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Getbig Main Boards => Politics and Political Issues Board => Topic started by: James on February 23, 2009, 04:45:56 PM

Title: Obama’s Homeless Woman Is Actually Real Estate Investor
Post by: James on February 23, 2009, 04:45:56 PM
Obama’s Homeless Woman Is Actually Real Estate Investor

We all know them. People that abuse the system. People that work a few months of the year, just long enough to qualify for unemployment, and then jump on the unemployment bandwagon. Those that get food stamps to support their families despite being able bodied, often educated and capable of work. And, of course, the people that work “under the table” while receiving government aid intended for the truly needy.

One such image sticks in our minds from a visit last year to a local softball game. Across the street was a truck distributing food for the needy. A brand new Mercedes pulled up and out popped a couple that walked over and jumped in line. How someone driving a $60,000.00 car qualifies for free food is beyond our imagination, but somehow these people find any way they can to abuse the system.

During Obama’s campaign to promote his stimulus package, he staged an event with a woman, Henrietta Hughes, who, as it turns out, appears to be anything but truly needy. Henrietta was given an audience with Obama to beg for a home. When aid was provided via the offer of free rent by an opportunistic politician, the liberal press spouted that Henrietta was actually given a free home and implied it came from Obama. The lie has propagated through the liberal media and, quite honestly, it nauseated us because it was so obviously staged and such a distorted lie. Well, as it turns out, the lie didn’t end there.

As is often the case with such lies, more information seems to shortly rise up from the darkness to expose the truth.  This situation is no different and new information about Henrietta has come to light. It appears that the desperate homeless woman owns real estate she shifted into the name of her son to avoid taxes and acquire government aid. Apparently, Henrietta is the teacher and Tom Daschle is just a student. Henrietta also apparently sold real estate at a significant profit in 2005. Henrietta has now become the poster child the Democrats wish to use to justify the massive expense of helping the chronically unemployed, not-so-needy and not-at-all-homeless

In the spending package forced through by Democrats and signed into law by Obama, there are extensions of unemployment benefits. We believe that the government is better off extending unemployment only for those that are recently unemployed, not those unemployed annually for years, or decades.  We also believe that if the government cannot properly verify actual need, they should stop programs intended for the needy until they can. That would save funds which can be used for programs that actually help America as a whole, not just the unscrupulous. We also believe that if Obama himself cannot discern between this woman and a real homeless person, he shouldn’t be expecting government will actually give our tax dollars to the truly needy when the not-so-needy will grab it first.  So much for the myth of Robin Hood.

http://theliepolitic.com/2009/02/obamas-homeless-woman-is-actually-real-estate-investor/
Title: Re: Obama’s Homeless Woman Is Actually Real Estate Investor
Post by: JOCKTHEGLIDE on February 23, 2009, 06:46:30 PM
snopes is investigating this now,,,, ::)
Title: Re: Obama’s Homeless Woman Is Actually Real Estate Investor
Post by: War-Horse on February 23, 2009, 07:20:15 PM
You just stole 2 minutes of my life, a-hole.   >:(
Title: Re: Obama’s Homeless Woman Is Actually Real Estate Investor
Post by: darksol on February 23, 2009, 07:29:40 PM
If she found a legal way to manage her assets to avoid paying taxes I don't have any problem with that.  What she is doing is the same thing millions of americans are doing.  Its just a matter of having an accountant that can shed light on all the loop holes out there.  Democrats think they are giving money to the poor, but they are really just creating opportunities for abuse.
Title: Re: Obama’s Homeless Woman Is Actually Real Estate Investor
Post by: Cap on February 23, 2009, 07:35:23 PM
Good to know there is another person wasting our tax dollars unnecessarily.
Title: Re: Obama’s Homeless Woman Is Actually Real Estate Investor
Post by: War-Horse on February 23, 2009, 07:40:14 PM
Good to know there is another person wasting our tax dollars unnecessarily.





