Finance Is Ruining America

Discussion in 'Economics' started by Banjo, Sep 28, 2016.

  1. Banjo

    Banjo

    Buildings can present multiple problems. Bringing them up to code alone can require more than the effort is worth, before that the area/neighborhood is the primary hurdle. Unless the city councils change the zoning, disrupting the present inhabitants lives, it simply wont be possible. there are many examples of succsessful "gentrification' in the U.S. It takes govts, banks, anddevelopers working in concert and that takes years to accomplish.
     
    #11     Sep 28, 2016
  2. qxr1011

    qxr1011


    who determines what is right?

    he-he

    i came up from the society where somebody determined what it is right and make others to do whats right.. .. this society collapsed

    now i live in the society where what is right mostly determined by individual himself and for himself...

    much better...

    so lets leave up to everybody to determine what is right for himself and only for himself
     
    #12     Sep 28, 2016
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  3. d08

    d08

    That's the obvious answer and probably right. It also means people don't value "real" structures and would rather live in cardboard houses build to cost.
    I've seen so many Soviet era factories converted to residential and commercial spaces with great success. Buildings in worse condition.

    It's also likely as others pointed out that the local government is procrastinating and not dealing with the problem. If the structure is still solid then bringing it up to code shouldn't cost more than building from nothing.
     
    #13     Sep 28, 2016
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  4. Humpy

    Humpy

    In the UK we used to build tower block accommadation for the poor. They didn't like it. What with the residents throwing their garbage down the stairs and youngsters flying down the corridors on motor bikes etc. Maybe low rise, say 5 floors and 1 flat on each floor plus a piece of garden is better. Couldn't be much worse than Las Vegas storm drains etc.
     
    #14     Sep 28, 2016
  5. zdreg

    zdreg

    3 rules of real estate location, location and location.
     
    #15     Sep 28, 2016
  6. Humpy

    Humpy

    Locations can be improved. The East of London used to be squalid slums but now Islington, Canary Wharf etc. are now being invaded by upwardly mobile youngsters.
    The nice Victorian terraced houses in West London are being bought up by Russian, Middle Eastern etc. rich as second homes.
     
    #16     Sep 28, 2016
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  7. birzos

    birzos

    Doing the right thing is balancing what's good for you against what is the greater good. But, as other people balanced your life you will do the opposite and balance your own, for every action there's an equal and opposite reaction.

    Because to bring it back to neutral you have to 'write off' the past, and most cannot do that, it's just simple psychology. It's not wrong, only that no one was there to help you in your hour of need so why should you help anyone else, and you can't argue with that.

    The only problem is that the people who need the help are the people who cannot or will not ask for it, they are caught in a double-bind. Doing the right thing is filtering these people from the rest, those who have made it out have the skills to help other people help themselves, very few do and so society regresses.

    Finance is used to hide the truth and the past, it's the ultimate smoke screen and why it's so revered by all. The reason finance is running wild, everyone has a lot more to hide these days! How do you become wealthy and also do the right thing, have nothing to hide from yourself or from other people but at the same time keep it to yourself helping others at arms length with your knowledge.
     
    Last edited: Sep 28, 2016
    #17     Sep 28, 2016
    931 likes this.
  8. newwurldmn

    newwurldmn

    Not to mention environmental issues. A lot of old loft like manufacturing buildings have poisons in the ground when they used to just dump chemicals on the floor back in the day. I bet Bridgeport has that problem. A lot of old manufacturing cities in the northeast have that problem.
     
    #18     Sep 28, 2016
  9. newwurldmn

    newwurldmn

    I think finance has created an enormous brain drain for other areas of our economy.

    I also think finance has created a short termism mentality that has prevented long term investment - that's where the Chinese have been very smart.
     
    #19     Sep 28, 2016
  10. qxr1011

    qxr1011

    greater good is the most dangerous thing in the world

    the worst crimes in humanities, genocides, all were done for greater good

    why do not we substitute good (the idea) with goodness, or better kindness (movement of the heart) on personal level

    the major difference - kindness always on personal level , greater good requires mass involvement, and punishments of those who refuse...

    one want to be kind - he can take all his money and invest in remodeling those abandoned buildings... oh no, one will not do that ... he-he ... there are limits of kindness

    instead he will promote the greater good , and under the flag of greater good will make others to pay for his ideas of good
     
    #20     Sep 28, 2016
    931 likes this.