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.
Thursday, May 10, 2007
C-SHITS™ Explained
30 comments:
Anonymous
said...
Casey's claiming that "[he doesn't] even like cats, at least not the one that live here" is a euphemism for the fact that he doesn't like p***y ;-)
I wish he'd just come out already. You know, he could add new anti-spam words: bottom, top, reacharound, m4m, and so forth. heh.
Benoit, he's saving the outing for a last bid desperation play. Can't you see it? He was honest with all of us but not honest with himself. With this off his chest he is free. Of course he'll do the right thing and let Galina out of a loveless marriage. He'll claim he's a new man and with a clear mind and conscience he's ready to move forward. Yadda, yadda.
I'm so glad to see that the petless loser thinks all his debt and management of money is just all a big joke. What the hell is with all the "hehe" shit? Does he think he is some character out of the Archie comics? Even reading some of his answers
10. Does the pressure of your debts cause you to have difficulty sleeping?
Nah, not really. I sleep pretty well. I like to nap too.
(Actually you sleep well because you have no conscience, that and the fact that you are depressed too)
11. Has the pressure of your debts ever caused you to consider getting drunk?
Hehe… nah. I’m not that low.
(Actually yes you are, the only one lower is Nigel, and that's because he is on his knees)
15. Do you justify your debts by telling yourself that you are superior to the “other” people, and when you get your “break” you’ll be out of debt overnight?
I wouldn’t call it superior… “creative” maybe?
(Actually, it IS superior asshole. That's why you look down on people with jobs, calling them W-2 loosers, and think that lowly working is beneath you. I see galina taking a menial job..what are you doing?)
2. Frequently “borrowing” items such as books, pens, or small amounts of money from friends and others, and failing to return them.
I don’t do this.
(Tell that to the guy you borrowed 3 grand from shithead)
Ouch! That hits close to home. Really close. To think about it, in all my prior business ventures and entrepreneurial attempts, I have NEVER had a detailed written business plan! That really hit me just now in a whole new way.
(Oh great..that's the reason Casey, you didn't have a businees plan. Take another trip to Lake Tahoe and write a business plan and THEN everything will work out. That was the missing piece of the puzzle!!!!!)
6. Casey Serin May 10th, 2007 at 12:30 am We weren’t out at lunch… we were at home, eating baked beans (literally!)
First if you think I’m trolling, I’m not keeping you here. Don’t visit if you’re so upset. I don’t care about the traffic that much.
This blog has been fun but very distracting.
If that were true then why the hell are you the 5th person to leave a comment after the first one? You are OBVIOUSLY keeping a really close eye on your traffic and comments.
Casey should hook up with this guy from HaikuKitty.com: When not reliving his days on the soccer pitch, he can be found running in the park making use of what is left of his cat-like quickness or at they gym trying to relieve his feline-envy through the practice of yoga.
@Rob Dawg -- yes, you may be right, coming out of the closet may be the mother of all upcoming trolls. And the blog topic Casey will write would undoubtedly read:
Lately I’ve been learning about arbitrage and how I can take advantage of it / apply it as an individual investor.
For example…. say I borrow 100K at 12% interest and reinvest it at 36%. That’s a sweet 2% monthly spread! So on a 100K I’d be making $2,000/month. Do that with half a million and you’re making $10,000 per month. Enough to retire on.
Umm isn't this how you started in real estate? Extrapolating? I sold one house for 30K, If I buy 8 houses I'll make 240K, in one year!!! So yeah, borrow one million and make 10K a month, however, what if you are losing 10K per month. With your no job status...aggghghh This guy is so frustrating!!! He thinks that people are just gonna keep lending him money so he can "invest". Yeah CAsey, I got 500K to invest, let's see, someone with an MBA and track record, or some 25 year old loser with a high school education who has been running scams and living on credit since high school? Hmmmm....
On second thought he probably won't go full murse™ on us. At least not right away. Most likely there will be a period of "confusion" followed by a Woddy Allen moment. [For those who don't get that, Woddy once remarked that being bisexual doubled your chances of getting a date next Saturday night.]