Its the american way.    Were taught to find loopholes and hide.    Thats why a flat tax would be a better way to fix the tax revenue system.   If you made x amount you pay x amount.   Very simple.
Title: Re: Obama’s Homeless Woman Is Actually Real Estate Investor
Post by: Cap on February 23, 2009, 07:44:41 PM
I think if you make under a certain wage and still need aid, then you could get aid but the condition is you have to work.  People work and get experience but they also also get a bit of help to get over that hump.  You must work to get aid.  Everyone wins because people eventually get off aid, have job skills, and the government pays much less money out in aid.
Title: Re: Obama’s Homeless Woman Is Actually Real Estate Investor
Post by: headhuntersix on February 23, 2009, 09:31:59 PM
I thinkl the point is barry is full of shit and....what, nobody has a problem with a made up homeless person, manufactured by the leftwing douchebags from the Obama camp?
Title: Re: Obama’s Homeless Woman Is Actually Real Estate Investor
Post by: Straw Man on February 23, 2009, 09:40:38 PM
how does she belong to Obama?
Title: Re: Obama’s Homeless Woman Is Actually Real Estate Investor
Post by: War-Horse on February 23, 2009, 09:51:29 PM
I thinkl the point is barry is full of shit and....what, nobody has a problem with a made up homeless person, manufactured by the leftwing douchebags from the Obama camp?




Im sure theres a helluva lot more to the story than this.    Sounds like a right wing spin move to me.    (Meaning its heavily edited)
Title: Re: Obama’s Homeless Woman Is Actually Real Estate Investor
Post by: 240 is Back on February 23, 2009, 09:55:40 PM
how does she belong to Obama?

lol in that case the crazy "hes an arab!" lady from the mccain rally must be his, also?
Title: Re: Obama’s Homeless Woman Is Actually Real Estate Investor
Post by: Straw Man on February 23, 2009, 09:58:27 PM
lol in that case the crazy "hes an arab!" lady from the mccain rally must be his, also?

and the Spaz who claims to work at McDonalds
Title: Re: Obama’s Homeless Woman Is Actually Real Estate Investor
Post by: tonymctones on February 23, 2009, 09:59:58 PM
and the Spaz who claims to work at McDonalds
i thought that was obamas guy? 240 and him are friends probably co workers.
Title: Re: Obama’s Homeless Woman Is Actually Real Estate Investor
Post by: 24KT on February 23, 2009, 10:36:22 PM
If McCain can have Joe the BS plumber, ...why can't Obama have Henrietta the not so homeless?  ;D
Title: Re: Obama’s Homeless Woman Is Actually Real Estate Investor
Post by: Straw Man on February 23, 2009, 10:55:03 PM
If McCain can have Joe the BS plumber, ...why can't Obama have Henrietta the not so homeless?  ;D

I don't see the correlation

I don't remember Obama using this woman as a political prop like McCain did with Samuel Joseph Wurzelbacher

Title: Re: Obama’s Homeless Woman Is Actually Real Estate Investor
Post by: 24KT on February 23, 2009, 11:16:59 PM
I don't see the correlation

I don't remember Obama using this woman as a political prop like McCain did with Samuel Joseph Wurzelbacher


Me either, ...but I figured it must be soooo frustrating for the Obama haters to always be so out-to-lunch.
...sides, I'm feeling generous tonight so I thought i'd toss them a coookie. :D
Title: Re: Obama’s Homeless Woman Is Actually Real Estate Investor
Post by: JOCKTHEGLIDE on February 24, 2009, 04:44:10 AM
Me either, ...but I figured it must be soooo frustrating for the Obama haters to always be so out-to-lunch.
...sides, I'm feeling generous tonight so I thought i'd toss them a coookie. :D
there is no correlcation either from where obama came from either where burris resides his old buddies  ::)
Title: Re: Obama’s Homeless Woman Is Actually Real Estate Investor
Post by: Soul Crusher on February 24, 2009, 04:53:34 AM
Yeah, we are out to lunch pointing out another one of the liberal lies foisted upon us.

Henriettia is a gambler and wants us to pay for it.  Screw her.  Let her family take care of her, not me.  She did not share her RE gains with me, thus I feel no responsibility to share in her loss.

