Quote:
Originally Posted by To Be Quite Honest
The quality of builds is crap. I owned a suburban home built in 2002 and it was crap (tank god I don't have it anymore). Every house I visited on the block was crap. In fact most houses built after 1994 have been crap. I have a family member that was involved in house construction with his own business for 15 years and this was his opinion. The materials and training are subpar and yet we pay ridiculous amounts for these homes...
This was opinion. Homes should not cost $300 000 to build. Materials do not cost this much.
Now being that this is not the Occupy Calgary thread lets get back to the main discussion shall we. AFC took a part of my previous post and turned it solely into a homes discussion.
"Savings in particular have been stolen in the USA causing MASSIVE world economy collapses. It isn't some insignificant glitch, it was a calculated system wide money grab by financial corporations. What happens when a corporation fails? Well if your phone breaks, or your computer stops working you probably can't get the warranty work, but if a financial corporation fails by the deliberate actions of investors and employees does that money go back to the people? Nope, it stays with the thieves who took it because of corporate law. Now MILLIONS are out of savings and homes and they want to do something about it..."
So when an irresponsible financial corporation dies and all it's money has bled out to the owners pockets what happens? The people sure don't get it back. These owners don't go to jail. This is the main issue at occupy<insertcityhere>.
Anyway, I think most people are for reform in investing. It's just the "Bankers need to pay back what they took" that some of you have a problem with.
I guess law was manipulated enough over the years for you to believe what was done was okay?
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I'm pretty confused on a number of points here.
First, the house cost issue. Not sure where your numbers are coming from, I assume they're just made up for the example, but there's much more to the cost of a home than the materials used to build it. There's land costs, labor costs etc. to factor in. Why would my apartment sell for over $3mil? It has nothing to do with the materials used and everything to do with the location (Manhattan) and the particular dynamics of the market.
Second, what happens to all the money when a corporation dies? Well if by dies you mean goes bankrupt it gets paid off to creditors. Where do you suggest it go?
Third, why would owners of a corporation (note, a reference to an owner of a corporation could mean a whole deal of things. Are you talking about the board? The CEO? The shareholders?) go to jail because that corporation goes bankrupt? If they did something illegal to cause the failure, then sure, make a case and send them to jail if they're found guilty. Otherwise I don't really see how you justify that.