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Friday, June 19, 2009

BullDoze Heaven

American Scofflaw

In a nation with a huge homeless population, the US Government plans to start demolishing empty homes, simply to create an artificial shortage and boost housing prices supposedly to protect the value of the mortgages the banks hold.

But the mortgages the banks hold are not valued based on UNsold homes!

The only point of bulldozing empty homes to create an artificial shortage to keep prices up TO PROTECT BANKERS' FUTURE PROFITS!

If homes are cheap, you borrow less and the banks get less interest from you. If the homes are expensive, you have to borrow more money anmd the banks make more interest off of you.

In other words, they are using bulldozers to re-create the housing bubble from a few years ago.

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