That is going to be my new theme -

"If you dont want me to share your gains, dont expect me to share your losses"

 
Title: Re: Obama’s Homeless Woman Is Actually Real Estate Investor
Post by: 240 is Back on February 24, 2009, 06:10:24 AM
i thought that was obamas guy? 240 and him are friends probably co workers.

yes, i work at mcdonalds.  they let me post all day.  good work tony, always on top of things.
Title: Re: Obama’s Homeless Woman Is Actually Real Estate Investor
Post by: 24KT on February 24, 2009, 10:10:41 AM
Yeah, we are out to lunch pointing out another one of the liberal lies foisted upon us.

Henriettia is a gambler and wants us to pay for it.  Screw her.  Let her family take care of her, not me.  She did not share her RE gains with me, thus I feel no responsibility to share in her loss.

That is going to be my new theme -

"If you dont want me to share your gains, dont expect me to share your losses"
 

Aren't you the one who bragged about buying that modest little apartment for 45K, that is now worth 4 x's that?

Why do you think it appreciated in value so much? ...that pretty shade of blue you painted the walls?

No, it was Henrietta and people like her, rampantly speculating on RE that allowed for your increase in equity.

You have been the unappreciative beneficiary of Henrietta's activities. Now you need to feed her.  (http://www.jaguarenterprises.net/images/em/harhar.gif)
Title: Re: Obama’s Homeless Woman Is Actually Real Estate Investor
Post by: shootfighter1 on February 24, 2009, 10:15:19 AM
If that story is true, it is a great example of the wrong direct this country is going.

We should not be giving aid to those who don't truely need it.  This is going to be a growing problem as we continue to move towards more nanny state type programs.  This is the stuff that angers good hard working people like this...scam artist like this cheat.
Title: Re: Obama’s Homeless Woman Is Actually Real Estate Investor
Post by: Soul Crusher on February 24, 2009, 10:37:20 AM
Dude, I found a situation where the guy who was selling was desperate and retiring and could not find a buyer who wanted to a few months of elbow grease into fixing the place up. 

I also had many times the purchase the price in the bank in cash, bonds, and mutual funds, and still do!

Now, I have an apartment work about 165- 185, tiny mortgage left, and plenty of cash on the side to find the next deal.

Comparing me to that slob begging Obama for a handout is just wrong.  I have cash flow, assets, two businesses, and very little debt whatsoever in relation to all else.   

 
Title: Re: Obama’s Homeless Woman Is Actually Real Estate Investor
Post by: 24KT on February 24, 2009, 10:38:44 AM
While I don't know Henrietta's position in life, I want to point something out.

Just because someone drives a mercedes or wears designer clothing doesn't mean they are flush with $$$.
It could in fact mean that at one point in their life they were quite flush, ...but as we've seen over the last few years, people's positions change. At any given time, you have people losing tremendous amounts of money because of trends, while others are making tremendous amounts, because of those same trends.

I have volunteered at food banks and have seen people driving up in Mercedes who were in great need.

I remember one night in 1994, sitting around with a couple, who have since become good friends, and we were all laughing as they entertained us with their personal tales of financial hardship that they had endured. They had been quite wealthy, ...then we had the recession in the early 90's, and their cash flow didn't just stop, ....it went backwards. They were living in a luxury condo that had been stripped bare. They had sold everything inside it ...furniture, ...artwork etc., just to keep going, ...but the market was such that they couldn't even sell the condo. They were down to the mattress on the floor. By all outward appearances, ...they were rolling in dough... the truth was otherwise though. They've since gotten it all back, but anyone taking a cursory glimpse at them would have balked at the notion that this couple with their twin Mercedes, custom made clothing, and Polo Club condo (all remnants of their previous life) were hurting in any way.
Title: Re: Obama’s Homeless Woman Is Actually Real Estate Investor
Post by: 24KT on February 24, 2009, 10:43:52 AM
Dude, I found a situation where the guy who was selling was desperate and retiring and could not find a buyer who wanted to a few months of elbow grease into fixing the place up. 

I also had many times the purchase the price in the bank in cash, bonds, and mutual funds, and still do!

Now, I have an apartment work about 165- 185, tiny mortgage left, and plenty of cash on the side to find the next deal.

Comparing me to that slob begging Obama for a handout is just wrong.  I have cash flow, assets, two businesses, and very little debt whatsoever in relation to all else.   


