tag:blogger.com,1999:blog-9430835.post7631630133054712058..comments2024-03-15T20:52:26.967-07:00Comments on Steve Sailer: iSteve: "Immigrants Can Help Fix the Housing Bubble."Unknownnoreply@blogger.comBlogger48125tag:blogger.com,1999:blog-9430835.post-88756729950557064152009-03-27T01:15:00.000-07:002009-03-27T01:15:00.000-07:00It is so simple for me to SEE INTO THE FUTURE of A...It is so simple for me to SEE INTO THE FUTURE of America.<BR/>The 'Housing Bubble' collapse was caused by all the ITIN's that bought up the entire city I lived in, in Los Angeles County and every single city IN LA and OUTSIDE LA as well.<BR/>When the Construction Boom, Stopped, the Males could not find good paying under-the-table jobs and the Women & Nino's Welfare check-in-the-box money was not sufficient for the expensive LA homes they bought.<BR/>See, they were using Duel Incomes. The Females-Welfare checks & the Males Construction checks.<BR/>Now, here's the Simple Conclusion to the Entire Economic Collapse of the American Monetary system that's coming.<BR/>When the Illegals are legalized by Obamie & Pals, and they will FORCE it on us for sure, regardless of what we try to do to stop it.<BR/>The Newly Legalized Illegals will be able to Apply & Qualify for the ONE Social 'Entitlement' Program they have NOT been able to collect YET. Hard to believe I know, but there's ONE Welfare Program they have NOT been able to Master yet!<BR/>It's SSI-Supplemental Security Income, and in California, SSP-State Supplemental Payments.<BR/>In California, the NON-TAXPAYING Recipient gets $907 and the NON-TAXPAYING Couple Recipients get $1,569.<BR/>Already, this ONE 'Entitlement' Program has caused California to CUT EVERYTHING. Because there's so damn many people ON SSI & SSP in California that it takes ALL the money in the 'General Fund' and then some, every single month.<BR/>And, there's NO WAY the DemoGRANTS in Sacramento will allow this PRECIOUS 'Entitlement' to get any kind of 'CUT'. <BR/>The SSI-comes from the Federal Government 'General Fund' and the SSP-comes from the California 'General Fund'.<BR/>WHEN Obimbim Legalizes the Illegals that "have been here for a long time", AND they are going to be "legally" allowed to BRING IN their 'Household' of people. Probably like, Mamma, Papi, brother, sister, cousins, 8 to 10 nino's....On and On, get the picture, ALOT of Newly Legalized PEOPLE.<BR/>They will do exactly what they did with AFDC-CalWORKS-TANF-EBT Food Stamp Debit Cash Card, HUD-Section 8 and TAKE ALL THEY CAN GET-->GRATIS-FREE..<BR/>So, they will Line Up, as they know How to do at EVERY single Social Security Office in the Nation. Although SSI & SSP is NOT Social Security. They go to any SS Office to Apply FOR SSI checks.<BR/>SSI is a Welfare Disability Program, that's constantly referred to as "social security" but IS NOT.<BR/>Social Security recipients pay taxes, as do Social Security Disability Income recipients pay taxes. These people also pay taxes on their MediCARE.<BR/>However, SSI's DO NOT pay a penny for their MediCARE. It's like, MediCARE Part "B" or "D" whichever one is for the "POOR". They pay absolutely NO TAXES, no premiums, no co-pays, nothing for EMS, nothing for PILLS, nothing at all.<BR/>It's completely and totally FREE for an SSI.<BR/>SSI's CAN own a home of any size or any value whatsoever. It can be worth $750,000 paid for free and clear, it does not matter to qualify for SSI.<BR/>BUT, they cannot "have" an Accumulated Total of over $2,000 in "things" IN that home or around that home. Like their belongings IN that home cannot be very valuable. Their CAR does NOT count and can be worth ANYTHING.<BR/>It can be a Cadallic paid for, does not matter for SSI.<BR/>So, the Illegal ALiens KNOW ALL ABOUT SSI already and are waiting to Apply & Qualify for SSI & SSP in California, that pays the HIGHEST in checks each month, and all the OTHER benefits on top of that, like MediCAL/MediCAID.<BR/>When you get another 40 Million MORE people on a NON-TAX Paying 'Entitlement' Program like SSI/SSP, it's going to collapse the U.S., just like when the Illegals owning and getting forclosed on their homes they bought.<BR/>The U.S. will NOT be able to sustain all the new legal's on SSI/SSP at all!