Warren Buffett says "We're coming back"

[christopher w]

Here is a link to the article.

http://news.yahoo.com/s/yblog_upshot/buffett-we--re-coming-back-no-question-in-my-mind;_ylt=AtC9Qk4U2bPqUa4z03ZcG.wYdL1_;_ylu=X3oDMTRnNWxwOTRqBGFzc2V0A3libG9nX3Vwc2hvdC8yMDEwMDcwOC9idWZmZXR0LXdlLS1yZS1jb21pbmctYmFjay1uby1xdWVzdGlvbi1pbi1teS1taW5kBGNjb2RlA21vc3Rwb3B1bGFyBGNwb3MDMwRwb3MDMwRzZWMDeW5fdG9wX3N0b3JpZXMEc2xrA2J1ZmZldHR3ZXJlYw--

With all of the doom and gloom posted here by the "Supreme Hypocrite" I thought some of you might like to read something positive for once.

[propertymanager]

With all of the doom and gloom posted here by the "Supreme Hypocrite" I thought some of you might like to read something positive for once.

Are Moderators supposed to engage in personal attacks?

[christopher w]

Just calling a spade a spade. You complain about government handouts yet you continue to accept section 8.

Random Ramblings is the wild west.

[propertymanager]

So, you've now officially changed the forum rules Christopher?  Let the personal attacks fly - is that your position?

[christopher w]

Is it really a personal attack if it is the truth??

Do you object to government hand-outs?

Do you not accept section 8 as rent payment on some your rental properties?

Is section 8 not a government hand-out?

Please see the definition of hypocrite below. i have highlighted the section that pertains to you.

Main Entry: hyp·o·crite
Pronunciation: \ˈhi-pə-ˌkrit\
Function: noun
Etymology: Middle English ypocrite, from Anglo-French, from Late Latin hypocrita, from Greek hypokritēs actor, hypocrite, from hypokrinesthai
Date: 13th century
1 : a person who puts on a false appearance of virtue or religion
2 : a person who acts in contradiction to his or her stated beliefs or feelings

I am not attacking you in any way shape or form. I am just referring to you using the Merriam-Webster definition of what you are. The same as if I called you a homo-sapien or a citizen of the planet earth. I'm sorry that you find that offensive but the truth is the truth.

[christopher w]

Unless it was the word "supreme" that offended you. if that is the case then please accept my most sincere apology and I will only refer to you "hypocrite" from here on out.

[propertymanager]

Well Chris, I know that you already understand this issue, but I'll spell it out for you again.  I am against all government handouts and am actually working to put a stop to them, through my political activities (which are extensive).  Some of my tenants are on Section 8 and I am against the government giving those handouts to the tenants.  I not only do not support the government giving handouts, I won't now, nor have I ever taken any government handouts.  If I did that, I would be a hypocrite, WHICH I AM NOT.  I provide housing to the tenants and they use THEIR GOVERNMENT HANDOUT to pay the rent.  You see, the difference between my tenants (who receive handouts) and me (I don't take handouts) is that I provide a service to the government and am therefore compensated for that service.  My Section 8 tenants, by contrast, do NOTHING for their handout.  Hope that you now understand the difference and I accept your apology.

[Tien]

Like Gordon Gecko once said, "It's all about the bucks kid, everything else is just conversation".



BTW Mike, don't kid yourself. You have 100% control on whether or not you accept section 8 tenants. So regardless of whether or not you agree with government hand out money, it indirectly flows into your pocket and feeds your family.

It doesn't matter what rationalization one makes out of all this. All you need to do is trace where the money is going and it will tell you the story.

Money doesn't lie.

[Tien]

But in defense of Mike.


I am a hypocrite too.


I am against government handouts. But if one of my tenants has difficulty paying me rent and goes on welfare to pay it, I'll be smiling all the way to the bank.

[fdjake]

Thanks for the post Chris....

Hey MIKE sort of sounded like a LEFT WING LIBERAL there for a minute didn't he???
Gettin all "UPSET" over being called a "NAME."  Yet he has NO PROBLEM calling the President of the United States "OSAMA" om a DAILY BASIS!!