First of all, ...it Dudette!

Did your assets not appreciate in value due to the rampant speculation in the market by Real Estate investors?
Infact, I'd say your purchase of the apartment was a speculatory RE investment in itself, as will your "next deal"

You're just like Henrietta, ...you just had a different outcome... for now.  ;)
Title: Re: Obama’s Homeless Woman Is Actually Real Estate Investor
Post by: shootfighter1 on February 24, 2009, 10:44:21 AM
Yes, I can see where some are in that situation and that sucks...but the more common senario is someone with limited resources buyting materialistic items and over extending themselves with a lack of financial discipline.  Many (of course not all) down and out people have a history of bad decision making.
Title: Re: Obama’s Homeless Woman Is Actually Real Estate Investor
Post by: Hereford on February 24, 2009, 10:46:00 AM
While I don't know Henrietta's position in life, I want to point something out.

Just because someone drive a mercedes or wears designer clothing doesn't mean they are flush with $$$.

I don't agree with very much of what Jag says, but this is spot on.

What people drive around in or the size of their tv means nothing. People out here put BMWs and 60K pickups on credit. I know people who make 500/wk gross who have 52" High Def in their apartment.
Title: Re: Obama’s Homeless Woman Is Actually Real Estate Investor
Post by: Hereford on February 24, 2009, 10:48:48 AM
Yes, I can see where some are in that situation and that sucks...but the more common senario is someone with limited resources buyting materialistic items and over extending themselves with a lack of financial discipline.  Many (of course not all) down and out people have a history of bad decision making.

Another astoundingly correct statement.

A lot of 'poor' people have had numerous opportunities and life subsidies from various sources, but never seem to learn from their continuous mistakes.

And why should you if there is always going to be someone there to bail you out? It's like the obnoxious rich kid who does the same stupid shit over and over again...
Title: Re: Obama’s Homeless Woman Is Actually Real Estate Investor
Post by: Soul Crusher on February 24, 2009, 10:52:40 AM
Did your assets not appreciate in value due to the rampant speculation in the market by Real Estate investors?
Infact, I'd say your purchase of the apartment was a speculatory RE investment in itself, as will your "next deal"

You're just like Henrietta, ...you just had a different outcome... for now.  ;)

Of course it was, but it was within my means under any scenario.  Even if my buisness closed i could afford the payments for years with what I have in bank, even now.

Speculation is not a bad thing so long as you are prepared to take the loss.  
Title: Re: Obama’s Homeless Woman Is Actually Real Estate Investor
Post by: 24KT on February 24, 2009, 11:09:11 AM
Of course it was, but it was within my means under any scenario.  Even if my buisness closed i could afford the payments for years with what I have in bank, even now.

Speculation is not a bad thing so long as you are prepared to take the loss.  

What happens if your bank fails and you lose all your money?
Title: Re: Obama’s Homeless Woman Is Actually Real Estate Investor
Post by: Soul Crusher on February 24, 2009, 11:10:55 AM
What happens if your bank fails and you lose all your money?

Then, I am glad I got the guns, ammo, prep, and everything else  cause all hell will break loose.
Title: Re: Obama’s Homeless Woman Is Actually Real Estate Investor
Post by: 24KT on February 24, 2009, 11:28:15 AM
Then, I am glad I got the guns, ammo, prep, and everything else  cause all hell will break loose.

{LOL}
Title: Re: Obama’s Homeless Woman Is Actually Real Estate Investor
Post by: Soul Crusher on February 24, 2009, 11:52:08 AM
{LOL}

No 1.  I dont keep everything at one bank just in case   

Serious, if all the banks fail and everything gets wiped out, money will be worthless anyway and that will be the least of my problems.
Title: Re: Obama’s Homeless Woman Is Actually Real Estate Investor
Post by: Hereford on February 24, 2009, 11:53:33 AM
No 1.  I dont keep everything at one bank just in case   

Serious, if all the banks fail and everything gets wiped out, money will be worthless anyway and that will be the least of my problems.

Ya, food and guns will be the new currency.
Title: Re: Obama’s Homeless Woman Is Actually Real Estate Investor
Post by: Soul Crusher on February 24, 2009, 12:02:38 PM
Ya, food and guns will be the new currency.

