Housing Bubble, credit bubble, public planning, land use, zoning and transportation in the exurban environment. Specific criticism of smart growth, neotradtional, forms based, new urbanism and other top down planner schemes to increase urban extent and density. Ventura County, California specific examples.
Sunday, February 11, 2007
In Caseyworld™ there is no sin
People here are feeling bad about recent events. There's only one thing to do, take the trolley to a better place. In Caseyworld™ there is no guilt, no shame, no consequences whatsoever. Everybody just find that same special place and everything will be all better. Has anybody seen any hint of responsibility in Casey? I haven't. If I were forced to pick one word, irresponsible would be it.
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72 comments:
Proposed slogan for Caseyworld
"It's all Good!"
Hand puppets and clowns give me the heebie-jeebies, and that guy looks like a child molester. In fact, people who do children's shows; who act like large patronizing children are all equally disturbing. :::bleeaahh:::
Oh for the days of Barbapapa and Postman Pat.
Steph - that guy is the world's beloved Mister Rogers!!!!!!!
"ROTFFCRMEOLMAOACTL - Rolling on the freakin floor, crying my eyes out,laughing my ass off and collapsing two lungs"
dear god, I am still shaking with laughter - Stephanie thank you!!!
My one word would be lobotimized.
Mr. Rogers
actually was a cool guy, never sold out and compared to all the kids tv now....actually tried to instill manners and lessons for kids
Sorry Steph but I got nothing but love for Mr. Rogers! That crayon factory tour was the bomb!
Even as a little kid I thought Mr. Rogers was weird and creepy.
Sadly, I wasn't present in the country during my formative years to enjoy the stylings of the creepy Mr. Rogers... So you must excuse my reaction to his creepiness and his scary little puppet.
Christ, the guy's wearing a cardigan.
I'm the right age bracket to have grwn up with the first wave of PBS kids shows. I lived Zoom, Sesame Street, and The Electric Company. Mr Rogers, not quite so much.
Still, I have a lot of respect for the man. The world could use more folks like him.
Mr. Rogers was my first true love. I was 18 months old. He was in black and white on a 6" screen.
Don't never talk crap about my man! Don't make me go TfMBA on you!
@Sprezz
You and I are probably exactly the same age. I loved all those shows and couldn't wait for Mister Rogers to feed his fish every day. Growing up with a dad with anger issues made me really appreciate the sanctity of MR's living room every afternoon.
All together now boys and girls:
Who are the people in your neighborhood? In your neighborhood?The people that you meet when you're walking down the street? The people that you see every dayyyyyyyyyyyyy!!!!!
bob dawg,
many thanks. I love this blog, and appreciate your effort in making this happen. I wish I had info to contribute (like Homey)
yes, young casey has spent too much time here in the land of make-believe, I presume.
Interestingly, Fred Rogers always made it a point to clearly deliniate what was real and what was "make-believe". That was the whole point for the trolley.
Sadly, those points seem to be lost on my generation (I'm 31), and those younger. The liar loans, robert kyiosakis, MLM gurus, and what not are symptoms of a deeper problem.
There are exceptions for every generation. But, the percentage of people my age I know who are financially literate is staggeringly small. And many of these are highly educated people (PhD, MD, JD, etc) too.
ok, rant off. I feel like my grandfather.
@mel
my dad was emotionally abusive, and I always wondered why my dad couldn't be more like the "nice quiet man" on tv.
my grandfather was alot like Fred Rogers though. Very mild tempered.
As a little kid, I also liked Mr. Rogers, but could never understand why he changed his shoes and cardigan all the time. Quite puzzling.
Cyber hug King Friday. Kids deserve better.
Here's a little secret for you guys - my mother was Miss D on a locally produced Romper Room. I can still remember the thrill as a tiny kid seeing her on TV with the mirror and saying my name as she looked into it.
Made me kind of weirded out about mirrors and mom and sex as I got older tho.
Lol!
The lollipop mirror?!
Both my kids had violently negative reactions the first time they saw Mr. Rogers (they're now 8 and 13).
I later realized that they had both been given "stranger/danger" training at their nursery schools...and Mr. Rogers fit the presented mold of pedophile a little too closely for their comfort.
Yuk.