See it? Confusion produces an outpouring of "search your heart" posts. Announcement produces a flurry of "about time/I knew it" posts. Outing produces a sh!tstorm of ashamed gays and wildeyed disbelief. All of these producing an unprecedented flood of haterz™ posts regardless.
Then he can anounce the Galina is pregnant. Then he can imply that he's not sure about the father. Then he can find a streak of responsibilty and promise to care for the child no matter what.
Trying to stay out of the Casey saga, but the comments on finance pulled me in . . .
I agree, using smart leverage is THE KEY to financial independence.
No it isn't, the key to financial independence is HARD WORK.
(Am I the only one who has seen "Ruben and Ed"?)
How else can you do it QUICKLY?
You don't. It takes a long time. It took Buffet years to get started, which he did on his own money, earned through HARD WORK (starting, literally, with his childhood job, a paper route.)
For example…. say I borrow 100K at 12% interest and reinvest it at 36%. That’s a sweet 2% monthly spread! So on a 100K I’d be making $2,000/month. Do that with half a million and you’re making $10,000 per month.
Wow . . . borrowing at a low rate and lending at a high rate, why hasn't anybody ever thought of this before!?
Here's a quick question for Casey: why would anybody lend money at 12% when there are 36% investments out there?
Casey is the perfect, textbook illustration of how a little bit of knowledge can be an extremely dangerous thing. He understands leverage, but he has no clue what risk is, let alone time value of money, risk premiums, yields, cost of capital (remember his comment about how it doesn't matter what rate he borrows at, as long as he's making money?), and on and on. I'm betting our intrepid investor couldn't calculate the yield on a one-year zero-coupon bond.
What's worse, however, is that there are people whose mentality is not too different from Casey's working in the finance industry. That's why he sees opportunity--he suspects that there are people out there who have napped their way through business school working at hedge funds and as day traders shorting treasuries and going long CDOs, saying "this is great, free money!", and he's right, they are out there.
Homosexuality aside for a second, Casey's posted two new pics to his Flickr account showing traffic graphs to his blog. His next blog post will likely claim that, contrary to Haterz™ assertions, there was no appreciable drop in traffic during his Hammar-funded trip to Tahoe. bleh.
I'm really hoping he does get money from a HARD money lender.
Knock Knock
KC "yeah?"
Muscle "WE need this weeks payment of 5K, plus the 2K interest"
KC "I wanted to talk to you about that..I'm a little short, let's see if we can't be win win here, oh and I'm going to be taping this for the website..where's my microphone?"
.........
KC "Wow, are those my kneecap bones sticking out like that?"
What do you want to bet it is a horse race to see if he can get a bump in his corporate credit line in time for the Tuesday May 22nd, 2007 balloon payment. I seem to read between the lines that he is seeking a bigger corporate line and there is a stone cold silence about the May 22nd, 2007 deadline. The FTB has to be watching this and while those board positions are very safe, they are partially elected. Casey gets away with this and those board members could find themselves in the Rose Bird seat.
260. marry me G May 10th, 2007 at 4:06 am this message is for G,
dump casey!
come live in my nyc penthouse, rent free!
