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Q: Can you make it work the second time around?

https://www.cnbc.com/2018/10/12/thousands-line-up-for-zero-down-payment-subprime-mortgages.html

 

 

Let's cap the interest rate at 4.5, non adjusting, let's make the borrower go through some financial planning class, let's keep the big banks and agents out of the program, and maybe it will work the second time around.

 

Oh, just in case it might fail only do this in red states with booming economies like Atlanta and Charlotte so we can resell the house with out a loss.

 

Actually this might work.

3 years 37 weeks ago in  Housing - China

 
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Posts: 863

Shifu

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Atlanta is most definitely not a red city. It is ranked the 11th most liberal city in the us https://www.atlantamagazine.com/news-culture-articles/infographic-of-the-day-how-liberal-is-atlanta/

 

as you can see on this list too, Charlotte leans liberal. 

 

 

ambivalentmace:

yes both cities are liberal but the power structure of the both states is conservative, so the city is controlled. The rich white folks on the north side of town live in safe neighborhoods and the black politicians leave them alone and tax them at 3 times the property tax rates of the poor blacks on the south side of the town. I grew up in south side of Atlanta because my alcoholic stepfather was a dead beat that could not keep a job and get me out the ghetto and worked for rich white folks on the north side of the town. The suburbs are all conservative and the inner city is just a black plantation of welfare recipients mixed in with gentrication homosexuals who live behind high walls in the city to protect themselves. Lived there all my life off and on until 2008. not much has changed except white gentrification is driving down the minorities in the city and pushing them to the suburbs and immigrant gangs are fighting with them every day. I loved Atlanta but it's a hopeless cause to go back now. The official city is always thought of as 2 counties but the metropolitan area changes the liberal leanings when you expand to 5 to 8 counties. I think when I left Georgia they were only 2 democrat congressmen and the rest were republicans, about a dozen, probably has not changed much. It's ironic 15 years ago everybody said Charlotte would pass Atlanta in power and economically in 20 years after bank of america moved brokerages from New York to Charlotte, but somebody got that wrong. Oddly Charlotte has a split North South racial paradigm just like Atlanta, must be something in the water.

3 years 37 weeks ago
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dokken:

Doesn’t really make a lot of sense. As you know college educated people will earn more.  

Democrats have an advantage in this regard. https://www.washingtontimes.com/news/2018/mar/22/democrats-more-educated-republicans-pew-research-c/

 

the more educated, the bigger the percentage go for the democrats. You think high earning,  analytical professionals look at trump and feel a kinship?

3 years 37 weeks ago
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ambivalentmace:

http://www.pewresearch.org/fact-tank/2016/11/09/behind-trumps-victory-divisions-by-race-gender-education/

 

Numbers are a tricky thing,

 

Trump won more college educated voters than clinton in counties that were majority white college educated voters with higher incomes, but if the county was highly educated with out a white majority, Clinton won them.

 

The college education is not as important as the race, not my view, just the results on paper.

3 years 37 weeks ago
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3 years 37 weeks ago
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ambivalentmace:

This is the breakdown by counties from Nate Silver, a not so great pollster anymore, it shows the problem. This problem will only get worse and non college educated votersincrease with high tuition fees, no marketable degrees, gender studies, and men going MGTOW. The student debt will kill universities eventually and explode the problem. If the problem is not solved, college degree holders could become a smaller minority voting class than Asians in America within a generation.

3 years 37 weeks ago
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3 years 37 weeks ago
 
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Question about American politics. ...which party do Trade Unions tend to support Dem or Republican?

ambivalentmace:

Traditionally democrats supported unions but free trade and hussein taking away their "cadillac plans" for medical insurance has swung the working employees toward the republicans for trade workers but the leadership that handles the money still whore aroung with democrats. The federal workers unions all lean democrat, the poor janitor and hotel unions when they survive usually lean democrat. If the union job has middle class wages and not government paid, it usually leans republican in the rank and file members..

3 years 37 weeks ago
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philbravery:

Thought that was the case ...thanks for the insight

3 years 37 weeks ago
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ScotsAlan:

Have a look on youkou... the film 'kill the irishman' Sort of covers American unions.

3 years 37 weeks ago
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3 years 37 weeks ago
 
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