this country). <br /><br />Presumably, they will be helping our country by buying many rolls of toilet paper and employing those people unfortunate enough to actually be American citizens, but who cannot afford to buy a house because these people are driving up the market ... but that's okay because at least we can get those good landscaping jobs that used to be held by all those people we are currently deporting as fast as we can... and, hell, I guess it doesn't really matter since we couldn't afford a house on a landscaper's salary anyhow. So, WTF, sounds like a plan!<br /><br />Seriously, you can't make this shit up. Another day in a declining empire. And the beat rolls on...Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-3862216000300765627.post-22931362461149423772011-10-24T19:32:09.432-04:002011-10-24T19:32:09.432-04:00@gus - Yep, and given how it all turned out for th...@gus - Yep, and given how it all turned out for the Ottomans in WW I, it sure isn't a good omen.Bill Hickshttps://www.blogger.com/profile/17551954408189665078noreply@blogger.comtag:blogger.com,1999:blog-3862216000300765627.post-57020585663910203862011-10-24T16:20:02.476-04:002011-10-24T16:20:02.476-04:00Hi, Bill,
Appalling, but not at all surprising. N...Hi, Bill,<br /><br />Appalling, but not at all surprising. Nor is it unique historically -- the Ottoman Empire did almost exactly the same thing in the 18th-19th centuries, selling out land, businesses, training for their army, and even their national treasury to European powers. That didn't work out too well for them; they were the "Sick Man of Europe," manipulated by almost everyone, and we're pretty much the "Sick Man of the World" now.gusnoreply@blogger.com