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November 20, 2005

How Rightwing Thinks About Housing Bubble

It's an opportunity!

Here's what Freepers are saying about the housing bubble and folks taking on unsustainable debt:

It is time for the greedy and the stupid to suffer. I'll be right their to cash them out of their debt and take their property for a HUGE discount.

Bankruptcy laws were changed just on time!

Exactly. Now people will have to pay what they owe.

I have a friend that did just that when property prices collapsed in the late 80's here in Austin. Bought Condo's with his credit cards.
He's a rich man.

These are the vultures circling, knowing that the coming bursting of the housing bubble means big profits buying out folks who won't be able to turn to the bankruptcy courts for help.

Don't let anyone say after it happens that this wasn't the deliberate plan by the GOP to help out their investor class vulture constituency.

Posted by Nathan at November 20, 2005 09:18 PM