I am overweighted in no. 2 right now.
Title: Re: Obama’s Homeless Woman Is Actually Real Estate Investor
Post by: shootfighter1 on February 24, 2009, 12:07:05 PM
Good thinking.  If you have more than 100K you should have separate accounts at different banks.
If the banks really fail, the whole country goes down.  Not in a recession like this, more like the 30s or worse.
Title: Re: Obama’s Homeless Woman Is Actually Real Estate Investor
Post by: Hereford on February 24, 2009, 12:10:56 PM
I am overweighted in no. 2 right now.

I'll trade you for a tenderloin and three goats.
Title: Re: Obama’s Homeless Woman Is Actually Real Estate Investor
Post by: Soul Crusher on February 24, 2009, 12:45:00 PM
I'll trade you for a tenderloin and three goats.

Ha ha.  You want rifle, shotgun, or a handgun?
Title: Re: Obama’s Homeless Woman Is Actually Real Estate Investor
Post by: Hereford on February 24, 2009, 12:54:03 PM
I'll take a Griffin if you have one of those.

I'll need that to kill the aliens at DIA, Duke Nukem style...
Title: Re: Obama’s Homeless Woman Is Actually Real Estate Investor
Post by: Soul Crusher on February 24, 2009, 12:55:05 PM
I'll take a Griffin if you have one of those.

I'll need that to kill the aliens at DIA, Duke Nukem style...

Like Phil Gramm said when asked how many guns does he have:

"More than I need, less than I want"
Title: Re: Obama’s Homeless Woman Is Actually Real Estate Investor
Post by: George Whorewell on February 24, 2009, 12:58:22 PM
lol- this remind me of Congressman Anthony Weiner in NY- Who posed with a woman in a nonsensical attempt to deomnstrate how Bloombergs welfare/ foodstamp policy is hurting new yorkers. He characterized her as a sympathetic figure. Then he found out she did 4 years in prison for killing two priests in a car accident while she was high on angel dust.  I am not exagerating btw.  
Title: Re: Obama’s Homeless Woman Is Actually Real Estate Investor
Post by: Soul Crusher on February 24, 2009, 01:01:48 PM
lol- this remind me of Congressman Anthony Weiner in NY- Who posed with a woman in a nonsensical attempt to deomnstrate how Bloombergs welfare/ foodstamp policy is hurting new yorkers. He characterized her as a sympathetic figure. Then he found out she did 4 years in prison for killing two priests in a car accident while she was high on angel dust.  I am not exagerating btw.  

That is because LIBERALISM IS A MENTAL DISORDER. 

Title: Re: Obama’s Homeless Woman Is Actually Real Estate Investor
Post by: George Whorewell on February 24, 2009, 01:04:50 PM
And with regard to what Jaguar said, you are epitomizing a stereo type associated with black people in this country-- being hood rich. Although I will say, people of every ethnicity are guilty of this stupidity.

You've got great clothes, a nice watch, good car, jewlwery, a sidekick, a blackberry- You get haircuts every week and constantly go clubbing, you go on vacations etc.- But your unemployed and live in the projects, or your 30 and still live with your parents.

You might not be flushed with money, but your priorities with money are definetly out of whack- If you have money for all those things and cant afford to pay your mortgage, you dont deserve the tax payers help IMO.
Title: Re: Obama’s Homeless Woman Is Actually Real Estate Investor
Post by: SAMSON123 on February 24, 2009, 02:13:45 PM
Obama’s Homeless Woman Is Actually Real Estate Investor

We all know them. People that abuse the system. People that work a few months of the year, just long enough to qualify for unemployment, and then jump on the unemployment bandwagon. Those that get food stamps to support their families despite being able bodied, often educated and capable of work. And, of course, the people that work “under the table” while receiving government aid intended for the truly needy.
We all certainly know the idiots that post on this board. First off unemployment is based upon your salary and time with a company. One can not work a few months and then QUIT and go on unemployment. A employee would have to be terminated with good reason to collect unemployment and since it is salary and time based a person given your method would be luck if they collected a hundred dollars per week before the taxes were taken out....hardly money to live off of.Now I will tell you what I do know and that is for many decades there has been CORPORATE WELFARE in america that has given away hundreds of BILLIONS of dollars every year to companies like General Electric, Westinghouse, Dupont, general Motors, Ford, Chrysler, etc etc etc. These companies had no need or reason to receive such WELFARE yet they unashamedly did so and not a single american spoke up about it. It has always struck me as weird that such corporate greed goes unspoken yet if a poor individual DARES ask for bread they are CRUCIFIED by the masses...explain the logic???