<BR/>Obimdim will TRY to MAKE TAXPAYERS like ME pay, but it will NOT work.<BR/>He will probably strangle the life out of every single thing left to keep paying his "people" as this is the specific 'Entitlement' program that MOST of his "people" live on, SSI & SSP.<BR/>It's either AFDC-CalWORKS, TANF or SSI/SSP.<BR/>So, he will do EVERYTHING to keep paying them these SSI checks.<BR/>It will NOT work.<BR/>Then the collapse will happen.<BR/>But I suppose after I read this link: http://tinyurl.com/6m7ufd and this one: http://tinyurl.com/48htvg and this one: http://tinyurl.com/dhrk9k<BR/>These 3 URL's especially the first one I posted, show this is EXACTLY what O'Bom-bim wanted in the first place, so he can FORCE us into his Socialist/Marxist Global Universe Zombie's.<BR/>It's so easy for me to see.<BR/>I'm not an Economist, and all the blabber jaw of all the Politicians and Experts is silly and a waste of time to me, because it's all going to come down to one low-life thing--->>> SSI/SSP recipients.<BR/>They don't pay any taxes, they only take and drain like Locust/Leaches.<BR/>SSI was never meant to be a Lazy persons lifestyle that it has become. It was for very poor older people and very handicapped children.<BR/>Oh, it goes to these people, but it also is in 3rd place as the highest and fastest growing Entitlement program in the Nation!<BR/>To SEE an example of how many people live on SSI/SSP in California, go to: http://www.policymap.com<BR/>Click on SSI Recipients for 2007, nothing else at all, just the MAP for SSI Recipients.<BR/>Now, look at California, it's a Deep Dark Purple Color Code Number 5 Right? Now, look up at the Border with Oregon, or over at the Border with Nevada. What you SEE is the Color Code for any Other State besides California, is that the Color gets LIGHTER because there's Less SSI Recipients IN the Other States.<BR/>That's because California, has the 2-SSI check system. It ATTRACTS SSI recipients from All Over the US to come to California to get 2-checks all rolled into ONE from California, that pays the highest amounts.<BR/>There is absolutely NO WORK HISTORY required for SSI/SSP whatsoever. You NEVER have had to work a single day in your life to collect LIFETIME SSI/SSP checks!<BR/>This is also WHY all the workers are moving OUT of California. Like ME. And, I'm way, way up now, in far-Nor-Cal. BUT, there's nothing here but SSI's.<BR/>They are all "depressed" or have "anxiety" because of being an alcoholic or meth addict.<BR/>Oh yes, they CAN collect because they are "depressed" because they are an addict, but NOT because of Alcoholizm. Tricky huh, but they have PhD's in Collecting SSI checks for their ENTIRE Family Members, usually for LIFE.<BR/>Look around on the 1st of the Month. See all those Handicapped Placards on rear-view mirrors and license plates? MOST if not ALL those people you see, with NO TEETH, MORBIDLY OBESE are more than likely, SSI's.<BR/>They contribute NOTHING.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-9430835.post-72667589015989842132009-03-25T11:34:00.000-07:002009-03-25T11:34:00.000-07:00Actually, Franklin's book may not have been writte...Actually, Franklin's book may not have been written out of America's intellectual history because of its calls for less immigration. It may have been passed over as so much from our founding era is passed over. As far as so many intellectualoids are concerned nothing of value was written in America before 1830 with the Transcendentalists.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-9430835.post-87543306671194045632009-03-24T17:05:00.000-07:002009-03-24T17:05:00.000-07:00Unless you want ghost towns of empty houses collec...<I>Unless you want ghost towns of empty houses collecting dust and depressing the price of all real estate so that your property values tank completely, we need those houses full.</I><BR/><BR/>I <B>do</B> want the price of my house to fall.<BR/><BR/>Please see CA's Prop 13. As home values skyrocketed, taxes skyrocketed. Retirees living on fixed incomes could not keep up with the rate of taxation. They were kicked out of their homes. <BR/><BR/>I don't want to be kicked out of my home.