That, of course, is just another Tramp lie, as you probably well know. https://www.washingtonpost.com/news...losures/?noredirect=on&utm_term=.98fdfc2b8289 “Goofy Elizabeth Warren, sometimes known as Pocahontas, bought foreclosed housing and made a quick killing. Total hypocrite!” — Donald Trump, in a tweet, May 25, 2016 Donald Trump accused Sen. Elizabeth Warren (D-Mass.) of being a hypocrite after Warren attacked Trump for saying, before the housing bubble burst in 2008, that he hoped to profit from a downturn in home prices because of a real estate bubble. (As our colleagues at PolitiFact noted, Trump actually failed to predict the magnitude of the financial crisis, saying he didn’t think the real estate market would “take a big hit.”) Trump alleged that Warren herself made a “quick killing” in the real estate market by buying foreclosed housing. Warren fired back with this tweet: Elizabeth WarrenVerified account @elizabethforma .@realDonaldTrump: I helped family buy their homes and out-of-work construction worker relatives make a living. I’m proud of that. 10:18 AM - 25 May 2016 A reader was curious whether Trump actually had a case. These real estate transactions caused a brief flurry in the conservative-leaning media during Warren’s 2012 Senate run, when Warren was accused of “flipping” homes. The Boston Globe recently published a detailed look at Warren’s real estate purchases but as far as we know, no one has compiled a comprehensive list of the transactions so readers can see for themselves. The Facts Flipping is generally defined as buying and selling a property within six months, sometimes after extensive renovations. But Warren in her tweet said she assisted her family members (primarily an older brother and a nephew) who at the time were out-of-work construction workers. Warren came from a lower-income family but has an estimated net worth of $7.5 million, according to the Center for Responsive Politics, largely as a result of writing best-selling books and being a tenured professor at Harvard Law School. We located 25 real estate transactions in the Oklahoma City area related to Warren’s family and 21 mortgage loans made by Warren to her family members. We found only four transactions involving foreclosure property, two made under Warren’s name. Most of the transactions took place in the 1990s and early 2000s, with Warren’s last loan being made in 2007. The records show that Warren in 1992 made mortgage loans to her brother and her sister-in-law, but then in 1993 and 1994 directly bought four homes herself, which her relatives apparently renovated. After 1994, she reverted to the practice of essentially acting like a banker to her family members, making 19 loans between 1994 and 2007 while purchasing no property herself. (A fifth home, purchased in 1991 by her husband, Bruce Mann, was for her parents, where they lived until they passed away, according to Warren spokeswoman Lacey Rose.) While some conservative media have suggested she charged higher-than-average mortgage rates, that’s impossible to determine because mortgage rates vary with the creditworthiness of a borrower. Presumably if her relatives (who may not have had steady employment) could have received lower rates from a bank, they would not have relied on Warren. Over time, the mortgages were paid off; in 2014, her brother paid off a mortgage made in 2007. In many cases, Warren advanced a loan that was worth more than the purchase price of the property, indicating that her relatives were using the additional money to purchase supplies for renovations. The costs of those supplies — and the labor involved — are not reflected in the difference between the purchase and sales prices, so the actual profits, if any, cannot be determined. Moreover, few of these transactions were “quick.” Most of these properties were held for years. There is one case that stands out: a 1993 purchase by Warren of a house for $30,000 that was sold five months later for $145,000. The grandson of the woman who sold the house to Warren later told the National Review that his grandmother had let it “fall into disrepair.” The house was renovated by Warren’s out-of-work family members, but it’s unclear how much the materials cost or what the actual profit was. This home was not in foreclosure when Warren bought it. As for the properties purchased while in foreclosure, Warren bought one for $4,000 and transferred it more than a decade later to her brother and sister-in-law. It was sold for $30,000 after being in the family for 13 years. Another foreclosure property was sold by Warren after 18 months for a gain of $34,000, or 55 percent. That’s a relatively fast turnaround compared with the other properties, but it doesn’t qualify as flipping. As the following list shows, only a handful of properties were held for less than two years. Moreover, these were not Trumpian deals; these were often tiny, inexpensive homes worth only a fraction of the $500,000 limousines that Trump tools around in. The most expensive home sold for a tad more than $200,000, while many of the others were worth less than $100,000. In a period of rising real estate prices in Oklahoma City, only one property was sold at an apparent loss. One home financed by Warren was sold within two months — for a gain, before renovation costs, of $4,500. That’s not necessarily high finance.
Whoosh. Way to massively miss the point. No-one is saying he has done anything illegal. No-one is saying he has done anything immoral. What they are saying is that he is a hypocrite for railing against the global elites and "socialism" while being one of those elites and accepting millions in handouts himself. If anyone wants to deny that he is a hypocrite, I would be interested to hear the justification.
The left doesn’t have anything else so they’re going after private citizens now. Pathetic & desperate the left has become.
What is the worth of Hannity? His ONLY utility, is in pissing people off. And coming up with inflammatory, un-American conspiracies.
The program you speak of was designed to help homeowners revitalize properties that they could live in. It was NOT designed to help large corporate entities and you know it.
Having money on its face does not make you a "liberal elite" and what handouts did he get? HUD foreclosed on properties the real estate firm that manages his holdings spent his money to purchase some. HUD had a program to guaranty loans on some of these to encourage developement. So what? "that many of the properties were bought after banks foreclosed on their previous owners after the Great Recession. The companies also appear to have obtained mortgages insured by the U.S. Department of Housing and Urban Development", http://www.latimes.com/nation/la-fi-ct-hannity-real-estate-20180423-story.html What's the complaint here except silly specious attempts at the invective.
Read the OP. Some of his propertires used a HUD loan guaranty program to retalize depressed areas. You know why some here are trying to call him a "slumlord" now.
Help me understand.... only Democrats can buy HUD foreclosures? Is that the gist of this ranting thread? How dare a wealthy Republican purchase HUD forerclosures, even though nothing Sean Hannity did was illegal?
Sean Hannity is a mere private citizen now, huh? Why do you applaud it when Trump goes after private citizens?
Let me know when you run across a liberal who rails against the HUD welfare programs while simultaneously abusing HUD money to benefit themselves financially. Or you could find me a liberal journalist who interviews the HUD director, rails against the wasteful spending, while simultaneously failing to disclose that they personally benefit from some of that wasteful spending.
Actually it is conservatives who favor such programs to get investors to purchase and rebuild rather than have the government do it which usually ends up in huge cost overruns and subpar materials and construction. Private/Government partnerships are no anathema to conservatives. You know you are letting your hate of Hannity cloud reasonable judgement here.
No wonder Hannity and the Trumpster get along so well. Little Donnie Trump had a welfare queen for a dad. Who ripped off the government building low-income housing. Even Woodie Guthrie hated him and wrote a song about it in 1950.
How is he abusing it? Come on now you as a lawyer know power of language you used that word for a reason.
He is abusing it because he is a multi-millionaire using government funds designed to help those who can't afford the price of housing.
You mean by buying forclosures ( cant live there) fixing them up and then making them livable is a bad thing? Do you think more housing is a bad thing for the poor?