One such image sticks in our minds from a visit last year to a local softball game. Across the street was a truck distributing food for the needy. A brand new Mercedes pulled up and out popped a couple that walked over and jumped in line. How someone driving a $60,000.00 car qualifies for free food is beyond our imagination, but somehow these people find any way they can to abuse the system.
In america corporate jets showed up carrying the auto industry CEOs to Washington to receive BAILOUT MONEY...WELFARE...and they again where unashamedly arrogant in not only coming in jets, but defended their means of transport when they were questioned about it......Maybe you should direct you anger in that direction

During Obama’s campaign to promote his stimulus package, he staged an event with a woman, Henrietta Hughes, who, as it turns out, appears to be anything but truly needy. Henrietta was given an audience with Obama to beg for a home. When aid was provided via the offer of free rent by an opportunistic politician, the liberal press spouted that Henrietta was actually given a free home and implied it came from Obama. The lie has propagated through the liberal media and, quite honestly, it nauseated us because it was so obviously staged and such a distorted lie. Well, as it turns out, the lie didn’t end there.
I saw this on CSPAN and Henrietta did NOT beg for a home but expressed that she was homeless. President Obama said someone from my staff will be in contact with you to help you if possible. Another agency said it had a house to give to the woman....At NO TIME DID OBAMA GIVE THE WOMAN A HOUSE OR SAY TO HIS STAFF TO GIVE HER A HOUSE

As is often the case with such lies, more information seems to shortly rise up from the darkness to expose the truth.  This situation is no different and new information about Henrietta has come to light. It appears that the desperate homeless woman owns real estate she shifted into the name of her son to avoid taxes and acquire government aid. Apparently, Henrietta is the teacher and Tom Daschle is just a student. Henrietta also apparently sold real estate at a significant profit in 2005. Henrietta has now become the poster child the Democrats wish to use to justify the massive expense of helping the chronically unemployed, not-so-needy and not-at-all-homeless.
In america well off whites have been for years "HIDING THEIR MONEY" away from the government so they can get Medicaid, welfare, Medicare etc etc...Off shore accounts, Swiss accounts and accounts in banks in israel are all too well known for hiding money to evade taxes...is this any better or worst that what you say this woman did???

In the spending package forced through by Democrats and signed into law by Obama, there are extensions of unemployment benefits. We believe that the government is better off extending unemployment only for those that are recently unemployed, not those unemployed annually for years, or decades.  We also believe that if the government cannot properly verify actual need, they should stop programs intended for the needy until they can. That would save funds which can be used for programs that actually help America as a whole, not just the unscrupulous. We also believe that if Obama himself cannot discern between this woman and a real homeless person, he shouldn’t be expecting government will actually give our tax dollars to the truly needy when the not-so-needy will grab it first.  So much for the myth of Robin Hood.
Unemployment does not run annually or for decades..it is 26 weeks and only because of the horrendous unemployment in america (well over 20 percent) did the american government have to extend unemployment to try and keep a lid on violent protest, riots, crime and chaos...I am always surprised by the number of people who live in america that have no idea what america is really about or what is really going on and why in ameriac.

http://theliepolitic.com/2009/02/obamas-homeless-woman-is-actually-real-estate-investor/
Title: Re: Obama’s Homeless Woman Is Actually Real Estate Investor
Post by: 24KT on February 24, 2009, 02:43:01 PM
And with regard to what Jaguar said, you are epitomizing a stereo type associated with black people in this country-- being hood rich. Although I will say, people of every ethnicity are guilty of this stupidity.