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-9430835.post-13044528483865845542009-03-23T20:02:00.000-07:002009-03-23T20:02:00.000-07:00From an article in my local paper, on the (current...From an article in my <A HREF="http://www.sltrib.com/ci_11978487" REL="nofollow">local paper</A>, on the (current) improvement in Wall Street's mood: <I>"Meanwhile, the National Association of Realtors' existing home sales report was overwhelmingly positive for the market although it showed a decline in home prices in February...</I><BR/><BR/>Got that? Home sales rose <B>although</B> prices declined. Does that remind anyone of the old headline that "Prison populations continue to climb even though crime is falling"?<BR/><BR/>There's a very simple solution to the supposed excess of housing, and it's right under Mr. LeFrak's nose.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-9430835.post-37785496056615835112009-03-23T15:38:00.000-07:002009-03-23T15:38:00.000-07:00There are two fantasies here. The first is that th...There are two fantasies here. The first is that there are large numbers of people in the world eager to come to America and buy houses for $300,000 - 1,000,000. And when I say "buy" I mean buy outright, not borrow money from the banks to buy, which is what got us into this mess.<BR/><BR/>The second is that this infux of people will have zero impact on wages in the US. Since it must drive wages down, the result will be to lower the cost of the house which the average American can afford. We're already seeing this happen. Median wages have been stagnant for some time now even as house prices have been soaring.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-9430835.post-48431661845004696692009-03-23T13:19:00.000-07:002009-03-23T13:19:00.000-07:00"Congress ought to break up banks and any conglome..."Congress ought to break up banks and any conglomerate which uses its size to extort money from working stiffs."<BR/><BR/>Congress ought to break itself up. That organization is the most extortionist.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-9430835.post-12048837503818282592009-03-23T10:30:00.000-07:002009-03-23T10:30:00.000-07:00Who is to be blamed if Congress capitulates to Wal...Who is to be blamed if Congress capitulates to Wall street gangsters and transfers money from the middle class and working class to the rich? Congress did not try to change the conditions which led to the present situation as a condition of receiving a bailout. Congress ought to break up banks and any conglomerate which uses its size to extort money from working stiffs.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-9430835.post-16966508388748091472009-03-23T10:19:00.000-07:002009-03-23T10:19:00.000-07:00Again, Options A and B. Option A: let Mexicans ove...<I>Again, Options A and B. Option A: let Mexicans overrun your town until the point that it's part of Aztlan and no Americans want to live there. Option B: new industry or ghost town. Locals find new way to make money or move on. It's happened over and over again in American history. Come to think of it, it's happening in Detroit right now, and they have lots of unskilled labor.</I>-Mark <BR/><BR/>Pittsburgh(still one of the whitest big cities in the country) recovered quite nicely following the collapse of the domestic steel industry.<BR/>http://en.wikipedia.org/wiki/Pittsburgh,_Pennsylvania<BR/>(...)<BR/><I>While the city is historically known for its steel industry, today it is largely based on healthcare, education, technology, robotics, fashion, and financial services. The city has made great strides in redeveloping abandoned industrial sites with new housing, shopping and offices, such as the SouthSide Works. While Pittsburgh faced economic troubles in the mid 1970s as the steel industry waned, modern Pittsburgh is economically strong. The housing market is relatively stable despite a national subprime mortgage crisis, and Pittsburgh added jobs in 2008 even as the national economy entered a significant jobs recession.[11] This positive economic news is in contrast to the late 1970s, when Pittsburgh lost its manufacturing base as those jobs moved offshore.</I><BR/><BR/><I>In 2007, Forbes magazine named Pittsburgh the 10th cleanest city,[12] and in 2008 Forbes listed Pittsburgh as the 13th best city for young professionals to live.