Records: Prof profited by buying, selling homes
 

It's ok if I took advantage of others despairs.....


Records: Prof profited by buying, selling homes - BostonHerald.com

Yah, she's all for the little guy, right. What a crock of chitr she is. Lieawatha was stealing from her fellow Oklahomans who lost thier homes to foreclosure.

I'm not sure you can come to that conclusion off of this information alone. Buying and selling prices don't indicate large profits unless you understand the labor and materials invested.
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The first one I read that her and her brother's name is on was bought for $4,000.00 and sold for $30,000.00 a few weeks later. Thats good enough for me.

Spence, I for one am shocked, SHOCKED, that you come to her defense.

She profited from flipping at least one foreclosed house. She profitted from someone else's bad luck. She has zero moral authority.

Unless the house was owned by a white man, and then it's justifiable revenge for what the white man did to her people.

Spoken like a politcal press spokesman.... Fail. And insulting to your audience...

Funny chit

This #^&#^&#^&#^&ing piece of #^&#^&#^&#^& got 95.7 % of the democratic vote today.
More proof that people in Ma. are either #^&#^&#^&#^&ing brain dead or part of the #^&#^&#^&#^&ing liberal corruption machine !

All liberal heart, lending her own Brother, at TWICE the going rate of 4.5%,
a 9.5% loan so he could get in on the action and at the same time profiting even
more for herself.

That loan was in 2000 when the average mortgage rate was closer to 8 percent I believe. The article is misleading...it also doesn't say if she underwrote or consigned the loan. If he was higher risk he might not have qualified for a good rate either...9.5 could have been a good deal for him.
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Well Spence as much as I hate to, I have to agree some with U...he aquired the loan in 1997, 3 months of interest at 9.5 would be approximately 831 dollars, also had to pay 3 months of city or town property tax at the closing, water and sewer bill if any... does not state if he used an attorney we do not know if he used a Realtor for that property or any other properties that any of them sold....plus did he hire anyone to caulk and paint. So the story is a little mis leading as far as profit....and I do believe that in this country a person has the right to make a profit.... plus I'm not going to vote for her anyway. She is a prototype of Jane Lubchenco head of NOAA and is not for the fisherman.

In today's world at this time if a person has monies to invest I would invest in buying property and not the stock market. And I hate to say that monies R made on others miss fortune...its been happening with people buying boats...getting good deals on others miss fortune

Brain dead.. Where's my ebt card I can use with my ss disability to buy income property
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She's a hypocrite commie-pinko-slob :love: from time to time but this doesn't create much issue. Lying to the diversity bullies is one thing, making a profit flipping houses in a down economy is another and isn't really bad. Just working a niche market.

Remember, the left had not yet cast into law that everyone should own a home, whether qualified or not, back in the early 90s.

Hook up with a liberal candidate.
Stand on a street corner holding their sign and if they win on November you should be in with a good tax paying job.
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All right I'm in :love:

Oh forgot to mention.
Majority of them will march you down to a credit union for a loan of the amount of you 1st years pay that they will consider payment for getting you that job.
I personally know a lot of guys who had to do it !
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Good observation, seems like interest rates have been so low for so long
9.5 % seems sky high.

If I renounce my US citizen and become an illegal maybe it would help.
I work my ass off, as do alot on this board. It makes me sick to see this crap and makes me wonder what I did wrong.

Most of these sales seemed to occur in the middle 1990's, not exactly a down economy.

I love lines like this...

18% WHAT A MARGIN!!! And after expenses did it even turn a profit? That's not flipping...

Nope, they had to wait for Bush 43 and the "ownership society" :devil2: :hihi:

-spence

lol, capitalism.

Its completely hilarious to see born and bred republicans crying about someone flipping foreclosed homes.

Its like you guys actually care about those who lost their homes now AFTER you pretty much spent time blaming them for being foreclosed on and taking out loans they can't afford. Amazing.

It's called capitalism because you look for values in the marketplace and capitalize on them. It's good: proves she's not a commie.
Beats punching a clock and waiting for a raise that's never coming.

Ba ba bingo.
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Barney Frank robots.

Fly Rod, I agree with you that peopl ehave a right to make a profit. But this is the liberal hypocrisy. Because liberals are framing the entire 2012 election on their notion that wealthy people are "bad", and that wealthy people only got that way on the backs of poor people.

Liz Warren, in particular, has chastised the wealthy out of one side of her mputh, while herself engaging in some profiteering out of the other side.

Liberals are saying Romney was cruel for buying a company and selling it off, making large profits. But that's exactly what Liz Warren did with those foreclosed houses, albeit on a larger scale.

