I was expecting a book about contracts, money, recruiting, and trading. Rhodes touches on all those things, but this book is primarily a history book, drawing distant and not-explicitly-stated parallels between the slave markets at the beginning and the meat markets of college recruiting at the end. This book is also a call to arms of those who already know the history:
The zero down mortgage is back and it starts in San Francisco with Poppyloan: The Taco Tuesday house humping brigade is having a tougher time denying that we are in another bubble. Sure, they keep pointing to prices going up and rents surging but what about stagnant household incomes or the stock market getting kicked between the legs?
According to these delusional Kool-Aid drinkers, everyone is saving money and is perched on the fence ready to bounce on that piece of crap real estate that was built during the Great Depression. And you really have a double bubble.
Easy venture capital money is trying to find those next mystical unicorns i. All of this growth is predicated on prices only going up. With households broke, a new product called a Poppyloan is here to save the day bringing back the zero down option. What could possibly go wrong?
The zero down Poppyloan The house couch humpers keep saying that there are pockets of massive demand just waiting to erupt like a volcano.
But of course this loan was made for households with massive incomes and giant down payments stuffed in the mattress right? We have millions of grown adults in onesies roaming in their childhood home saving bags of money so they can have the privilege of living in a dilapidated piece of junk.
Here comes the Poppyloan. As in this baby is going to pop! No down payment funds stuffed in the mattress. Basically these prospects have in all likelihood, a career in tech companies with good incomes but have little savings. Some are so horny to buy, they tap into their retirement funds to get cash for a down payment.
You realize even with a paid off house you still have taxes, insurance, and maintenance that go on forever? How are you going to buy all those tacos when you are old and barely able to get out of bed?
That is why you have a retirement fund! This is another argument that you can have in regards to renting versus buying.
If renting gives you more funds to save for retirement, this may be a better option. This is especially true for tech companies in the early stage that transform dramatically. This loan has a market because the music is starting to run out on this inflated market.
You are starting to run low on investors: So with investors running the numbers and realizing prices are crazy, time to tap into the rental market: We wanted to find a solution to this growing problem and help our community.
Let us help the community by keeping prices stupidly high and putting borrowers into a precarious final situation with no equity from day one. The same argument all the house lusters make. Rent is flushed down the toilet so why not build equity?
San Francisco is running a bubble in housing and a bubble in tech.Nov 12, · "40 Million Dollar Slaves," with Bomani Jones — Race Scholars at Rice - Duration: Program for the Study of Ethnicity Race and Culture 15, views.
Aug 13, · In Forty Million Dollar Slaves, William C. Rhoden takes a different approach, filled with poetic brio and passionate argument. Rhoden’s book has received endorsements from such well-known.
A. P. Giannini -- the People’s Banker.
This 5 page report discusses A. P. (Amadeo Peter) Giannini (), one of the most influential forces in the development of the . Christopher Bollyn is a well-travelled writer and an investigative journalist who has done extensive research into the events of September 11, , the conflict in Middle-East and the health effects caused by exposure to depleted uranium.
Jul 23, · The hero, however fleeting, of “$40 Million Slaves,” Foster wanted entire black franchises to join the majors, not only individual players. (which made about $30 million for the team. story Pine Street Tower is approved. A story building with units has won environmental and design approval from the city of Seattle.