Looks like we can see what Casey's been up to this weekend:
http://www.flickr.com/photos/sercasey/387385960/
http://www.flickr.com/photos/sercasey/387385959/
http://www.flickr.com/photos/sercasey/387385956/
Looks like he's really committed to this "flipping" concept...
you got it akubi
King:
The symptoms are all around us. Greed and lots of it everywhere you look. Late at night you see commercials claiming to make you rich from selling on Ebay or real estate or whatnot.
Look on the music video channels and you see young men throwing money around like it's no biggie. Big diamond rings, big cars with rims.
Easy credit and lenders that encourage people to live over their means are the norm. I have no problem with credit but it's unfortunate so many don't read the fine print.
But heck, one has to ask who is teaching these people to manage credit better? Kids do learn by example (95% of the time).
That is so amazing. I always wanted to be in the Romper Room ;).
In those Casey photos above...where is he? Did he BUY that trampoline? Is he trying out for a commercial or something?
This is my favorite pic - it looks like his head rolled off
http://www.flickr.com/photos/sercasey/387385962/
dolph,
I agree. but, look at the examples kids have. Enron, Goldman Sachs ($600K bonuses per employee), the 9 figure CEO compensation packages. Kiyosaki, Trump.
all while the average worker faces getting RIFed and having their pensions stolen (if they get one in the first place).
I feel that as a nation we have been sold out by our elite. And all those examples you mentioned are manifestations of the resentment people feel when they begin to realize this. That the American Dream is no longer theirs.
I find an increasing number of people today are actually quite rude and downright hostile. And this is when the economy is supposedly "better than ever". I don't want to imagine what happens if that changes.
I have followed Casey's story since the beginning back in September. He "talks the talk" but doesn't "walk the walk."
He said he plans to "repay every dirty penny" but he has not done a thing to repay any pennies, but rather spend any pennies he has (or for that matter, do not have) are spent on his own immediate gratification and "feel good" efforts.
What is interesting is Casey's idea of "making" money - either as a "job" or "passive income" to - is to cover basic household expenses (i.e., rent, utilities, gas, food, cell phone, etc.). But none of his statements (except, in the terms of his "next sweet deal") have included any plan or idea of how to pay off his countless other debts.
I don't think Casey's wife is any better. Her parents did the best thing possible - withdraw their support for her education. Unfortunately, she went from "Daddy" paying the bills to "Hubby" paying the bills.
If Casey and Galina were interested in taking responsibility they would have gotten multiple jobs, given up on all spending except for the minimal basics, and would have worked their asses off to on making payment towards their debts.
Love to see Casey is enjoying the weekend jumping around on a trampoline..... Now I know how those screws get loose...... or, in Caseyworld, lose?
I have followed Casey's story since the beginning back in September. He "talks the talk" but doesn't "walk the walk."
He said he plans to "repay every dirty penny" but he has not done a thing to repay any pennies, but rather spend any pennies he has (or for that matter, do not have) are spent on his own immediate gratification and "feel good" efforts.
What is interesting is Casey's idea of "making" money - either as a "job" or "passive income" to - is to cover basic household expenses (i.e., rent, utilities, gas, food, cell phone, etc.). But none of his statements (except, in the terms of his "next sweet deal") have included any plan or idea of how to pay off his countless other debts.
I don't think Casey's wife is any better. Her parents did the best thing possible - withdraw their support for her education. Unfortunately, she went from "Daddy" paying the bills to "Hubby" paying the bills.
If Casey and Galina were interested in taking responsibility they would have gotten multiple jobs, given up on all spending except for the minimal basics, and would have worked their asses off to on making payment towards their debts.
Love to see Casey is enjoying the weekend jumping around on a trampoline..... Now I know how those screws get loose...... or, in Caseyworld, lose?
I'm glad things are finally getting back to normal around here.
You guys gotta understand the delicate hand that was necessary. I chose to delete and make obvious I was deleting the worst and most reactionary. I couldn't post my comments to intervene and I couldn't noticably choose sides. I just put up a few firebreaks and let the rest burn out.
Heyyyy.... wadda ya mean "normal?" Them's fightin' wurds. ;-)
King:
I'm with you on this economy. When a middle class family is hit by the Alternative Minimum Tax, that's a problem. I can easily name a few more, but this economy is being propelled by the spending on the war and the medical industry. The quaterly gains are okay but if you dig deep (and apparently you do) we have some serious problems that will manifest in god awful ways very soon.
Too bad most people are living in their own private Matrix like worlds to realize the damage being done by politicians (of both parties) who allow for this crap.
