Records: Prof profited by buying, selling homes

[Jim in CT]

Originally Posted by spence

I think you're confusing misfortune with exploitation.

-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.