There is no other way to describe the spate of last minute flyers coming our way. The one below tells us how simple this all is: “Either you want money or you don’t”. This reads as the not so smooth come-on of a con artist attempting to manipulate people with doubletalk. Privatization is not by any stretch of the imagination the win-win that some would have you believe. Privatization at SBT is pure speculation with real world risk (just read the Special Risks section in the Black Book and a few of the posts here, including this one).
Equity is the new privatization buzzword. Of course, equity really means that you can put your home up as collateral to get a loan. I have already heard someone here on a fixed income say that should their overhead go up at SBT they would be able to get a loan to help out. Really bad idea. Should you not be able to pay back that loan – plus interest – you will lose your home. I also like how this flyer talks about Mitchell-Lama as “Big Brother.” I wonder if this person had this sentiment when they moved into SBT. I doubt they had a problem with “Big Brother” then. The author of this flyer reveals obvious ignorance when he writes “everything is so favorable” – have you even read the Black Book or taken any notice of the real economy out there? Give me a break, ignorance only goes so far. Unlike you, what I see at SBT is overwhelming disgust at the deceptive flyers coming from privatizers who believe they can trick others with their wishful thinking sales patter.