These people literally have no shame, and their hypocrisy knows no bounds. It's unbelievable.

Not all did - there was ups and downs and the economy wavered.

Yep - its Bush' fault. :yawn:

I don't have a problem with people making money, leaglly, but I do have a problem with someone such as Warren telling everyone she is for the middle class , the little guy on the street, the guy who is up against it, and in the end she is the biggest hypocrite out there.........currently. She was probably, as an attorney, tied up with people at the bank, and walked into these places without taking out a note. I mean $4,000.00 for the one house I saw, hey what attorney couldn't write that check. She is the one holding herself up there to scutiny, we aren't.

And how is this being against the middle class?
Anyone with 4k could have easily done the same if they cozied up to the bank.
Hell I went into my bank the other day for a personal loan and while in a discussion about mortgages the loan officer mentioned a couple houses they had in foreclosure cheap (wrong location, right price).

I must hate the middle class too!

Spence, you're saying that a profit margin of 18% is not high enough to get upset about? OK...so why do liberals incessantly attack health insurance companies, whose industry profit margins average about 5%, which is on the low side for American businesses?

I dont think this is a big deal.
I think the point swimmer and others are trying to make is - its equivalent to Warren preaching about the evils of alcohol and the greedy alcohol business and in her past she used to have a few drinks now and then.
Not a big deal, but undermines her credibility.

I agree with Jimmy. It does undermine her credibility to a degree on some issues , but I am not sure when it became immoral to buy houses, fix them up, and sell them for profits. The important question, are the actual facts? We don't even know what the net profits of the sales were. I know in Worcester back in those days, you got breaks for buying houses and fixing them up on main south.

http://images.huffingtonpost.com/201...cottbrown1.jpg
At the risk of coming across as a perv, I don't think a guy with daughters like this can lose.

Did you guys see this?

I would have wanted to floor Patrick if I was there. Who the hell is say what the people of MA care about>. The governors arrogant response and warrens non-sensical banter are why I hate liberals. This type of crap may work when you are inverviewed for a professor job or a community organizer, but not in the real world. I wont be hear to vote in Nov but please Massachusetts show some balls and dont vote for a dem for the sake of voting for a dem

Gov. Patrick steps in as Elizabeth Warren stonewalls - Boston News, Weather, Sports | FOX 25 | MyFoxBoston

This is a bit worse, because she profitted by it. She profitted off of others' misfortune, which she claims she is opposed to.

A better analogy would be if she spoke about the evils of alcohol, and then silently opened up a bar across the street from alcoholics ananymous.

Gross margin not net. Nobody in their right mind would buy a house to flip if all they thought they'd make was 18% before expenses.

-spence

I think you're confusing misfortune with exploitation.

-spence

I think the left and the right both put forth their share of kooks.

That being said I wouldn't worry if I was Scott Brown. He's a moderate Republican and this stoopid issue will undermine her credibility (like Kerry's inability to counter the Swift Vets) in a way that will turn off independent voters.

If I were Brown I wouldn't even mention it, just let the media stir the pot.

-spence

Zimmy, if profiteers like Liz Warren didn't pounce on foreclosed homes for a quick profit, banks would have more incentive to help struggling folks stay in their homes. Try making that wrong. Warren is profitting on the misfortune of others, while she chastises others for doing the same. Irrefutable fact.

"Nobody in their right mind would buy a house to flip if all they thought they'd make was 18% before expenses."

You are focusing on the 18% deal, because that makes her look the least reptilian. How about this deal, if you read the link...

"Purchasing a foreclosed home at 2725 West Wilshire Boulevard from the U.S. Department of Housing and Urban Development for $61,000 in June 1993, then selling it in December 1994 for $95,000 — a 56 percent mark-up in just 18 months."

Zimmy, please answer this simple question...Rather than profiting from the misfortune of others, why isn't she helping those struggling folks to stay in their homes?

If what she did is OK, it's OK for others (like Mitt Romney) to do the same...

Your hypocrisy has no limits, and you have no shame.

your assuming the guy put any money into it, maybe he just sat on it.

You guys are all clowns.

No one knows if she rehabed. the houses or just flipped them. None of that matters as long as you guys think you can needle the other side.

Sad

Sad part is,as with most of these sweet deals, it's who you know.

Warren is a hypocrit at best and currupt to the core. She is a manipulative weasle who used any part of the system, created by her party, to get ahead. She is everything that is wrong with politics.

Scott Brown isn't.

Once again the facts are irrelevant before making a conclusion. For all we know she lossed money on every one of these. It is unbelievable.