[13] The city is consistently ranked high in livability surveys. In 2007, Pittsburgh was named "America's Most Livable City" by Places Rated Almanac.[14]</I><BR/>(...)<BR/>Pittsburgh(city proper) demographics: <BR/>(...)<BR/><I>The largest groups in terms of race were 67.63% White, 27.12% African American, 2.75% Asian, and 1.32% Hispanic (of any race).</I><BR/>(...)Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-9430835.post-66573030129526902502009-03-23T08:11:00.000-07:002009-03-23T08:11:00.000-07:00Mr. LeFrak was once a partner in LeFrick and LeFra...Mr. LeFrak was once a partner in LeFrick and LeFrak.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-9430835.post-24378423908448135702009-03-23T07:53:00.000-07:002009-03-23T07:53:00.000-07:00first anon,I have the same very low opinion of The...first anon,<BR/>I have the same very low opinion of The Economist which recently ran an hagiographic article on Obama which ended with predicting the end of white America.<BR/><BR/>Richard...LondonAnonymousnoreply@blogger.comtag:blogger.com,1999:blog-9430835.post-22663030649980232392009-03-23T07:42:00.000-07:002009-03-23T07:42:00.000-07:00Add:Now I remember that whatever i read about Lefr...Add:<BR/><BR/>Now I remember that whatever i read about Lefrak years ago had to do with his "expertise" in negotiating the "pay to play" obstacle course of local regulators and politicians.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-9430835.post-87441092255317820042009-03-23T07:33:00.000-07:002009-03-23T07:33:00.000-07:00Note: Last time I ever read anything about them (p...Note: Last time I ever read anything about them (probably 40 or 50 years ago), their name was Lefrak (in other words, the Le sounds like an affectation of some kind). (Sort of like Joe Theismann, whose name was pronounced "Tees-man" until he was a Heisman Trophy candidate and pronunciation shifted to accomodate the rhyme.)<BR/><BR/>There were various people with some economic insights back in those early years. But their efforts to understand or to formulate cohesive theory were handicapped by the fact that they couldn't explain VALUE, were unanimous in cobbling together explanations based on characteristics of the valued things themselves. Not until about<BR/>1850 did it become "discovered" that value is in the mind of the valuer, a concept that underpins all modern economic theory and renders any previous comprehensive theory (Marx, for instance) of no value whatsoever to understanding.<BR/><BR/>Franklin was plenty smart and plenty well-intentioned (he spurned patents on his inventions precisely so they could spread their bebefits as quickly as possible). But he was as enamored<BR/>of paper money as it's possible to be (maybe getting contracts for its printing swayed his judgement).Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-9430835.post-76477134066878710302009-03-23T06:40:00.000-07:002009-03-23T06:40:00.000-07:00I wonder how the population density figures for Fr...I wonder how the population density figures for Franklin's Philadelphia and Sailer's LA would differ. Given the latter's sprawl I suspect it wouldn't be that much.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-9430835.post-66367184912875539322009-03-23T06:35:00.000-07:002009-03-23T06:35:00.000-07:00"Anonymous said...This brings to mind a story I re..."Anonymous said...<BR/><BR/>This brings to mind a story I read in the NYtimes about a small southern town with declining population. The only new people coming in were Mexican illegal immigrants to work in the poultry (?) factories.<BR/><BR/>..........<BR/><BR/>Businesses tanked afterwards because there wasn't enough population to sustain them. And then the townspeople realized they cut off their nose to spite their face, and wanted the Mexicans to come back."<BR/><BR/>Yeah - the New York Times always reports all the facts, and in a completely disinterested way.<BR/><BR/>You're an idiot. And possibly a shill. Not making many sales lately? No gold star on the big board? This may come as news to you, but most people don't really like real-estate agents. We view them as parasites.