The Hypocrisy Spirit is great with this one.
The Boston Herald did a little investigative reporting earlier today and discovered that Democratic Senate candidate (and self-styled inspiration for the Occupy Wall Street anti-capitalist movement) Elizabeth Warren herself spent the 1990s buying up foreclosed homes at rock-bottom prices, and then quickly fixing them up a bit and re-selling them at huge profits — the exact same “predatory” behavior she criticized in others.
Let the Boston Herald tell the tale:
Elizabeth Warren, who has railed against predatory banks and heartless foreclosures, took part in about a dozen Oklahoma real estate deals that netted her and her family hefty profits through maneuvers such as “flipping” properties, records show.
A Herald review has found that the Democratic U.S. Senate candidate rapidly bought and sold homes herself, loaned money at high interest rates to relatives and purchased foreclosed properties at bargain prices.
Land records from Warren’s native Oklahoma City show the Harvard professor was active in the often topsy-turvy real estate market in the 1990s, including:
• Purchasing a foreclosed home at 2725 West Wilshire Boulevard from the U.S. Department of Housing and Urban Development for $61,000 in June 1993, then selling it in December 1994 for $95,000 — a 56 percent mark-up in just 18 months.
• Buying a house at 200 NW 16th St. for $30,000 in August 1993, then flipping it for $145,000 — a 383 percent gain after just five months.
…continuing with a long list of flipped foreclosures.
Next she’ll tell us that it wasn’t foreclosed houses she profited from, but foreclosed teepees.
Seriously, how can this woman look at herself in the mirror?
Tipi, not teepee. But Cherokees lived in houses and were known for their woodworking skills. Except for the ones who are 31/32nds white. Tkey live in trailer parks. I bet Lizzie Warren flipped a lot of trailers.
Well, those are not exactly humongous numbers, but if she turned a profit should we at least extend her an invitation to become a Republican?
She also made a couple hundred large helping an insurance company screw asbestos victims.
Between that, profiting from foreclosures and taking advantage of fraudulent racial claims; she clearly has a pattern of benefiting from the misery of others.
She’s truly the progressive mascot.
In the Obama economy, I defy *anyone*–left, right, center, doesn’t matter–to try and recreate that performance.
I’ve described her hypocrisy as having a “bravura quality.” With breathtaking audacity, she ruthlessly profits from actions she then denounces, and evidently believes that no one will notice! Or that, somehow, the actions that are bad according to her rhetoric simply cannot be applied to her. She’s a nearly perfect liberal!
Step right up, folks!
Vote for Elizabeth Warren!
The first woman in the history of the world to run for the United States Senate after having provided the intellectual foundation for Modern American Marxism while flipping foreclosed Oklahoma properties for profit after having plagiarized ersatz ethnic recipes from the New York Times, while being Harvard Law School’s first white woman of color after having been the first woman in the history of the Great State of New Jersey to have taken the bar exam while nursing a child!
“No one got rich on their own.” – Elizabeth Warren
Nope, she had a government-created housing bubble to help her.
This goes well with her “families are getting hammered out there” mantra.
Yeah Sacajawea, they’re getting “hammered” and you’re making money from it. You should send Chris Dodd and Baney Frank a thank you note.
I’m as onto this woman as anyone in the house. Having said that, this article becomes a transparent hit piece when it simply lists gross profits. The Boston Herald makes no mention of the labor and material costs that were part of these transactions, which may or may not have been significant. Proving these costs were minimal would make a much stronger case.
Snapping up distressed, foreclosed homes at rock-bottom prices is proof enough of her hypocrisy, regardless of the percentage profit she made on each one.
She is the 1%. She is the predator.
You won’t find any argument from me regarding her poster child Liberal hypocrisy.
I just don’t like to see us fly off on a balloon that may be easily punctured leaving Mr. Carr filling out the meme of the mean-spirited, half-truth speaking conservative. Suppose she can show (unlikely as it may be) that she actually lost money in a “heroic effort” to aid family members? The left’s reaction to this story would not have anything to do with her obvious hypocrisy.
You are correct, “flipping” isn’t as easy as it seems, and “flipping” foreclosures is something the market needs more of. It’s not even a 1%r kind of thing, I know a number of 50%rs and lower who have dabbled.
The issue isn’t so much with the practice of flipping properties per se. It’s about the hypocrisy of her attacks against others who do it.
She is simply a dishonest, political hack who will stoop to any level to advance her career.
Can we call her a squatter?
Classic case of projection. She saw an opportunity in circumstances that just happened to involve other peoples’ misery. And she took it and profited handsomely. Fine. Now she sees others doing the same thing and feels guilty of her own, uh, “exploitative” behaviors. She expresses loathing against the big banks for what was really her own behavior!
Lizzie, I can recommend a good head shrinker for you.