posted
i just listened to GOP rep Eric Cantor ask how Obam's plan to "weatherise" homes would stimulate the economy(in a derogatory manner).
if this is a serious question? the GOP is in even more trouble than i thought.
people will hire local contractors to do the work, they'll got to home depot and lowes to buy the materials.
the best part is that the work will pay for itself in the long rung two ways. first it will decrease the fuel consumption saving money, said money will just be spent elsewhere, and it will increase the underlying value of the property.
what is the GOP planning on proposing? the time for just shooting down ideas is over. one good idea must be trumped by another better idea.
-------------------- Don't envy the happiness of those who live in a fool's paradise. Posts: 36378 | From: USA | Registered: Sep 2003
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posted
I didn't see that same one, glass, but I am seeing GOPers pulling childish crap purely for the sake of Party first divisiveness, mostly in Congress, like that second rate joke Texas sent to the Senate.
They are asking for a guaranteed end of the Republican Party.
Something I am pleased to be hearing are voices that have stayed hidden for three decades, not so loud as yet, but there speaking never-the-less, voices of moderate and Nation first Republicans.....voices that make us all proud of our Country.
Posts: 11304 | From: Fort Worth, Texas | Registered: Mar 2005
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posted
It's the same things they did when he said make sure your tires are inflated to cut gas consumption.
These low-cost common sense ideas seem too pedestrian to be taken seriously in the vaunted halls of Washington and the GOP elite are afronted that they have to talk about air pressure and weatherstripping when they would much rather be planning how to sell new leases to their energy sector friends.
Could it be that conservation has finally come to the capitol? Not the big 'C' Al Gore industrial consumerism conservation, but the little 'c' conservation of personal responsibility????
Now that really could change the country.
-------------------- No longer eligible for government service due to lack of tax issues. Posts: 5178 | From: Up North | Registered: Dec 2005
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You mean like being willing to pay enough taxes to keep the Nation from having to hide from bankruptcy instead of using artificially low taxes to transfer the people's money to huge corporations?
Should be a winning idea for all those that have actually looked at the taxing structure and seen that huge corporations don't pay payroll taxes, leaving the majority of taxes being paid by hourly wage earners and those corporations free to hide their funds in offshore non-taxed accounts.
Posts: 11304 | From: Fort Worth, Texas | Registered: Mar 2005
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quote:Originally posted by glassman: i just listened to GOP rep Eric Cantor ask how Obam's plan to "weatherise" homes would stimulate the economy(in a derogatory manner).
if this is a serious question? the GOP is in even more trouble than i thought.
people will hire local contractors to do the work, they'll got to home depot and lowes to buy the materials.
the best part is that the work will pay for itself in the long rung two ways. first it will decrease the fuel consumption saving money, said money will just be spent elsewhere, and it will increase the underlying value of the property.
what is the GOP planning on proposing? the time for just shooting down ideas is over. one good idea must be trumped by another better idea.
But if people go and buy the materials at Home Depot and Lowes, they will just take the profits and hide them in off shore accounts. What a dilema. lol
-------------------- Let's Go METS!!! Posts: 3317 | From: CT | Registered: Dec 2006
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posted
Damn! You're right Lock! Better go to Ace instead. I'd say go to the mom and pop hardware store but I'm guessing you wouldn't be able to find one if you tried anymore.
-------------------- No longer eligible for government service due to lack of tax issues. Posts: 5178 | From: Up North | Registered: Dec 2005
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posted
They can't take that part of the profits offshore that will go to paying and paying for the necessary added employees they will have to hire to meet the needs fostered by the government programs to have every home properly weather stripped.
Posts: 11304 | From: Fort Worth, Texas | Registered: Mar 2005
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quote:Originally posted by bdgee: They can't take that part of the profits offshore that will go to paying and paying for the necessary added employees they will have to hire to meet the needs fostered by the government programs to have every home properly weather stripped.
Are those 8.00 hr jobs the ones we need to create? Those were scoffed at under Bush if I remember correctly.
-------------------- Let's Go METS!!! Posts: 3317 | From: CT | Registered: Dec 2006
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posted
I'm with you Glass! We need that weatherization program. Obama certainly isn't going to weatherize your house, he's going to weatherize my rentals, as they've already been doing. It doesn't do much to stimulate the economy - government employees do the work and I'd bet that the insulation and materials are bought on a government contract. However, it does certainly add value to my rentals and I think we need a bailout for landlords - don't you? LOL!