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-9430835.post-14346294231451072032009-03-23T05:14:00.000-07:002009-03-23T05:14:00.000-07:00There must somewhere in the world be a population ...There must somewhere in the world be a population of intellectually gifted people, familiar with "sand State" climates, and at risk of being exterminated by their neighbours, who might be the very folk to immigrate and fill those houses.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-9430835.post-70516238881777494692009-03-23T01:11:00.000-07:002009-03-23T01:11:00.000-07:00Yeah, all those capitalists who invested hundreds ...<I>Yeah, all those capitalists who invested hundreds of billions in stupid stuff this bubble took no risks. The guys who blew I don't know how many billions in the internet bubble took no risks, etc...A few of them didn't lose as badly due to their specific positions/connections.</I><BR/><BR/>Whose money were they risking? Their own? Nope.<BR/><BR/>That's the disparity between traders for AIG, who weren't risking their own money, and guys like Richard LeFrak and a myriad other real estate tycoons.<BR/><BR/>LeFrak at least has his own money at stake (presumably), but he and the rest of the real estate industry played a rigged game. They demanded (ad got) more immigration to boost demand and to supply cheap labor and easy loans to drive demand even higher. Now that's collapsed he wants Congress to step in and bail him out, because there's nothing better for America than unaffordable homes. That's what is meant by "no risk." When the market's a boomin', they profit. When it's collapsing, they get Congress to fix the game again.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-9430835.post-78982011747554705432009-03-23T00:39:00.000-07:002009-03-23T00:39:00.000-07:00What the hell is the point of rewarding capitalist...<I>What the hell is the point of rewarding capitalists for taking risk if they're never actually, ya know, taking risks?</I><BR/><BR/>Yeah, all those capitalists who invested hundreds of billions in stupid stuff this bubble took no risks. The guys who blew I don't know how many billions in the internet bubble took no risks, etc. I don't know how out of touch with the news you can be to not know that they took risks and lost big. A few of them didn't lose as badly due to their specific positions/connections.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-9430835.post-42724467713325402009-03-23T00:36:00.000-07:002009-03-23T00:36:00.000-07:00This brings to mind a story I read in the NYtimes ...<I>This brings to mind a story I read in the NYtimes about a small southern town with declining population. The only new people coming in were Mexican illegal immigrants to work in the poultry (?) factories.<BR/><BR/>Well, the town had the bright idea to "Kick out all the illegals," and started rounding them up.<BR/><BR/>Businesses tanked afterwards because there wasn't enough population to sustain them. And then the townspeople realized they cut off their nose to spite their face, and wanted the Mexicans to come back.</I><BR/><BR/>Your solution is suicide to fix an itchy foot.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-9430835.post-13556306758544138602009-03-23T00:23:00.000-07:002009-03-23T00:23:00.000-07:00What the hell is the point of rewarding capitalist...<I>What the hell is the point of rewarding capitalists for taking risk if they're never actually, ya know, taking risks?</I><BR/><BR/>Yours friends in government will always arrange a profitable outcome...Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-9430835.post-77963774067950185312009-03-23T00:21:00.000-07:002009-03-23T00:21:00.000-07:00a number in Hong Kong secured residences in Singap...<I>a number in Hong Kong secured residences in Singapore and Canada before the British handover to China in 1997. They rapidly became over a quarter of Vancouver's population...</I><BR/><BR/>It says something about these greedy traitorous conniving sonsabitches line of thinking that they have no problem with the Chinese becoming one-quarter of Vancouver's population practically overnight.<BR/><BR/>Just think how many real-estate magnates there are out there, all of them thinking exactly this way, and all of them with your politicians in their pockets.<BR/><BR/>Massasoit would be proud.