drive my Volvo SUV to the country house in the hamptons
let my maid clean up after you for a change
eat at real dinning experiences (not chipoltes or jamba juice) on my tab
let my doorman hold the door for you
use my rooftop pool
ill get you an unlimited amex
your a pretty girl you deserve better
ill pay for your first class ticket
im rich, real rich, and cute too
*******
THIS GUY IS NUTS!!! arbitrage fascinates him!!! of course its another shiny scheme
Examples In the most simple example, any good sold in one market should sell for the same price in another. Traders may, for example, find that the price of wheat is lower in agricultural regions than in cities, purchase the good, and transport it to another region to sell at a higher price. This type of price arbitrage is the most common, but this simple example ignores the cost of transport, storage, risk, and other factors. "True" arbitrage requires that there be no risk involved. Where securities are traded on more than one exchange, arbitrage occurs by simultaneously buying in one and selling on the other. Suppose that the exchange rates (after taking out the fees for making the exchange) in London are £5 = $10 = ¥1000 and the exchange rates in Tokyo are ¥1000 = £6 = $12. Converting ¥1000 to $12 in Tokyo and converting that $12 into ¥1200 in London, for a profit of ¥200, would be arbitrage. In reality, this "triangle arbitrage" is so simple that it almost never occurs. But more complicated foreign exchange arbitrages, such as the spot-forward arbitrage (see interest rate parity) are much more common. One example of arbitrage involves the New York Stock Exchange and the Chicago Mercantile Exchange. When the price of a stock on the NYSE and its corresponding futures contract on the CME are out of sync, one can buy the less expensive one and sell the more expensive. Because the differences between the prices are likely to be small (and not to last very long), this can only be done profitably with computers examining a large number of prices and automatically exercising a trade when the prices are far enough out of balance. The activity of other arbitrageurs can make this risky. Those with the fastest computers and the smartest mathematicians take advantage of series of small differentials that would not be profitable if taken individually.
I can't wait for TimeLineGuy to come out with a Casey playing the markets diary.
Managed to get up before markets opened but only just. Phoned the broker I have opened an account with. (Took me some time to find this guy and get a sweet deal with him. For some reason the firs few brokerage I contacted wanted $500,000 deposits and they were very abrupt when I told them how much I wanted to open an account with. I think its there loss.) He seemed very busy when I phoned and gave him my instructions on what I wanted to do. I think I got it right. Its Putz when its rizing and callz when its falling. Or is it Putz when you don't want it to fall. So its all good and I put my first spread on at 50 a point. He sounded very busy and a bit adjitated so I said I'd call him back later. Woke after a much needed nap. Bit later than I intended. I phone broker and he's very busy agian. He said I'd been closed out of my position as my limit had been exceeded. I didn't know I had a limit on my profits. I have to see if I can get that changed. Turns out too that he'd thought I meant $50 a point not 50 cents. He also said I hadn't put a stop on it. Does he mean a period? Isn't stop English like in British? Seems I've been closed out for the full amount of my account. Sweet! I need a nap before I plan my next market deal.
@Benoit™: 27% direct traffic That's people like me, you and all the rest of HaterzWorld™ reloading the site to see when the Page Not Found errors go away. And another 25% are typing in the domain name minus the www (big SEO issue there). That's over 50% direct traffic, which for some types of site is sweet™, but is hard to monetize. Of the top 5 keywords, it looks like 4 are from people searching for the phenomenon "Casey Serin", rather than general foreclosure advice. There's still a boatload of useful traffic coming in, which someone like myself could monetize (no idea what potential, the best guestimate I could give is a 3-figure US$ sum). But the site's tainted (AdSense ban! Associated with confessed fraudster!), personally I would't touch it even if I was offered it for sale at a hefty discount.
30 comments:
Casey's claiming that "[he doesn't] even like cats, at least not the one that live here" is a euphemism for the fact that he doesn't like p***y ;-)
I wish he'd just come out already. You know, he could add new anti-spam words: bottom, top, reacharound, m4m, and so forth. heh.
oh yeah, since Ogg didn't say it verbatim: FIRST :)
M-U-R-S-T-!
Benoit, he's saving the outing for a last bid desperation play. Can't you see it? He was honest with all of us but not honest with himself. With this off his chest he is free. Of course he'll do the right thing and let Galina out of a loveless marriage. He'll claim he's a new man and with a clear mind and conscience he's ready to move forward. Yadda, yadda.
"I wish he'd just come out already. You know, he could add new anti-spam words: bottom, top, reacharound, m4m, and so forth. heh."
