Nimby's, Flippers and What Would Jesus Do?

From Harry Dent's missive Singapore: The Next Global Domino To Fall In Real Estate:

"In San Francisco, the locals particularly hate large tech companies like Google, who are forcing them out of their neighborhoods in the Bay Area."

We Nattered: Exodus for the locals was 20+ years ago, forced out by yuppie scum and the worst variety of wealthy litigious NIMBY ass-wipes and pretentious douche-bags. When your overbidding and sending essays with photos of your kids and pets as a plea to the seller, something is grossly wrong, with your mentality. If this wretched hive of scum and villainy is getting forced out, well I can only imagine what kind of uber wealthy idiotic slime is now taking over. Karmic justice, they deserve each other.

Mr. Dent commented on measures taken by the Singapore government to combat speculators and flippers: "Those in charge instituted a succession of strong measures to curb foreign buying and speculation in general. The first was an up-front property sales tax of 18% for foreign buyers… ouch! The second was additional taxes on properties that were flipped: 16% within one year and 12% within two years. The third step Singapore's government took was to cap the amount of debt a borrower is allowed to take on compared to their income."

The Nattering One mused... If only we only had the brains, balls and virtue to match Singapore's lead. But alas our moral turpitude will not accommodate such righteousness. And not just for foreign buyers, stick to them even harder, but domestic as well. The speculators, flippers, investors and landlords need to be put in shackles and driven out of the market, so that normal folk, can have an affordable place to live the dream. Ah, but that's nothing more than an urban myth from the "daze" of yore...

Go ahead, keep chasing the bag, inexplicably bidding up asset classes into unjustifiable bubbles, while turning your home, backyard and nation into an ATM, inside a graveyard of debt and a bankers morass. I am not religious in the least, but a hint at the solution can be found in what is the only documented act of violence in this man's life when he said:

"Is it not written, 'My house shall be called a house of prayer for all the nations'? But you have made it a den of robbers." We Nattered on that event here.