I am all for a free market. I also believe oversight is necessary or else we have the old "fox guarding the henhouse" mentality. I don't support overegulation, but making sure the rules are fair for all (a true free market for big and small).
Agreed, Rob Dawg. It’s all relative (aka “good” in CS speak – or so I interpret), but I prefer the abnormal “normal” over the hostile abnormal.
Always like to give folks the benefit of the doubt and am somewhat disappointed when they neither benefit nor doubt. Perhaps there’s a reason for that.
Stephanie J's comments about Mr. Rogers makes me very sad.
The man is one of my few heroes. Anyone who devotes his life to improving the lives of children in an honest and upfront manner deserves all our respect. This world would be a much better place if we all had half the kindness of Mr. Rogers.
He had the longest running TV show on PBS and for good reason. I can say I am a much better person for having watched him as a child.
I’m kind of in love with Stephanie, so please don’t dis her if she’s not into Mr. Rogers.
It was obvious that Stephanie's comments were uninformed. I am just trying to set the record straight. Mr. Rogers made this country a better place. He is missed.
Mister Rogers kicked Chuck Norris's bee-hind.
It's a beautiful day in the neighborhood...
I still remember the crayon factory tour and the making peanut butter in the ziploc bag. Mr. Rogers was the bomb. Sorry Steph, like many of the guys here, I'm a sucker for a gal from the Northwest (you can just tell), but ya can't be dissing Mr. Rogers.
After Casey finished trampolining, did he eat some chicken or steak with a utensil? Did he fork it dead? Perhaps he then made the acquaintance of a count, or some other fishy royalty. Lord Calvert, maybe. Was an apology necessary afterwards?
"What is interesting is Casey's idea of "making" money - either as a "job" or "passive income" to - is to cover basic household expenses (i.e., rent, utilities, gas, food, cell phone, etc.)"
-- I've said something similar over on IAFF. It's really kind of sad when you think how small his definition of "success" is. He's destroyed his life, and Galina's, in pursuit of a $5,000 / month income. That's an annual after-tax take-home of just $60,000. Two people working average full-time jobs, or one person with a good tech industry job can make that kind of money without breaking a sweat (and without college degrees, I might add).
Did you know the IRS classifies the amount you default on a home loan as “Forgiveness of Debt”, i.e. TAXABLE INCOME?
Not only do you lose your house, the IRS comes calling for their share of the debt you walked away from. In cash. NOW.
under the law banks and some bank subsidiaries are required to file SAR's on federal crimes involving aggregate money over a certain point. It's not an option. If they learn of certain types of activity (or in some cases, if they just suspect it), they must file.
In other words, the kid must already have been reported to the feds, and he is now making a case for his own conviction on his blog. I figure he's already added 5 years to his sentence by helpfully compiling his confession.
Here's a hint: Filing a loan application and lying on it with intent to defraud is a federal crime. Filing multiple such applications takes the plausible deniability out of it. Writing letters to the lenders in your own words explaining that you are buying a house to live in it when you're not establishes that you knowingly signed a false application in order to get money under false pretences. When you got cash-back on the deals, and are still seeking to sell that way, and publish the entire story on the internet, you have pretty much made an iron-clad case that your criminal instincts are as deeply rooted as your stupidity.
Writing on your blog that your wife knew you were doing this (here's hoping she didn't sign the letters) subjects your wife to investigation too. Casey Serin is going out of the country or going to jail. He is one of the stupidest criminals of this century. You only write the tell-all book after you are in the penitentiary. Publishing it for free before you have even been sentenced only makes things easy for the investigators and takes the bargaining step out of the plea bargain. I'm pretty sure that Casey thinks he's being incredibly clever by trying to establish a record that he didn't mean to do it, but he is too stupid and too much of a shyster to manage it. Instead he keeps establishing the opposite. The Dunning Effect rears its ugly head.
I ran into this by accident by following a link to his blog. The only thing I know directly of this is that it appears to be true. According to a couple of RE records I looked up, the kid's name is on at least two of the properties and he "bought" them when he said he did. If I were involved in this more directly, I would have already followed the law and filed the SAR.
I post this as a warning to other people. A lot of very sharp operators are desperate, and the only way out for them is to involve other people in either non-beneficial activity or in outright fraud.
In 1969, the US Senate had a hearing on funding the proposed Corporation for Public Broadcasting, but President Nixon wanted it cut in half for the Vietnam War.
