Twinpilot
"Obey Me!"
- Joined
- Sep 2, 2008
- Posts
- 21
55-60 furloughs and 64 displacements.
56 furloughs to be announced Monday. Displacement numbers still undecided.
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55-60 furloughs and 64 displacements.
Maybe a LGA base, maybe DTW?
How do the banks actually "make more long term" by sitting on property they can't sell? What about all the maintenance, property tax, dwindling resale costs? The banks don't want this crap-they sure as hell don't want to repo some craphole in East Point or College Park which can sell for $35K when they were forced (by the Feds) to write $95K in loans on the dump.
-How the heck do you make money on that? Please enlighten me!
Simple- the banks artificially meter the number of houses on the market. The longer they wait, the more things stabilize, and the more they will eventually get out of the houses as the housing market balances out. Maintenance- they're torn up anyway. Regarding the taxes- isn't that a reason so many of the governments are broke- loss of tax money from sources such as property tax, income tax, and sales tax?
Spin it any way you want, but when someone with perfect credit can't get a decent loan for any reasonable amount of money, something is wrong. Especially with the amount of government subsidy they've taken. That's alright- I've found that the smaller, community banks are easier to deal with, and more interested in resuming business.
Simple- the banks artificially meter the number of houses on the market. The longer they wait, the more things stabilize, and the more they will eventually get out of the houses as the housing market balances out. Maintenance- they're torn up anyway. Regarding the taxes- isn't that a reason so many of the governments are broke- loss of tax money from sources such as property tax, income tax, and sales tax?
Spin it any way you want, but when someone with perfect credit can't get a decent loan for any reasonable amount of money, something is wrong. Especially with the amount of government subsidy they've taken. That's alright- I've found that the smaller, community banks are easier to deal with, and more interested in resuming business.
Chief Pilots are in progress of calling the 56 pilots not protect by the furlough clause, effective 9/1/2009.
Tell me this is not true? Not good at all. I think I am going to take a year leave and start finding a new line of work because this industry has hit rock bottom.