You forgot "pitcher" & "receiver"
I'm so glad to see that the petless loser thinks all his debt and management of money is just all a big joke. What the hell is with all the "hehe" shit? Does he think he is some character out of the Archie comics? Even reading some of his answers
10. Does the pressure of your debts cause you to have difficulty sleeping?
Nah, not really. I sleep pretty well. I like to nap too.
(Actually you sleep well because you have no conscience, that and the fact that you are depressed too)
11. Has the pressure of your debts ever caused you to consider getting drunk?
Hehe… nah. I’m not that low.
(Actually yes you are, the only one lower is Nigel, and that's because he is on his knees)
15. Do you justify your debts by telling yourself that you are superior to the “other” people, and when you get your “break” you’ll be out of debt overnight?
I wouldn’t call it superior… “creative” maybe?
(Actually, it IS superior asshole. That's why you look down on people with jobs, calling them W-2 loosers, and think that lowly working is beneath you. I see galina taking a menial job..what are you doing?)
2. Frequently “borrowing” items such as books, pens, or small amounts of money from friends and others, and failing to return them.
I don’t do this.
(Tell that to the guy you borrowed 3 grand from shithead)
Ouch! That hits close to home. Really close. To think about it, in all my prior business ventures and entrepreneurial attempts, I have NEVER had a detailed written business plan! That really hit me just now in a whole new way.
(Oh great..that's the reason Casey, you didn't have a businees plan. Take another trip to Lake Tahoe and write a business plan and THEN everything will work out. That was the missing piece of the puzzle!!!!!)
6. Casey Serin
May 10th, 2007 at 12:30 am
We weren’t out at lunch… we were at home, eating baked beans (literally!)
First if you think I’m trolling, I’m not keeping you here. Don’t visit if you’re so upset. I don’t care about the traffic that much.
This blog has been fun but very distracting.
If that were true then why the hell are you the 5th person to leave a comment after the first one? You are OBVIOUSLY keeping a really close eye on your traffic and comments.
You guys should be eating paper, not beans.
Casey should hook up with this guy from HaikuKitty.com: When not reliving his days on the soccer pitch, he can be found running in the park making use of what is left of his cat-like quickness or at they gym trying to relieve his feline-envy through the practice of yoga.
Yay! for the lemmings!
Although, based on the illustration, it makes me wonder what children's book this might be found in!
@Legion...remember, they don't have to eat; they've been staring at the sun
@Rob Dawg -- yes, you may be right, coming out of the closet may be the mother of all upcoming trolls. And the blog topic Casey will write would undoubtedly read:
Heterosexuality: NO DEAL!!
:-)
@Aspeth
Sorry to correct you, but that wasn't the sun, that was the reflection of the sun offa Nigey's chrome dome.
Lately I’ve been learning about arbitrage and how I can take advantage of it / apply it as an individual investor.
For example…. say I borrow 100K at 12% interest and reinvest it at 36%. That’s a sweet 2% monthly spread! So on a 100K I’d be making $2,000/month. Do that with half a million and you’re making $10,000 per month. Enough to retire on.
Umm isn't this how you started in real estate? Extrapolating? I sold one house for 30K, If I buy 8 houses I'll make 240K, in one year!!!
So yeah, borrow one million and make 10K a month, however, what if you are losing 10K per month. With your no job status...aggghghh
This guy is so frustrating!!! He thinks that people are just gonna keep lending him money so he can "invest". Yeah CAsey, I got 500K to invest, let's see, someone with an MBA and track record, or some 25 year old loser with a high school education who has been running scams and living on credit since high school? Hmmmm....
KC said "Man… lots of good stuff out there. Getting too excited."
Funny, that's the same thing bubba said about you going to jail.
Benoit,
LOL. Good one.
On second thought he probably won't go full murse™ on us. At least not right away. Most likely there will be a period of "confusion" followed by a Woddy Allen moment. [For those who don't get that, Woddy once remarked that being bisexual doubled your chances of getting a date next Saturday night.]
See it? Confusion produces an outpouring of "search your heart" posts. Announcement produces a flurry of "about time/I knew it" posts. Outing produces a sh!tstorm of ashamed gays and wildeyed disbelief. All of these producing an unprecedented flood of haterz™ posts regardless.
