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Comment: Might read the whole thing yourself (Score 1) 16 16

Took me about 4 hours:

I think if you read the whole thing, you'll find he's a pretty equal opportunity offender, sexual libertarians got a good hundred paragraphs against their lifestyle as well.

Comment: Re: Colorado sure has nice beaches (Score 1) 939 939

That depends on what the "new economic opportunities in an area for certain kinds of people" actually are. If we're talking about gentrification in Silicon Valley because of high programmer salaries then that's probably OK. If we're talking about gentrification in South Africa because of apartheid then that's not OK. Gentrification in historically-black neighborhoods in US cities is somewhere between, and the degree to which it's OK depends on how much of the difference in affluence can be attributed to the lingering effects of segregation.

Comment: Re:sigh... (Score 1) 939 939

  1. 1. Offer sub-prime mortgages to people, enticing them to buy houses they can't afford them long term. Profit.
  2. 2. Repackage the bad parts of the debt and sell it off to chumps (like the retirement plans of the mortgagees from step #1). Profit again.
  3. 3. Foreclose on the mortgagees when they stop being able to pay. Profit a third time.
  4. 4. Use the huge losses on paper (because the foreclosed houses are now worth less) to get a gigantic bailout from the government. Profit a fourth time.
  5. 5. Incorporate an REIT and buy up almost all of those houses at below-market value. Profit a fifth time.
  6. 6. Rent them back out (at inflated "post-recovery" market rates) to the same poor chumps whose life savings you stole in steps #2 and #3. Profit a sixth time, and again and again, and then profit some more!

Unlike so many Slashdot business plans, this one requires no ellipses.

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