Posts: 1577 | From: Ohio | Registered: Oct 2007
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quote:Originally posted by Propertymanager: I'm with you Glass! We need that weatherization program. Obama certainly isn't going to weatherize your house, he's going to weatherize my rentals, as they've already been doing. It doesn't do much to stimulate the economy - government employees do the work and I'd bet that the insulation and materials are bought on a government contract. However, it does certainly add value to my rentals and I think we need a bailout for landlords - don't you? LOL!
Once again you prove you don't know crap.
There were quite successful government sponsored home weatherization programs before either Bush was president and not a one of them used government employees to do the work.
I have known of two construction companies that 90% of their work was on those weatherization programs and helped write the proposal for one that won the contract. (They include minimum pay scales for the workers, by the way.)
Where do you get those idiotic ideas you like to pass around as if they were truth?
I bet you make them up out of the rest of that hateful BS you champion.
Posts: 11304 | From: Fort Worth, Texas | Registered: Mar 2005
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quote:Originally posted by Propertymanager: I'm with you Glass! We need that weatherization program. Obama certainly isn't going to weatherize your house, he's going to weatherize my rentals, as they've already been doing. It doesn't do much to stimulate the economy - government employees do the work and I'd bet that the insulation and materials are bought on a government contract. However, it does certainly add value to my rentals and I think we need a bailout for landlords - don't you? LOL!
the fact that you don't do it yourself says volumes.
the fact is that some scumbag landlords don't do it, so society has to step up and make sure it gets done..
Weatherize One Million Homes Annually. In the struggle with higher energy prices low income families are suffering the most and receiving the least attention. Across the nation, poor families this winter will increasingly face the choice between heating and eating as prices for natural gas, heating oil, propane and electricity skyrocket. To address the immediate challenge this winter, we must fully fund LIHEAP and ensure that everyone who needs it has access to heating assistance. Over the longer‐term, a significant part of the answer for low income families is home weatherization. By upgrading a home’s furnace, sealing leaky ducts, fixing windows, and adding insulation we can cut energy bills by 20 ‐ 40 percent and the substantial savings accrue with summer air conditioning as well as winter heating. And by adding energy efficient appliances and lighting the savings are even greater. While the nation has weatherized about 5.5 million lowincome homes since 1976, more than 28 million remain eligible. Barack Obama and Joe Biden will make a national commitment to weatherize at least one million low‐income homes each year for the next decade, which can reduce energy usage across the economy and help moderate energy prices for all.
i think i'll write up a short proposal recomending that landlords whose properties have been retrofitted on the govt dime get a "special" capital gains rate when they sell...
BTW? we have our t-shirts on and our windows open today, sure is nice to air out the house in January....
-------------------- Don't envy the happiness of those who live in a fool's paradise. Posts: 36378 | From: USA | Registered: Sep 2003
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posted
Gotta agree, glass. I took my work got out of the house for a couple or three hours this afternoon with a sunny 85 degrees and went down to a park on the river and worked on a picnic table.
Posts: 11304 | From: Fort Worth, Texas | Registered: Mar 2005
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quote:the fact that you don't do it yourself says volumes.
the fact is that some scumbag landlords don't do it, so society has to step up and make sure it gets done..
There's not a penny difference in Section 8 payments whether the rental has 3 feet of insulation or none. Furthermore, I don't pay the heat, so there is no money to be made by putting in insulation. Many (or most) of these tenants have at least part of their utilities paid by YOU, the taxpayer! So, our wonderful, socialist government sees fit to insulate my rentals for free (yes, using government employees bdgee). I appreciate your contribution!
quote:i think i'll write up a short proposal recomending that landlords whose properties have been retrofitted on the govt dime get a "special" capital gains rate when they sell...
That would be fine. I would never sell the goose that lays the golden egg.
Posts: 1577 | From: Ohio | Registered: Oct 2007
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quote:the fact that you don't do it yourself says volumes.
the fact is that some scumbag landlords don't do it, so society has to step up and make sure it gets done..
There's not a penny difference in Section 8 payments whether the rental has 3 feet of insulation or none. Furthermore, I don't pay the heat, so there is no money to be made by putting in insulation. Many (or most) of these tenants have at least part of their utilities paid by YOU, the taxpayer! So, our wonderful, socialist government sees fit to insulate my rentals for free (yes, using government employees bdgee). I appreciate your contribution!
quote:i think i'll write up a short proposal recomending that landlords whose properties have been retrofitted on the govt dime get a "special" capital gains rate when they sell...
That would be fine. I would never sell the goose that lays the golden egg.
Those are not government employees. Those workers are employed by contractors.
Posts: 11304 | From: Fort Worth, Texas | Registered: Mar 2005
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posted
I think I am going to be ill. The government should just build the apatments themsleves and kick private owners out of the program. Or the government sould have better standards.