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-9430835.post-48924373328813665692009-03-23T00:09:00.000-07:002009-03-23T00:09:00.000-07:00Unless you want ghost towns of empty houses collec...<I>Unless you want ghost towns of empty houses collecting dust and depressing the price of all real estate so that your property values tank completely, we need those houses full.</I><BR/><BR/>The <I>will</I> be full, eventually, because otherwise they're a wasting asset. The question is how to fill them. Option A brings millions of new immigrants into the country who buy them and prop up unreaistic housing prices that Americans can't afford to pay. Option B lets the price fall until they find a willing American buyer. Why should Americans have to subsidize Option A so that greedy lenders an/or builders don't have to take the hit? What the hell is the point of rewarding capitalists for taking risk if they're never actually, ya know, taking risks?<BR/><BR/><I>Businesses tanked afterwards because there wasn't enough population to sustain them. And then the townspeople realized they cut off their nose to spite their face, and wanted the Mexicans to come back.</I><BR/><BR/>Again, Options A and B. Option A: let Mexicans overrun your town until the point that it's part of Aztlan and no Americans want to live there. Option B: new industry or ghost town. Locals find new way to make money or move on. It's happened over and over again in American history. Come to think of it, it's happening in Detroit right now, and they have <I>lots</I> of unskilled labor.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-9430835.post-38588264440509947412009-03-22T23:55:00.000-07:002009-03-22T23:55:00.000-07:00Somebody should summon the ghosts of Henry George ...<I>Somebody should summon the ghosts of Henry George and Benjamin Franklin to explain why high land prices are not a good thing for America.</I><BR/><BR/>I don't think the "somebody" will be <A HREF="http://www.mskousen.com/About/about.html" REL="nofollow">Mark Skousen</A>. I understand he's emotionally invested in open immigration. Quite unlike Franklin, his sixth/eighth/whatever great-grandfather.<BR/><BR/><I>Are we really any different from the Manhattan Indians giving away their land for a few beads and blankets?</I> --Anon.<BR/><BR/>Actually, those Indians gave away some other tribe's land. The beads and blankets cost them nothing. (In the short run, anyway...)Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-9430835.post-14626981605208328762009-03-22T22:14:00.000-07:002009-03-22T22:14:00.000-07:00This brings to mind a story I read in the NYtimes ...<I>This brings to mind a story I read in the NYtimes about a small southern town with declining population.</I> <BR/><BR/>Now <I>there's</I> a reliable source of information about immigration related issues.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-9430835.post-48508465873165455762009-03-22T22:13:00.000-07:002009-03-22T22:13:00.000-07:00the Dems are not about to point it out to Mr. and ...<I>the Dems are not about to point it out to Mr. and Mrs. Middle America, and the Repubs are still suffering from post-election fear: they're afraid of being called racists should they connect the dots for the public.</I><BR/><BR/><BR/>Sorry to disabuse you, but the Republicans are for open borders for the same reason as the Democrats - because they, like the Democats, are in the pocket of the real estate business.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-9430835.post-11408875776845101342009-03-22T22:10:00.000-07:002009-03-22T22:10:00.000-07:00Unless you want ghost towns of empty houses collec...<I>Unless you want ghost towns of empty houses collecting dust and depressing the price of all real estate so that your property values tank completely, we need those houses full.</I><BR/><BR/><BR/><BR/>Some people would sell their soul for a few baubles.<BR/><BR/>Are we really any different from the Manhattan Indians giving away their land for a few beads and blankets? I don't think so. And we will reap the same reward for our stupudity.<BR/><BR/>FYI, I want ghost towns. And I want the brainless and corrupt developers driven out of business, along with their political lapdogs.Anonymousnoreply@blogger.com