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Orange Blooded [2695]
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Kevin O'Leary can beotch and moan about NY State all he wants
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Feb 20, 2024, 11:55 AM
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He has labelled NY and California as loser states. And states like TN, WV, OK as winner states because of their tax policies. If he knows he can build his data center more efficiently in West Virginia, why does he care so much about New York policies?
It is on top of his notion that the Trump verdict has struck fear into the hearts of all the big shot wall street investors that the state depends on for tax base. Never mind that these same investors have for years laundered more mafia money in Manhattan real estate than Al Capone could have ever dreamed.
https://x.com/KanekoaTheGreat/status/1759639865174729101?s=20
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All-TigerNet [13191]
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Yea, he's talking about Wall St. investors...lol***
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Feb 20, 2024, 12:03 PM
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All-TigerNet [11239]
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Hes a billionaire twidder and tv star
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Feb 20, 2024, 12:09 PM
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Laws don’t apply to him either.
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Orange Blooded [4816]
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Re: Kevin O'Leary can beotch and moan about NY State all he wants
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Feb 20, 2024, 12:42 PM
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When people's words and actions tell you that they hate you, you should believe them.
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110%er [5712]
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in this case he is spot on
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Feb 20, 2024, 5:43 PM
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CA and NY rank at the top of any chit show list.
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110%er [7168]
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Re: Kevin O'Leary can beotch and moan about NY State all he wants
Feb 20, 2024, 9:54 PM
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The exodus of big real estate developers and builders from NY State won’t happen as quickly as the current truckers’ boycott of NY City.
It will happen, however, because the big guys know, despite Gov. Hochul’s ‘assurances’ that the Trump judgement is unique … never to be repeated, that NY State prosecutes businessmen that they don’t like, as opposed to businessmen who do business same as the other businessmen.
If you meet someone who thinks that this is a good thing (I.e., big business leaving NY State), then you’ve met a fool.
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Head Coach [799]
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Re: Kevin O'Leary can beotch and moan about NY State all he wants
Feb 20, 2024, 10:10 PM
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If you really want to understand the hot destinations for new business and the states to avoid for new business, talk to an economic development professional.
GA, AL, TN, SC are crushing it with new manufacturing, electric cars, gas, cars, batteries, etc.. These states are crushing it. Been crushing it for about two years.
At the same time, if you want to see the state that new business is avoiding, look at Florida. Nobody will set up substantial business in Florida, except for a finance outfit that can come and go quickly. Folks are avoiding Florida because of the anti-business retribution cooked up by Ron DeSantis. Then he puts a bunch of anti-business nut cases in public positions; folks don’t want big government. We all want less government. Ron does not get it.
NY will not suffer at all from this case.
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Head Coach [799]
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Re: Kevin O'Leary can beotch and moan about NY State all he wants
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Feb 20, 2024, 10:24 PM
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OLeary is 100% wrong on this issue. He does not understand the secondary mortgage market.
If lots of borrowers are allowed to blatantly lie on loan applications then the loan will not be priced correctly in the secondary market. Buyers might pay too much for that security sellers might receive too little for that security.
When investors lose confidence in the secondary mortgage market, the primary mortgage market slows and interest rates jump, potentially a lot, depending on how much faith is lost in the primary and secondary mortgage markets.
If the primary mortgage market slows any significant amount, the entire economy takes a big hit.
The secondary mortgage market has been a foundation of household wealth in the United States since post World War II. Next time you’re in a foreign country, ask them about the parameters of a typical residential loan. Residential borrowers outside the US typically don’t have access to mortgages as we do in the United States.
It’s getting better in a lot of countries, but they often don’t have access to the low fixed rates and modest down payments that we do in the US. We have such an efficient market place for mortgages in the United States because we have rules / regulations and they are followed most of the time.
Lying on loan applications is serious shlt. It is 100% unethical and damages the reputation and the stability of the mortgage market, the American economy and long-term household wealth.
All Americans that currently own property or plan to own property in the future are victims of the crimes that Donald Trump did commit.
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