Spark wrote:
Jay wrote:
JahManRed wrote:
It amazes me that governments continue to stick with the current unrestricted capitalist model. It clearly isn't working.
More people rent in Germany than anywhere else in Europe. In fact their are more renters than owner occupiers. The same country who's economy is keeping whole Euro Zone afloat. The same country who's economy is growing faster than the USA and UK's. So lets not copy this successful model, lets do the opposite and strong arm people into buying stuff they cant afford. Sorry, but this is sub prime mortgages on crack.
So after the biggest abuse of the mortgage system ever, the proposal is to force people into borrowing and buying a house so you are effectively a full citizen. Borrow above your means, get the vote. Cant pay your mortgage because you loose your job because the company you work for laid you off because they cant compete with China on the free market and you have your right to vote taken away?
The banks wont give out a mortgage without huge deposits. So this means only a certain section of the country who have enough money can vote. Then they continue to vote in whoever promises to make the rich richer and fuck everyone else.
This tea party really are a bunch of fucking nut jobs. They might as well go take a dump and wipe their arses with the constitution.
Your post doesn't make any sense.
How so?
Because home ownership rates in Germany have nothing at all to do with their economic model. Nor does it have anything at all to do with ours. Good for them, they have more renters. They also have more people (593) per square mile than the US does (83). People in cities rent, they do not own. More people in Germany live in cities than do Americans. Thus, the argument is invalid.
No one is forced to buy a home in America. No one. Let me repeat that once again. No one is forced to buy a home in America. Oh, the government may provide perks for home ownership (like income tax write-offs for interest paid servicing a mortgage), but no one has a gun to our heads forcing us to buy a home or else. Once again, the argument is invalid.
Banks won't give out loans without huge deposits? News to me. But maybe they learned a lesson from the prior decade when they were offering no-money-down mortgages which fueled the bubble which led to the economic meltdown. And so what if they did require a huge deposit? You're borrowing money from them. They could do whatever the fuck they want because no one is forcing you to take that loan. If you really want to buy a house, save your pennies, invest them, and pay cash. No loan required. No bank involved. Another invalid argument.
Yeah, the tea party are a bunch of nut jobs because he doesn't understand what they are talking about. His entire post was one based on emotion, not actual knowledge of events or the situation. Is the idea of property owners being the only voters rather stupid? Yes. But he didn't give a single valid reason why.