Buzzbomb Sloth

BS engineering, Afghan war vet. from SF bubble. sloths are tight

[Buzzbomb Sloth @buzzbombSloth]

@JesseKellyDC So why don’t you name names

[Do Better Denver @dobetterdnvr]

🚨 WSJ just dubbed Denver “America’s Emptiest Downtown” 😬

California developer Asher Luzzatto just scooped up two prime downtown towers (621 & 633 17th Street) for a fire-sale $3.2 million.

Now Denver’s DDA is handing him a $63 million low-interest, taxpayer-backed loan to turn them into ~700 apartments… including a “vertical village.”

At least 70 units will be income-restricted.
Will they be filled with problematic voucher tenants who bring crime, drugs and chaos?

Meanwhile Denver already has nearly 4,000 vacant affordable units…an 8.8% vacancy rate (a 10-year high!!)

Denver County is losing residents through net negative domestic migration.

Yet the cycle continues:
🔥 Let crime & chaos destroy downtown
💰 Out-of-state developers buy distressed towers for pennies
🏗️ Promise shiny “affordable” conversions
💸 Raid public coffers (DDA’s debt capacity is now in the hundreds of millions) to subsidize the deal

Why are we building more subsidized housing when thousands of units are already vacant?

Who exactly is this helping…besides developers and insiders?

#DoBetterDenver #ddawatch

[Buzzbomb Sloth @buzzbombSloth]

@plzbepatient How did he get the land? Is he using the same bs immigrant gov programs the Somalians do?

[FischerKing @FischerKing64]

In a stable money society, the only thing a person needs to know is to spend less than he earns, and to save. Such a society is perfect for the middle class that just wants to build a home and continue the society.

And it’s better for interest rates to be moderately high, so he can earn bank interest - because the average person has no time or inclination to engage in stock and real estate speculation. Higher interest rates also mean house prices are lower - because they are a place to live and not a speculative investment.

The only people who win on low interest rates are sophisticated schemers who can borrow at zero and make wild investment bets. If they go bad they walk away or file for bankruptcy on the special purpose entity set up for the play. If they score - they take all the gains, and then go on TV and claim special knowledge to credulous CNBC hosts.

We are living in a casino capitalism society that works against middle class savers who just want to contribute to their community.

[Buzzbomb Sloth @buzzbombSloth]

@parkeralewis Just insane

[Buzzbomb Sloth @buzzbombSloth]

@OpenSourceZone Why is Utah a red state giving an extra seat to democrats?

[Buzzbomb Sloth @buzzbombSloth]

@RG_Leachman Where is this

[Buzzbomb Sloth @buzzbombSloth]

@Cernovich How about no consecutive terms

[Charlie Bilello @charliebilello]

The Fed expanded the money supply by nearly $9 trillion under Powell.

Inflation has averaged >4% per year over the past 6 years.

Powell's explanation? It was nearly all due to rolling “supply shocks" over which the Fed has no control.

The truth: this inflation was made in Washington as it always is - from too much government borrowing/spending and too much government creation of money.

[Buzzbomb Sloth @buzzbombSloth]

@unusual_whales Or just stop printing money

[GodlyAction @GodlyAction]

"And when you pray, do not be like the hypocrites. For they love to pray standing in the synagogues and on the street corners to be seen by men."

- Jesus

[Buzzbomb Sloth @buzzbombSloth]

@LigmaMael @1Nicdar Where is this beach?

[bumbadum @bumbadum14]

This world was ripped from you so that boomers 401ks would go up during Covid.

[Buzzbomb Sloth @buzzbombSloth]

@SamaHoole So should I get olive oil or brine based?

[Kaitlin Bennett @KaitMarieox]

"Show me just what Mohammed brought that was new, and there you will find things only evil and inhuman, such as his command to spread by the sword the faith he preached." - Pope Benedict XVI citing Byzantine Emperor Manuel II in a speech on Islam

[Charlie Bilello @charliebilello]

"But I'm a senior and most of my net worth is tied up in my house which is fully paid off."

That is not a compelling argument to suggest you are more in need than younger workers who are faced with much higher housing costs because they don't own a home outright without a mortgage. A senior who has a lot of equity in their home can also take out a reverse mortgage, sell their home and downsize, or sell their home and rent. They have many more options if they are struggling than someone who doesn't have assets.

I'm almost always in favor of lowering taxes because of the rampant fraud/waste in government spending, but tax policy should be fair above all else. And this is anything but fair - you're literally giving the wealthiest age group of Americans the biggest tax cut. Give an extra standard deduction for all age groups or no age groups.

[Buzzbomb Sloth @buzzbombSloth]

@RedEaglePatriot This defense of trump is pretty weak. He could take a far more serious stance on legal immigration, but refuses

[Buzzbomb Sloth @buzzbombSloth]

@thepowerfulHRV This is why inflation was so bad after Covid. The government will never learn and the media will never hold the fed accountable. Only solution is to get out of dollars

[Buzzbomb Sloth @buzzbombSloth]

@thepowerfulHRV What the hell

[Buzzbomb Sloth @buzzbombSloth]

@Cernovich That’s total cope. The senate has nothing to do with this new bump in visas or the decision to take on Iran.
Plus, the positives simply aren’t enough. If they were, we wouldn’t be looking at a blue wave in November