Watch Fred Rogers turn a senator around from one who wants to cut funding to one who is behind him 100% in just six minutes of talking to him. This is good stuff. Casey could take a clue about how to be honest and good and convincing someone to give money to you:
http://youtube.com/watch?v=a41lJIhW7fA
119. Nigel Swaby
February 11th, 2007 at 5:07 pm Casey,
I’m not familiar with this situation, so don’t consider this expert advice. I don’t see that you have much to lose if you sell these rights, but I can’t see an investor wanting to pay all your back payments and take on your loan terms. $250 may very well be all you get out of it.
On another note, I just finished an article on Why it’s different this time. After researching all the numbers, I’m convinced there will be no dramatic national housing crash.
Right Nigel, no conflict of interest on your part. No dramatic national housing crash? Geez whre is your head at? Never mind, I think we all know where it is. It's scumbags like this that tell people, "you'll be able to make the payments, or you can always refinance when your credit is better, real estate only goes up!"
I pegged this guy as a douchebag a long time ago, and the moniker stands. So a has been mortgage broker did research, yeah, like Suzanne researched this...damn cheerleader.
Legion-Notice Nigel's syntax especially the words "you have much to lose?"
He has to be the guy posting all the copyright and libel stuff here.
Gotcha Nigel. I suggest you butt out and mind your own business instead of being Casey's little protector.
I suspect that the little peckerhead has been here more times than he will admit. I also find him even more of a hypocrite since he also once made a remark about how people hide behind a cloak of anonyminity (oookay buddy boy) and I wouldn't put it past him to be behind some of the more recent deragatory postings of recent days. Then again, this is mister "ethics first" as he condones Casey's slimey dealing.
You can't see it in my post but of course at IAFF he placed a link to his article about why it "will be different" this time around. Sure Nigel, jsu tlike with real estate "It's different here, everybody wants to live here!"
I can now understand what set Tim off the other day
Must be California water
In the end, I guess we're Casey Serin.
Not all guys that are religious and enjoy teaching children are pervs.
Everything I have ever read about Mr. Rogers talks about how wonderful he was. Not even a hint of problems.
Lay off the guy and let him RIP.
Thanks for the link to the senate hearing. I really enjoyed it. Here is a link to Mr. Rogers talking directly to all of us who grew up with him. Very moving. http://www.youtube.com/watch?v=UcvRMHz4mb4&NR
@A friendly neighbor.
I shall respect your opinion of Mr. Rogers, since I have only the photograph to refer to... As I said I did not grow up in the US, so I don't have any base of reference.
Hell, I had no idea who Mr. Ed was until a year and a half ago, and the person who told me was shocked and horrified that I could not know of such crucial things.
Nigel's been on IAFF for as long as I;ve been around, probably longer... and I just learned to skip his posts after a while. Mostly because he's just shown himself to be a bag of smug, hot air huffing unsolicited, questionable advice and facts on largly deaf ears.
Yawn. I think the ignoring tactic is exactly what's in order. It worked wonderfully for me.
Nigel has a new postthat is shocking in its math innumeracy. He tries to explain away the sudden rise of home purchase rates as a demographic phenomea when all serious research concludes the exact opposite. I used to compare him to a guy waving a knife in a gun fight. Now I think it's more of a plastic spork. Lightweight, ill mannered and seriously overendowed in the self importance department he's best left to play in his pathetic no readership blog.
I know have definitive proof that the bottom has been reached. In the past seven days, I've received market updates from two different Realtors stating "market bottom reached!" Hell, that's good enough for me!
@Rob Dawg
Hahaha
Got you to look, and I got a few more cents ad revenue!
Everyone else, please go to my website smarmylakemortgageguy.com
I promise to delete all your comments!
I live in Florida where housing prices more than doubled in less than 3 years in some areas. It was a great ride but most with any sense knew it wouldn't continue. I'm amazed at the attitude of certain occupations. The overwhelming majority feel like this "correction" of 10-15% is winding down and things will start heading back up. So the $200k house that sold for $400k three years later has now reached "bottom" at $350k. It's really silly thinking and of course it's the title agencies, Realtors, loan originators, etc. that are spouting that.
Is that really you, Tim?
Could you please visit my site, I have a new post!
LOL @ "Nigel" and "Tim."
What's up with all the deleted messages here Rob Dawg. You got Casey Serin consulting for you?