Then he can anounce the Galina is pregnant. Then he can imply that he's not sure about the father. Then he can find a streak of responsibilty and promise to care for the child no matter what.
And all of it driving pageviews.
Trying to stay out of the Casey saga, but the comments on finance pulled me in . . .
I agree, using smart leverage is THE KEY to financial independence.
No it isn't, the key to financial independence is HARD WORK.
(Am I the only one who has seen "Ruben and Ed"?)
How else can you do it QUICKLY?
You don't. It takes a long time. It took Buffet years to get started, which he did on his own money, earned through HARD WORK (starting, literally, with his childhood job, a paper route.)
For example…. say I borrow 100K at 12% interest and reinvest it at 36%. That’s a sweet 2% monthly spread! So on a 100K I’d be making $2,000/month. Do that with half a million and you’re making $10,000 per month.
Wow . . . borrowing at a low rate and lending at a high rate, why hasn't anybody ever thought of this before!?
Here's a quick question for Casey: why would anybody lend money at 12% when there are 36% investments out there?
Casey is the perfect, textbook illustration of how a little bit of knowledge can be an extremely dangerous thing. He understands leverage, but he has no clue what risk is, let alone time value of money, risk premiums, yields, cost of capital (remember his comment about how it doesn't matter what rate he borrows at, as long as he's making money?), and on and on. I'm betting our intrepid investor couldn't calculate the yield on a one-year zero-coupon bond.
What's worse, however, is that there are people whose mentality is not too different from Casey's working in the finance industry. That's why he sees opportunity--he suspects that there are people out there who have napped their way through business school working at hedge funds and as day traders shorting treasuries and going long CDOs, saying "this is great, free money!", and he's right, they are out there.
Homosexuality aside for a second, Casey's posted two new pics to his Flickr account showing traffic graphs to his blog. His next blog post will likely claim that, contrary to Haterz™ assertions, there was no appreciable drop in traffic during his Hammar-funded trip to Tahoe. bleh.
I'm really hoping he does get money from a HARD money lender.
Knock Knock
KC "yeah?"
Muscle "WE need this weeks payment of 5K, plus the 2K interest"
KC "I wanted to talk to you about that..I'm a little short, let's see if we can't be win win here, oh and I'm going to be taping this for the website..where's my microphone?"
.........
KC "Wow, are those my kneecap bones sticking out like that?"
What do you want to bet it is a horse race to see if he can get a bump in his corporate credit line in time for the Tuesday May 22nd, 2007 balloon payment. I seem to read between the lines that he is seeking a bigger corporate line and there is a stone cold silence about the May 22nd, 2007 deadline. The FTB has to be watching this and while those board positions are very safe, they are partially elected. Casey gets away with this and those board members could find themselves in the Rose Bird seat.
So he's giving up on real estate and trying to make money in the stock market instead.
Given Casey's unerringly bad sense of timing and his bad decisionmaking skills, this might well signal the top of the current bull run.
I've mostly reacted with amusement to Snowflake's faults so far, but disliking cats? That I cannot tolerate.
It is kind of sad that the cat is getting more affection from Galina than he is at this point.
The cat is probably fifty times more attentive to Galina than Casey is... and probably more of a man too.
@ Stephanie J:
My cat doesn't have any balls (sorry guy, it was for the best) and he's more of a man than Casey.
Lately I’ve been learning about arbitrage and how I can take advantage of it / apply it as an individual investor.
HAHAHAHAHAHA!!!
*gasps*
AAAAHAHAHAHAHA!!!
These words, they do not mean what I think he thinks they mean.
@Benoit - He is already using those pictures to sell his sweet traffic :-)
http://iamfacingforeclosure.com/advertise/
Doesn't he know that in Soviet California, arbitrage takes advantage of you?
