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.
Saturday, February 24, 2007
Tired of staring
I for one am getting tired of just staring. Even Monday's double large pair of huge attention getting forclosures won't bring about the climax we all want and deserve. Like a deer caught in the headlights Casey will just sit on his blue ball and bouce and jiggle a little bit and then nip off for something juicy to put in his mouth or maybe a meaty morsel or two from In-N-Out.
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Re-posted, ending slightly changed, to Casey related thread:
"New GEICO Commercial"
Narrator: Robert Cote is a real GEICO customer, not a paid celebrity.. so to help tell his story, we hired a celebrity.
Robert: Last summer, someone accidentally side-swiped my car.
Casey Serin: It's not an accident if you don't think about it that way!
Robert: I called GEICO, and was talking to an agent within 30 seconds.
Casey Serin: Win-Win!! Sweet deal!!
Robert: GEICO filed my claim immediately and my car was repaired in short order.
Casey Serin: I'm amazed that you did this all by yourself! Wow! Now you can reward yourself with Jamba Juice!
:-)
Benoit-
That's hilarious!
But you forgot to say "FIRST!!" Please respect our traditions.
@ Rob
I disagree, that is a gloriously huge set of foreclosures right there, and I am perfectly content to stare at them. In fact, I can't stop.
P.S. Beef is vegan because cows only eat grass. Ask Casey.
Not a boob man myself, but they're nice. As a rawk star freind of mine once said "They're fun...for about 5 minutes. Then what?"
I'm thinking that foreclosure is the trigger for a lot of events - the banks then have a loss on the books, and can justify the time and expense to investigate and charge the little shithead.
Or, they can just cut a 1099 and let the IRS deal with it, and not spend the cash to investigate and charge him for fraud, especially if they have a large percentage of loans on the books that could ALSO be fraudulent, and that makes them at risk for allowing so many. The last thing the banks want is attention to their books, after the last couple of years.
I don't know, I don't know the inner workings here of the banks and State and Federal offices the could be the ones to nail the little shithead. The wheels of justice turn slow, if at all, and the only agency I have any faith of acting in a timley manner will be the IRS, but he has to fail to pay the taxes first.
Like the housing bubble...you may need to order a new comfy couch or Love Sac™ (look them up, they rock), lots of popcorn, and adult beverages of your choice.
In the meantime...lean shithead's buttons, and push them...a lot. Gmail accounts are free. Just keep signing up new gmail names, and asking teh same questions. Worm in there, and poke his hot spots. Keep calling his lendors, and putting flyers up in his immediate area. It's free (mostly), fun, and won't give you cancer, and may even get you some karma.
hmm mgfds fsd af safdaaaa
cant...con....cen....trate.....
If events unfold without any last minute drama from our little drama queen Casey he will be 3 houses lighter by the end of next week (the double auction extravaganza monday and NM on the 1st). It will be interesting to see how he tries to entertain us with only one house left to go. Unfortunately it will take months (years in some cases) for any repercussions to affect his slacker lifestyle so things will get even more boring very quickly.
Hey, where did you get that pic of Steph?
Hey! How'd you know!?
I'd rather stare at those casabas than the Brian dude.
Unfortunately, Casey's plan mostly worked ... let me tell you why.
Casey's plan did NOT need those homes to sell (though it would have been better if they did).
His plan was as follows:
1) Buy as many homes as fast as possible, as long as you can borrow $ on a stated income basis.
2) Buy these homes with a significant cash back above their listed value ($50k in each?). This allows Casey to build a $ stash (8 x $50k? $400k?)
3) Try to sell the homes for at least what you've paid for them or a bit less, saying "you're facing foreclosure". It happens that if you sold them at the SAME price, you'd really be ahead $400k because of the cashbacks...
4) If that doesn't work, go into foreclosure or BK. You've hidden $400k somewhere, you can live off them, foreclosures and the BK erase the debt and you're $400k richer without doing anything.
I think this was his plan all along, and it mostly worked, except for selling the homes... but that doesn't take away his $400k.
He ought to be in jail for it, as well.
I've posted this to his site but since he's down right now I don't know whether he let it be posted (it said all posts go through the moderator)
Yuck. Those look sweaty and gross. Just like Casey's houses.
Aw Steph, I'd recognize you anywhere sweetheart!
M...U...S...T...
C..O..N..C..E..N..T..R..A..T..E....
That pair definitely more interesting than the current BS/nothing much happening on the IAFF site. Did anyone bother to read the fine print located between?.. kind of cute, but could get you really slapped..
Maybe the response is relative to 'having' the biggest pair ever seen when we are real young (under 1 year old).. and trying to get back to the comfort that they represented back then??? (not the opinions of a psychologist, but Freud might not disagree)
So, I also have a question:
Real or Mammorex? (with nod to the Memorex commercials)..
Re: Rock (rawk) star.. you have to know how to play them right. You can't grab them like the strings on an electric guitar.. think violin, light pressure.
- - - **Hormones off**
I don't think that there was much money being hidden. When you have interest rates that are as high as Casey has, any amount of money disappears pretty quickly. I don't think they guy knows how to save money. Just look at his priorities. I think the extra funding (cash back on closure) was to cover mortgage payments for the upcoming months. 5% cash back will only give you about 1 year of payments at most on an IO loan (provide rate is 5%).
The banks will 1099 the non-recourse loans. The recourse loans they may pursue for a while (run up the amount) and then 1099 the larger amount. It may also depends if the mortgages were part of a securitized bundle.. and who the current holder is.
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