RSSWill Liberals Treat the “Rich” As Equals?
J.J. Jackson* | January 23, 2008
When liberals whine about how people on lower incomes over extended themselves and their credit to buy homes they couldn’t afford, one has to wonder if they will have the same sort of “compassion” and calls for government bailouts when the same thing happens to wealthier people. We may soon find out.
HINSDALE, Illinois (Reuters) - A house in this wealthy Chicago suburb is far beyond the reach of most Americans.Unfortunately, Hinsdale may also now be too expensive for some of the people who already live here.
“There is a section of the population here that over-extended themselves to buy here and then keep up the facade of wealth,” said Sharon Sodikoff, a broker associate at local real estate agency Prudential Homelife Realty. “In the next year or so they’ll be forced out in dribs and drabs.”
I doubt it. They are the vile rich after all in their eyes. But don’t put anything past liberals pandering for votes with government money.
The answer to all these problems is of course simple. Let the market work. Let people that made bad decisions deal with them on their own and learn the lessons of how to manage their finances. Some will fail and do it again. But most Americans are smart enough that they will learn their lessons.
But of course that is the difference between myself and your typical liberal. I have faith in the intelligence of people. They do not.
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Screw the rich isn’t just a motto for the left. It’s a way of life. As long as they aren’t “the rich” that are getting screwed.
[...] Spencer Rascoff (Zillow) article is brought to you using rss feeds.Here is a great article on the latest real estate buying and selling news.“There is a section of the population here that over-extended themselves to buy here and then keep up the facade of wealth,” said Sharon Sodikoff, a broker associate at local real estate agency Prudential Homelife Realty. … [...]