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So if a bank (or any other company) sustains losses and can't raise its prices to compensate what else can it do?
1. Go out of business, which eliminates competition and thus raises prices.
2. Provide less services which is the "other shoe" to raising prices.
Either way, the bank won't eat the loss totally, it will cost the taxpayers and consumers of Routt (and other) County[ies].
And you are right, Scott, that the biggest cost might be that the County, City, and the entities it creates to save the world all become known as welchers and all financial entities jack their rates accordingly.
Either way, it is the taxpayer and consumer who will get screwed... as usual.
As they should.
So, here is an entity created by the City and County (thank you very much), which intends to renege on a promise it made to a company which the rest of the public does business with and which will, consequently be forced to raise its prices to the rest of us to cover it's loss from this weasel that now is going to skip out on its obligations.
But the weasel is not just going to reneg... , nope! An all-to-common "encore" of todays brand of weasel is that it attempts to paint it's victim (in this case the bank) as somehow a "bad guy" for not giving them a "do-over" on 800 grand!
My first reaction/question to THIS part of the story is: Does the City of Steamboat Springs and Routt County seriously intend to allow this entity, it's own creation, to behave this way???
Does anyone even grasp the utter absurdity of even creating in the first place, an entity with a stated purpose of providing "affordable housing" in a world-class ski town? Folks, just click your heels together and say that 3 times "affordable housing in a world class ski town..."
And why, would someone PLEASE tell me, is it/was it the job of government to provide this commodity, this illusive creature called "affordable housing"?
And if this is the proper domain of government then how can it stop with housing??? Why not "affordable groceries"; or "affordable mtn bikes"; or "affordable lift tickets", or gasoline, or ...???
Yet, in the face of reams of empirical data why is there not a groundswell asking the $64 question in all this: Where the Hell is the limit to governments insertion into our lives?
Now that all the cooks have sufficiently spoiled the stew, lo-and behold... the market has intervened, crushing real estate values and creating... wait for it... guess what... "Affordable Housing" !!!
OK everybody, "the coast is clear", you can come get some "affordable housing" in this asylum now.
There is no "cost to the public" when an entity like YVHA stops paying its debt to a bank weith which the rest of the public must do business???
There IS no "comming to terms" with the "do-gooders". They are addicts...addicted to OPM.
Empirical data means nothing to the do-gooders. All one can do is pick up their cash (property) and leave their realm.
When the OPM dries up the do-gooders will be forced to sober up, but not until.
It wasn't good enough for them to destroy California, they want to "fix" the rest of the world too. They are like the Borg. "Resistance is futile... you WILL be assimilated."
As long as there is someone else to plunder in the name of "charity" they will petition the government to put a gun to our heads and make US pay for it..
Maybe you should go out and buy a squirt-gun and some bottled water and end it all, Rhys...
Or, better yet, go soak a few losers who desperately deserve it...
Gee, I wonder if we can get the mice to approve the construction (at others' expense) of a new "cheese factory" in their sleepy little town...
Should be a no-brainer execpt for the fact that the "mice" have been enjoying free-and-legal weed for how long...???
Is there ANYTHING, at ANY TIME, in ANY CONTEXT, in the face of EMPIRICAL DATA, which would cause you champions of the "fix-it" state to EVER, EVER, EVER feel like complete and total SUCKERS???
The Offended States of America...populated with ostridges who refuse to believe there could be any evidence of man's fallen state in their little picture perfect Utopia; and not only refusing to acknowledge it, but casting their ire towards the painters of the not-so-Utopian picture.
And not ONE of these clowns would bother to condemn the person who is actually responsible for bringing all this grief into this community.... I wonder if they even know who that is...
Boy, this is a big problem for some people.
When it was individuals "dumping [their] responsibilities and debts" and otherwise weaseling out of their mortgages by using bankruptcy laws I don't recall hearing anything about that "outrage".
Of course this is dishonest, or at least it appears that way.
But why is that a problem? It is legal, right? I seem to distinctly remember Scott, in particular, using that EXACT argument a few months back... about how something was "legal" and therefore, OK...
Wonder why more people don't take responsibility for their OWN retirement, healthcare , and pensions?
People have become programmed to expect "others" to tend to their needs/obligations. Their employer pays their taxes, pays their healthcare, does their retirement savings for them. Their government assists with their retirement (social security), medical bills, disability savings, unemployment compensation, and now healthcare such as it will be.
And we wonder why more people are not prepared to stand on their own 2 feet...
Frankly, I see more of a sense of personal responsibility from birds with brains the size of a grape than from most of the American people. The birds are up every morning making a living and they are still at it come sundown. They know better than to depend on others to fulfill THEIR self-interest.
Last login: Wednesday, June 12, 2013
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