This guy has BLOWN every OUNCE of credibility he has ever had here and more and more people are just CALLING HIM ON IT...

He just doesn't want to HEAR IT!!!

By the way.....I agree 100% with BILLIONAIRE Warren Buffet's assessment of the economy and the USA!

[propertymanager]

Hey MIKE sort of sounded like a LEFT WING LIBERAL there for a minute didn't he???
Gettin all "UPSET" over being called a "NAME."  Yet he has NO PROBLEM calling the President of the United States "OSAMA" om a DAILY BASIS!!

No, wrong again FDJake.  I'm not upset about anything, however I would expect a moderator to follow the forum rules.  You'll note that I don't expect that of you, which is exactly why you were banned before and I'm sure that at some point you will be again.  However, next time, I certainly will not advocate to let you come back.  Furthermore, there is no comparison between slinging PERSONAL insults at forum members and making comments about public figures.  One is acceptable and the other is not.  You'll note that no one edits or removes your posts when you rant about Bush.

BTW Mike, don't kid yourself. You have 100% control on whether or not you accept section 8 tenants.

Actually, that is not correct, especially if you consider all handouts as opposed to just Section 8.  If I didn't take anyone that took government handouts, I would be out of business.  In the  rental business, a high percentage of the tenants receive some sort of handout, either Section 8, SSDI (the new welfare), welfare, unending unemployment benefits, food stamps, other types of rent/deposit assistance, free air conditioners, free cellphones, PIPP, etc, etc, etc.  Furthermore, I would go so far as to say that very few businesses could survive if they didn't take customers with government subsidies.  Doctors, groceries, pharma, retailers, utilities, and just about every other business has a significant percentage of customers that receive handouts.  You'll note that these businesses taking these subsidies does not mean that these business owners approve of the handouts or that they are hypocrites - that is the very dismal reality that our socialist government has forced on us.

[allagash]

haven't read the article...but I'm sure Warren has been closely monitoring things like railcar tonnage:

http://www.youtube.com/watch?v=qmJdCpEPIWs&feature=related

 

-Mike

[Tien]

Actually, that is not correct, especially if you consider all handouts as opposed to just Section 8.  If I didn't take anyone that took government handouts, I would be out of business.  In the  rental business, a high percentage of the tenants receive some sort of handout, either Section 8, SSDI (the new welfare), welfare, unending unemployment benefits, food stamps, other types of rent/deposit assistance, free air conditioners, free cellphones, PIPP, etc, etc, etc. 

This government handout business only happens in low income areas. It was your choice to buy property in low income areas and provide a service (as you put it) for those living in low income areas. The choice is always up to you, don't try and blame the government for having to accept section 8.


I'm not against what you're doing at all. I'd fill up the entire building with section 8 if I had properties in low income areas.

[brockovich]

I have 44 rental units in my long term hold portfolio and out of all of those I have only one Section 8 tenant and I inherited her after purchasing the building four years ago. So yes you can choose whether or not you accept Section 8 tenants. I have people call me asking if I accept it and I simply replay no. Mike, you do receive those checks directly from the government agency, not the tenant. It It is a subsidy paid directly to you. Unlike SSI which they still would have use those funds to pay you with  cash funds and/or a personal check. I agree with you A LOT but on this one you are kinda being a hypocrite as I easily survive without accepting section 8 tenants. It simply is not worth the headache to me.

[propertymanager]

It It is a subsidy paid directly to you.

You are correct, it is a subsidy paid directly to me, but the key point is that it is the TENANT'S SUBSIDY - not mine.  Furthermore, as I said, that is only ONE in a long list of entitlements that I don't agree with.   As I said before, almost no business could survive without accepting money that comes from the government.  Do your tenants receive SSDI, unending unemployment, welfare, food stamps, etc, etc, etc? 

This is not the deadbeat's fault - it is the fault of our socialist government who have encouraged this entitlement state over decades.