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TERRIFYING:  Supreme Court Attacks Real Estate Investors  |  Episode 90

TERRIFYING: Supreme Court Attacks Real Estate Investors | Episode 90

FromSelf Directed Investor Talk: Alternative Asset Investing through Self-Directed IRA's & Solo 401k's


TERRIFYING: Supreme Court Attacks Real Estate Investors | Episode 90

FromSelf Directed Investor Talk: Alternative Asset Investing through Self-Directed IRA's & Solo 401k's

ratings:
Length:
8 minutes
Released:
Jun 26, 2015
Format:
Podcast episode

Description

The SUPREME COURT leveled a massive attack against REAL ESTATE INVESTORS in a huge ruling from yesterday.  This one is big, folks.  I’m Bryan Ellis, and I’ll tell you how they’re stealing your rights again right now in Episode #90----------It’s a somber time as a real estate investor, and a somber time as an American. Yesterday, the US Supreme Court issued major rulings that make it imminently clear that the plain language of a law is not the standard by which the court will rule.  Rather, they’ve ruled egregiously in favor of the expansion of federal power, and against YOUR RIGHTS as a citizen of our once great country.You may think I’m referring to the ruling about Obamacare, the law which is already a disaster from any perspective.  And yes, that case was CERTAINLY an example of ignoring the language of the law in order to expand federal power.  There’s simply no arguing that point.But the case I’m referring to, which is so huge and so distinctly NEGATIVE for real estate investors, was between the Texas Department of Housing and the “Inclusive Communities Project”.So here’s what the case was about… and why it’s terrifying for real estate investors.  The question that the court had to decide was this:  Are you guilty of racial discrimination if you have no policies that have racial discrimination as an objective?Yes, that’s a convoluted notion… as is the entire case… but I’ll give you an example to clarify it:Let’s just say you live in a neighborhood and you also own a rental property in that neighborhood.  You’ve got kids, and you want to keep them safe.  And let’s say that you have a real conviction that you will not serve certain types of people with your rental property, in order to keep your family, and your neighborhood, safe.  The standard you’re using to filter out dangerous people… well, it’s completely objective.  And it’s not random.  You see, the group of people you refuse to service is convicted sex offenders.  You refuse, in principle, to serve such egregious scum.Fair enough, right?  Your property, your decision, right?Of course, there is the issue of the 1968 Fair Housing Act, a law that makes it illegal to discriminate in housing matters on the basis of race and a few other issues.But that’s not an issue for you.  You’re not a racist to begin with.  You’re happy for any qualified party to rent your property, regardless of their race… so long as they’re not a baby rapist.Guess what?  You’re quite certainly guilty of racial discrimination.Yep, that’s right.  And the lawsuit that results from it is going to be very expensive and will likely crush your financial objectives.So, how are you guilty of racial discrimination, when the parties you’re actually filtering from your rental property are baby rapists?Well, here’s the thing:  If the universe of people who are convicted baby rapists in your area happen to be mostly of a racial minority, then you are – according to this absolutely STUPID, INSULTING and TERRIFYING ruling – YOU are guilty of racial discrimination.Yep, you heard that right.Because you’re trying to protect your family and your neighborhood from baby rapists…Because you’re unwilling to provide housing to people who sexually assault children…Because you have standards of behavior which say that you won’t allow your business to benefit people who would rather RAPE your children rather than say hello to them…Well, you’re a racist.That’s right.  That’s what this decision from the Supreme Court effectively means for you.The judges who decided this are:  Anthony Kennedy, Ruth Ginsburg, Stephen Breyer, Sonya Sotomayor and Elena Kagan.To each one of those justices, I say:  GO TO HELL.  Making bad decisions as judges is one thing.  Making it ILLEGAL for Americans to protect their families is entirely another.  Making it illegal for people to live out their values in their business is REPUGNANT.  Each one of you judges are horrible human beings.A child rapist… no matter what his skin color… doesn’t deserve o
Released:
Jun 26, 2015
Format:
Podcast episode

Titles in the series (100)

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