-BC
Only two so far. I'm trying to help someone. The content of those messages were a violation of TOS for their .edu account and I didn't want them getting in trouble. Nothing to see, just the usual "fuck you dead comments" again. We've already seen those so I just assumed they were duplicates.
On another note...I’m convinced there will be no dramatic national housing crash.
Oh goody, economic analysis from Nigel. And a nice little social siences treatise, too.
Uh...Nigel, in case you missed it, the realty community abandoned most of those arguments about a year ago, and they've never been fully applicable, they were simply justifications to keep the buyers buying.
I note a missing issue from his post: What role did the availability of easy money, in the form of excess liquidity, play in the housing price increases.
I think 15% normal price increases, 5% demographics, and 80% easy money/toxic loans. I have a pretty graph to post, but it's supposition, just like Nigel's aruguments.
Backstage, The difference is you have credibility. This guy is supposed to be an ethical mortgage broker fer gawds sake and he can't even do the most simple analysis. I'm not quite sure what purpose mortgage brokers serve anymore. They are kind of like travel agents, thay can handle complex situations or special circumstances or perform premium services for those that can afford it but we are talking 10% of the volume we see currently.
Rob: I was gonna comment on Nigel's bizarre figures, but I wanted to read you first. Thanks for debunking that blowhard (yes, Nigel - you are a blowhard - my right to say so mmmkay).
An independent mortgage broker is useless. My opinion is that not only do they charge more than is necessary for a service that anybody can get directly from the banks, a lot of them are the reason why the Casey's of the world are getting multiple loans when they have zero business doing so.
Who wants to bet he comes here to say we are all wrong and assumes we are linking him with Casey's deals again. If he does, I say he should read a little harder because I haven't read too many people who say that.
Backstage:
He can't let go. He knows that his business will be obsolete soon should the market continue to correct or downright crash.
He sounds like my buddies in the music business. They are still in denial over the big changes and huge market contractions happening to their industry.
I really want to know where Nigel is getting this idea? Is he truly afraid of how the crash will hurt his business?
Believe it or not he's welcome to enage a discussion. Last time I tried he censored me. Nevertheless I am not he so for the occasion I just put up a new Nigel post. Sure it's snarky but I'm having fun and his business is ... well look at the graphic.
I'm waiting for Nigel to begin using the title of economist-realtor.
An interesting article:
NO ESCAPE - Male Rape in US Prisons
169% OT, and politically incorrect to boot, but as I understand it, the problem of prison rape in the U.S. is the result of a series of '60's/'70's court decisions granting prisoners various rights.
In the old days, guards could impoise summary discipline, including tossing someone in solitary. Now the guards' disciplinary powers have been largely cutailed. In many cases, there must be notice, a hearing, etc.
The result, of course, that the stronger prisoners and gangs are free to prey upon the weak and unaffiliated. The bitter irony is that those court decisions intended to grant rights have made life far more dangerous for the majority of prisoners.
Step right up ladies and gents (and gents posting as ladies to pick up Tim from MBA), welcome to FlipperWorld, California's latest and greatest themepark!
Over there you see the awe-inspiring Crash Landing ride where you can relive the excitement of buying at the peak back in 2006 with a 12 story vertical plummet into a 100 foot deep tank of water. And over there you see our flagship rollercoaster The Bankruptor of Doom, where you can see that real estate always goes up, that is until it crashes back to earth at a near vertical drop into a pitch black subterranean section symbolizing ten years after bankruptcy, during which you gradually return to ground level back where you started.
And don't forget to try our Sign'n'Dodge bumper cars where you can try your skills at evading angry creditors and loan sharks. Our bigger than life Robert K, Prlinkbiz, and Sputnik characters will be sure to put a smile on your little ones' faces!
In a revolutionary economic concept, admission to the park is free! However you must sign over your equity and reproductive rights to one of the armed guards at the gate in order to leave the park. Thanks for visiting!
P.S. Tim, call me!!
And over there, the 18-hour queue for the Comment Moderation ride...
Casey is too busy reading EN to be bothered with yesterday's news over at IAFF.
@ lawnmower man
Brilliant.
Yep, Rob Dawg, you PEGGED him.
That is the problem, no sense of responsibilty for his actions.
Did not work out, oh well, still got a sweet deal from my SIL.
No need to be a man and provide or work that is for YOU losers.
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