New Website "AngryRenter.com" Outlet for Mortgage Bailout Outrage!

AngryRenter.com ^ | 4-10-2008 | FreedomWorks

[bstein80]

All we hear these days is whining from reckless home borrowers and their banks.

But did you know that renters are 32 percent of American households? And that homes in foreclosure are less than 2 percent?

So why is Congress rushing to bailout high-flying borrowers and their lenders with our tax dollars?

Unfortunately, renters aren't as good at politics as the small minority of homeowners (and their bankers) who are in trouble. We don't have lobbyists in Washington, DC. We don't get a tax deduction for our rent and we don't get sweetheart government loans.

Quite simply, we are just Angry Renters. And now it is our time to be heard: no government bailouts!

[RightWhale]

What an arrogant post!

Not really. It doesn't tell half the real truth. We're pulling punches here.

[Myrddin]

However, most people rent it at a rate that includes all costs. That was my point. Renters DO PAY property taxes, indirectly.

That is a point I shouted loud and clear when the city governments of Chubbuck and Pocatello tried to lay a property tax to finance rehabilitation and modernization of the Holt arena located on the campus of Idaho State University. Many of the local renters said they would vote for it because they don't pay property taxes. I calculated the monthly impact on my property taxes...for a 20 year period. I made it clear that I would immediately raise my rent by that amount. Other property owners jumped in and stated they would do the same. Gulp! The renters immediately understood they were in the line of fire. The voters of the two cities overturned the bond with 80% NO votes.

[RightWhale]

One has to subdivide the land to be legal. Come to North Pole. It has been done. $10 for a square inch of Santa Land.

[Myrddin]

The downside of owning my 2nd house is having an extra yard to mow every Sunday afternoon during the warm part of the year. My tenants last year didn't do a very good job of mowing the lawn. I had to cart my lawn mower down to the house on multiple occasions. I paid for the electricity, gas, water and trash pickup....even while collecting only $350 in rent. A good tenant who takes care of the property would save me at least 3 hours of week of manual labor to care for my 2nd house.

[Balding_Eagle]

One of Rush’s phrases is “Ignorance is one of the most expensive commodities traded in the Untied States”.

Your post is a prime example of that, especially the part about taxes. You actually think the owner doesn’t pass the tax cost along to the renter?

Wise up.

[Ed_From_Ohio]

"It is true that in the olden days only property owners could vote — perhaps you’d like to return to that system.

Guilty!! I believe only those with an economic interest in a country should be able to vote on how its treasure is spent."

OK... if only property owners can vote, then non-property owners shouldn't have to pay income taxes. Because obviously they don't have "an economic interest" in the country.

By the way, how do you define a property owner. If the bank owns 80% of your property and you own 20% does that count? what about 99% and 1%? I could see it now, a thousand people own 0.1% of the same plot of land so that they can have the right to vote. Maybe banks will get a "supervote" because they own such a large percentage of the homes in the country.

[wayoverthehill]

Well you have a very good point there and I can’t disagree. LOL.