I have not heard such exploitive rubbish the likes of that in a while. And then say so what the tax payer pays for it anyway.Maybe some of the owners should spend a winter in there own slum and see how it fits them.
-------------------- Wise men learn more from fools than fools from the wise. Posts: 3827 | From: beautiful California | Registered: Sep 2008
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Good advice, retiredat49, but this one keeps showing up and making the place stink to high heaven.
Posts: 11304 | From: Fort Worth, Texas | Registered: Mar 2005
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quote:I think I am going to be ill. The government should just build the apatments themsleves and kick private owners out of the program.
The government has done that and failed miserably! There is an entire street of government built houses in my town. The houses that are still standing are all boarded up and awaiting demolition. The government allowed the scumbags, druggies, and riff-raff to literally destroy the property and the government didn't have the money or ability to maintain them. Oh well, it was YOUR money they wasted.
Other good examples of the government's inability to be a landlord are the government's metropolitan housing projects across the country. They are drug infested, roach infested, rat and mouse infested slums that are LITERALLY unsafe for the tenants to live in. I get a steady stream of business from these government projects. The tenants are often desperate to get out of government housing and move into my housing, which is clean, safe, and as close to drug-free as you can get (we aggressively screen potential tenants and evict all druggies immediately). We also have security cameras and constantly monitor what's happening at our buildings (including who's coming and going). Allow a druggie into your apartment and your lease is terminated.
quote:I have not heard such exploitive rubbish the likes of that in a while. And then say so what the tax payer pays for it anyway.
That's funny! You should be THRILLED! This IS the socialist system that you guys want. In my properties that are rented by paying customers, market forces apply. If a property doesn't have enough insulation to make the tenants happy, they move and the property is vacant. In low-income Section 8 properties, if a property doesn't have enough insulation to make the tenants happy, the government insulates it for me FOR FREE (well, not actually for free - YOU ARE PAYING FOR IT!) Thank you!
You guys got what you wanted. Socialism is here! Please don't complain when I or anyone else works within the system that YOU wanted and that YOU are paying for!!!!!!!!!!!! LOLOLOLOLOL!!!!! I do appreciate your contribution under our new socialist system.
You don't really think that I, or anyone else, would pay for insulation when YOU will provide it for free - do you? That's just the beginning. As Obama moves us farther into socialism, I expect to receive a LOT of freebies. How about a free solar heating system for all my low-income buildings?
quote:Those are not government employees. Those workers are employed by contractors.
As usual, you don't know what you're talking about. I asked the manager of the crew that did my last house and he SAID that he was a government employee.
Posts: 1577 | From: Ohio | Registered: Oct 2007
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posted
He really does like to toot his horn, packing his monologue with multiple lies while doing so, doesn't he?
Look back at his description of his facility and his description of his management of it. Does it sound to you, too, like the bragging of a prison warden about how he uses an iron fist to control the population? The place must feel like it. Certainly not a healthy environment, at all!
PM isn't JUST a leach sucking blood from the government blood supply and bragging about it, he is a power mad jerk.
Posts: 11304 | From: Fort Worth, Texas | Registered: Mar 2005
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quote:Look back at his description of his facility and his description of his management of it. Does it sound to you, too, like the bragging of a prison warden about how he uses an iron fist to control the population? The place must feel like it. Certainly not a healthy environment, at all!
Actually, the tenants like to have a clean and safe place to live. However, I'm sure that doesn't sound healthy to you lefties. How could a place be healthy unless we're embracing druggies, deadbeats, and all the other "entitled victims" you lefties love so much?
Posts: 1577 | From: Ohio | Registered: Oct 2007
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I know, bdgee never makes sense! That's the best he can do and why he is the undisputed king of gibberish!
quote:he's also not honest. he trips over his own lies and doesn't even realise it.
You making things up again Glass? Post just ONE instance where I lied about anything.
quote:the creepy part is that he beleives he's taunting us
I'm not taunting you. I'm trying to show you how inefficient and irresponsible our socialistic system is. Government housing is a miserable failure and government assisted housing (like Section 8) is very inefficient because market forces are disregarded and socialist principles are substituted in their place.
I'm also trying to show you that what Mach calls "true socialism" or "true communism" can't survive because it's so inefficient. The practical socialism that we are currently seeing takes from the masses (YOU) and gives it to the few (ME) who find a way to benefit from it. The bottom line is that the taxpayer loses!
Posts: 1577 | From: Ohio | Registered: Oct 2007
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quote:Look back at his description of his facility and his description of his management of it. Does it sound to you, too, like the bragging of a prison warden about how he uses an iron fist to control the population? The place must feel like it. Certainly not a healthy environment, at all!