HE ALLOWED THIS>>HAHHAHA
260. marry me G
May 10th, 2007 at 4:06 am
this message is for G,
dump casey!
come live in my nyc penthouse, rent free!
drive my Volvo SUV to the country house in the hamptons
let my maid clean up after you for a change
eat at real dinning experiences (not chipoltes or jamba juice) on my tab
let my doorman hold the door for you
use my rooftop pool
ill get you an unlimited amex
your a pretty girl you deserve better
ill pay for your first class ticket
im rich, real rich, and cute too
*******
THIS GUY IS NUTS!!!
arbitrage fascinates him!!!
of course its another shiny scheme
Examples
In the most simple example, any good sold in one market should sell for the same price in another. Traders may, for example, find that the price of wheat is lower in agricultural regions than in cities, purchase the good, and transport it to another region to sell at a higher price. This type of price arbitrage is the most common, but this simple example ignores the cost of transport, storage, risk, and other factors. "True" arbitrage requires that there be no risk involved. Where securities are traded on more than one exchange, arbitrage occurs by simultaneously buying in one and selling on the other.
Suppose that the exchange rates (after taking out the fees for making the exchange) in London are £5 = $10 = ¥1000 and the exchange rates in Tokyo are ¥1000 = £6 = $12. Converting ¥1000 to $12 in Tokyo and converting that $12 into ¥1200 in London, for a profit of ¥200, would be arbitrage. In reality, this "triangle arbitrage" is so simple that it almost never occurs. But more complicated foreign exchange arbitrages, such as the spot-forward arbitrage (see interest rate parity) are much more common.
One example of arbitrage involves the New York Stock Exchange and the Chicago Mercantile Exchange. When the price of a stock on the NYSE and its corresponding futures contract on the CME are out of sync, one can buy the less expensive one and sell the more expensive. Because the differences between the prices are likely to be small (and not to last very long), this can only be done profitably with computers examining a large number of prices and automatically exercising a trade when the prices are far enough out of balance. The activity of other arbitrageurs can make this risky. Those with the fastest computers and the smartest mathematicians take advantage of series of small differentials that would not be profitable if taken individually.
I can't wait for TimeLineGuy to come out with a Casey playing the markets diary.
Managed to get up before markets opened but only just. Phoned the broker I have opened an account with. (Took me some time to find this guy and get a sweet deal with him. For some reason the firs few brokerage I contacted wanted $500,000 deposits and they were very abrupt when I told them how much I wanted to open an account with. I think its there loss.)
He seemed very busy when I phoned and gave him my instructions on what I wanted to do. I think I got it right. Its Putz when its rizing and callz when its falling. Or is it Putz when you don't want it to fall. So its all good and I put my first spread on at 50 a point. He sounded very busy and a bit adjitated so I said I'd call him back later.
Woke after a much needed nap. Bit later than I intended. I phone broker and he's very busy agian. He said I'd been closed out of my position as my limit had been exceeded. I didn't know I had a limit on my profits. I have to see if I can get that changed. Turns out too that he'd thought I meant $50 a point not 50 cents. He also said I hadn't put a stop on it. Does he mean a period? Isn't stop English like in British? Seems I've been closed out for the full amount of my account. Sweet! I need a nap before I plan my next market deal.
@Benoit™: 27% direct traffic That's people like me, you and all the rest of HaterzWorld™ reloading the site to see when the Page Not Found errors go away. And another 25% are typing in the domain name minus the www (big SEO issue there). That's over 50% direct traffic, which for some types of site is sweet™, but is hard to monetize. Of the top 5 keywords, it looks like 4 are from people searching for the phenomenon "Casey Serin", rather than general foreclosure advice. There's still a boatload of useful traffic coming in, which someone like myself could monetize (no idea what potential, the best guestimate I could give is a 3-figure US$ sum). But the site's tainted (AdSense ban! Associated with confessed fraudster!), personally I would't touch it even if I was offered it for sale at a hefty discount.
Re: Marry me G post
Heck, I was about to take that guy up on his offer, until I got to 'Dinning'.
LOL
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