You've got great clothes, a nice watch, good car, jewlwery, a sidekick, a blackberry- You get haircuts every week and constantly go clubbing, you go on vacations etc.- But your unemployed and live in the projects, or your 30 and still live with your parents.

You might not be flushed with money, but your priorities with money are definetly out of whack- If you have money for all those things and cant afford to pay your mortgage, you dont deserve the tax payers help IMO.

Who is perpetuating a sterotype?
Title: Re: Obama’s Homeless Woman Is Actually Real Estate Investor
Post by: Dos Equis on February 24, 2009, 03:07:03 PM
No 1.  I dont keep everything at one bank just in case   

Serious, if all the banks fail and everything gets wiped out, money will be worthless anyway and that will be the least of my problems.

You should look into Treasury Direct. 

Re the story:  outrageous if true. 
Title: Re: Obama’s Homeless Woman Is Actually Real Estate Investor
Post by: George Whorewell on February 25, 2009, 05:32:41 AM
ME SAMSON KNOW ECONOMIC HESTORY WHITEY BAD MAN ARRGGGHHHGHHHHH!!!!!!


Jaguar, I was referring to this statement- Just because someone drive a mercedes or wears designer clothing doesn't mean they are flush with $$$.
Title: Re: Obama’s Homeless Woman Is Actually Real Estate Investor
Post by: Soul Crusher on February 25, 2009, 05:40:55 AM
ME SAMSON KNOW ECONOMIC HESTORY WHITEY BAD MAN ARRGGGHHHGHHHHH!!!!!!


Jaguar, I was referring to this statement- Just because someone drive a mercedes or wears designer clothing doesn't mean they are flush with $$$.

There is a racist phrase I will not use for that, but it goes for everybody.

Where I live, both Scarsdale and Bronxville are about five minutes away.  The "wealthy" live there.

I have heard stories about a lot of these wall streeters who have recently lost their jobs, yet have no savings. 

They wasted everything on vacations, fancy clothes, etc.

Unreal. 

 
Title: Re: Obama’s Homeless Woman Is Actually Real Estate Investor
Post by: 24KT on February 25, 2009, 07:35:22 AM

Jaguar, I was referring to this statement- Just because someone drive a mercedes or wears designer clothing doesn't mean they are flush with $$$.


I see. Just so you are aware, the couple I referred to was not perpetuating a stereotype of any kind.

They literally lost everything. Their income went from between $50 - $75K per month, ...with some months even as high as $100K, down to a $6K per month expense account, that they had to spend in order to collect. They were able to keep their mercedes' because those were leased, qualified as a business expense, and were covered by the expense account, ...or they would have been walking the heels off of their designer shoes. Their cars were covered, ...but nothing else was. And they couldn't unload their properties. Other than the solid gold, ruby, and diamond encrusted limited edition Rolex he had bought her, they weren't very flashy at all. They pawned the rolex, ...and thank heavens were eventually able to get it back again. That was one nice watch!  :)

In other cases as well, it's not a case of perpetuating a sterotype.
If one's fortunes change abruptly, is one expected to sell their clothing... what will they wear?
Title: Re: Obama’s Homeless Woman Is Actually Real Estate Investor
Post by: George Whorewell on February 25, 2009, 03:45:34 PM
Well Jag- thats why you declare bankruptcy and keep your stuff under chapter 13 or liquidate your assets under chapter 7.

I can sympathize with ppl who fall on hard times, but luck is as much a part of success in life as anything- which is why its unwise to blow too much $ on luxury stuff. You never know what tommorow brings- 
Title: Re: Obama’s Homeless Woman Is Actually Real Estate Investor
Post by: 24KT on February 25, 2009, 05:10:13 PM
Well Jag- thats why you declare bankruptcy and keep your stuff under chapter 13 or liquidate your assets under chapter 7.

Chapter 13 and chapter 7 are US laws. US laws don't really apply in Canada.
In Canada, you have to sell ALL your shit before you can declare bankruptcy.

Quote
I can sympathize with ppl who fall on hard times, but luck is as much a part of success in life as anything- which is why its unwise to blow too much $ on luxury stuff. You never know what tommorow brings- 

It was the luxury stuff that saved their bacon. They were able to sell their artwork, for cash, and pawn that rolex.  ;D