Will has been trying to turn me into a man for months now, by continually referring to me as Joe-setta. This is a form of abuse, something that he is always reminding us not to do.
When I posted a thread about a rich man offering a young couple an sexual alternative to foreclosure on their home, Will moved it to the 'Stories' section. It was not a story, but completely true.
I also explained that I had made a lot of money on the Internet from selling shares and property at the top of the market. I said that I had taken the money out of the banks because I could not trust them anymore, and I would share it with my friends to get us through the tough times ahead. I said that it was very easy money to earn, and the profit I made was indecent compared with workers who slog hard in factories.
Recently, I have purchased 7 homes with my share market money. I bought them off banks at around a quarter of their value 3 years ago. I took some pride in offering the greedy banks (who had foreclosed on the owners) rock-bottom prices - I got them at my price because of their neglected states. I knew that a little bit of elbow grease would get them looking very smart in a short time if I could find the right tenants.
Guess what I did ? I went back to the original owners who had been ****** by the Banks to sell them, and I offered them a win-win deal to get them back on their feet and back into their homes again, instead of living with relatives.
My deal was: I pay them $100 per week each for 6 months to tidy up the homes, then they pay me only $60 rent per week for 30 months, just enough to cover insurance, etc.
At the end of three years the property market should have recovered, so we will get the homes revalued, and if they wish to buy off me, I will only charge them 75% of the valuation. This means that if the homes are worth $300,000, they will only need a mortgage of $225,000. I will virtully sign over $75,000 to them as a gift for caring for the homes for me. I see it this way - I shuffle money around, but they do the physical work of caring for the homes, so they need to be rewarded with low rent and a chance to make money if the homes are cared for.
A moratorium on foreclosures for several years would have held the property market values up high until the economy came right in several years time. A moratorium would have moderated the economic downturn to more manageable proportions.