Actually, the tenants like to have a clean and safe place to live. However, I'm sure that doesn't sound healthy to you lefties. How could a place be healthy unless we're embracing druggies, deadbeats, and all the other "entitled victims" you lefties love so much?
However, I'm sure that doesn't sound healthy to you lefties.
mentally ill. this is called transferance. you beleive that other people think like you do.
-------------------- Don't envy the happiness of those who live in a fool's paradise. Posts: 36378 | From: USA | Registered: Sep 2003
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posted
quote:he's also not honest. he trips over his own lies and doesn't even realise it.
You making things up again Glass? Post just ONE instance where I lied about anything.
you plainly said you don't care about real estate values dropping. that's a lie. you buy 30% equity, that's all gone.
furthermore? your bank cares too.
you have no consistency. relentless was correct in that you have the mental fitness of a pubessant girl.
if in fact you have done what you claim? the bank is sitting there giving yo enough rope to hang yourself financially. idunno why they would do that, but then maybe they don't like you much either.
in any case? your financial/business model is preposterous.
one minute to real estate riches? why not one second? snake oil..
-------------------- Don't envy the happiness of those who live in a fool's paradise. Posts: 36378 | From: USA | Registered: Sep 2003
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posted
He's deluded. Yep, PM, our very own 19th century egotistical fool is delusional.
I guess if you tell a whopper, 'cause you believe it, technically, it ain't lying. Still, technically it is bull sh-t.
Posts: 11304 | From: Fort Worth, Texas | Registered: Mar 2005
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quote:you palinly said you don't care about real estate values dropping. that's a lie. you buy 30% equity, that's all gone.
furthermore? your bank cares too.
Clearly, you understand NOTHING about the rental business. I don't care that real estate values are dropping and it has ABSOLUTELY NO EFFECT on my rental business. I receive the same cash flow regardless of the property value and the rental business is about cash flow.
Furthermore, we did not have a big housing bubble in Ohio like they had on the coasts. Our prices were never dramatically inflated and they have not dramatically deflated, especially in the price range of rental properties. So, your assertion that I've lost 30% of the value of my properties is WRONG!
Part of running a real business and having commercial loans is the requirement to provide financial states to the banks annually. The bank hasn't said a thing aoub property values and they don't care. What they care about is that I sufficient cash flow to pay my bills and their loans.
There is one tremendous benefit to the current bad economy. That benefit is that there are a LOT of opportunites to buy property for pennies on the dollar. In addition, the millions of people losing their houses to foreclosure must live somewhere. They are now renters, which is what they should have been all the while. That is greatly helping my business.
Better stick to blowing glass - you clearly aren't cut out for the rental business.
Posts: 1577 | From: Ohio | Registered: Oct 2007
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posted
Part of running a real business and having commercial loans is the requirement to provide financial states to the banks annually. The bank hasn't said a thing aoub property values and they don't care. What they care about is that I sufficient cash flow to pay my bills and their loans.
once again i say to you that you are either clueless(most likely) or dishonest....
they most certainly do have an interest in the value of your properties.
and i've posted enough info here over the last year for you to understand the how and why of that, if you could comprehend it...
-------------------- Don't envy the happiness of those who live in a fool's paradise. Posts: 36378 | From: USA | Registered: Sep 2003
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posted
your claim to have bought dozens of properties at 30% below market value in a relatively small area in period of three or four years is bogus too.
some of us here have experience and knowledge of real estate, we know a lie when we hear it...
it is actually impossible to do what you claimed.
your activity alone would depress the housing prices. if you actually percieve yourself to have purchased these properties at 30% below value? somebody saw you coming.
The majority of rental properties in the United States are purchased by mom-and-pop type newbies who will rapidly fail. That’s good news because it means that there is a market for your property. Therefore, I would suggest marketing your property to these uninformed newbies.
Look at all the financial aspects of the property (cap rate, IRR, Cash on cash return with a big downpayment, etc.). These silly nonsense numbers can make a loser property look good to a newbie. Look at the posts we see on this forum. How many times have you seen a post like “this property has a cap rate of 8.2, what do you think?” Market to newbies at your local REIA; with a newspaper ad; and on the internet. There are millions of gullible newbies out there and all you need to do is find one.
Good Luck,
Mike
LOL... yeah, that is you .... never worried about selling huh?
they say that kids who torture arthropods are not likely to be sociopathic, but when they move up to mammals? we have a budding problem...
-------------------- Don't envy the happiness of those who live in a fool's paradise. Posts: 36378 | From: USA | Registered: Sep 2003
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