Property Grunt

Wednesday, December 05, 2007

Frozen mortgages and a beating.

It looks our Commander in Chief has come to save the day by freezing the rates on some mortgages.

WASHINGTON, Dec. 5 — The Bush administration reached an agreement with the mortgage industry today on a plan to freeze interest rates for up to five years for a portion of the two million homeowners who bought houses in the last few years with subprime loans.

The plan, hammered out after weeks of talks among Treasury officials, mortgage lenders and Wall Street firms, would allow distressed borrowers who are current on their payments to keep their low introductory rates and escape a jump of 30 percent or more in their monthly payments when those rates expire.

Democratic lawmakers and presidential contenders quickly criticized the plan for being too timid and promoted more ambitious proposals of their own.

You will have to forgive me for my doubts, but I am unsure if this will have any positive impact on our current situation. But I bet Wall Street will go crazy over this news tomorrow.

By now everyone has heard about this recording on Youtube where a guy got his ass kicked by a bunch of girls on the A train.

There is a saying in martial arts. Your best weapons are your two feet.

No. It is not for kicking ass left and right. It is to run away.

I am not blaming the victim here. These kids had no right to act this way and I hope they get caught and penalized for what they have done.

But unlike the incident that occurred on a bus a couple of months ago, this occurred on a train. All he had to do was move to another car or get a conductor. Whether it is a group of kids, adults or smurfs, if they are looking for a fight no amount of reason will prevent their actions. That is why Police officers are trained in the use of deadly force in case they are dealing with a perpetrator who refuses to yield to verbal commands. There is no shame in survival.

As you can see from this video, this pack of numbnuts are experiencing an adrenaline dump and are seeking to utilize it. All they are doing is ranting and raving. There is no logic in their words are actions. All they want to do is beat this guy down.

On a real estate level, this does not help at all. Who the hell wants to live in an area where you are required to be trained in Tae Kwon Do and Combat Sambo in order to take the subway?

Kids. I really don't advise following this path. There are a lot of angry f**king people out there, especially during these hard economic times. Pick the wrong person to mess with on the subway like these idiots did and you maybe getting a first class ticket to a world of hurt.