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.
Tuesday, May 01, 2007
impulses sometimes tell me otherwise
Casey you should count yourself lucky that the people who follow your exploits are not as impulsive.
On a personal note I admit to some small amount of jealousy that the little impulse voices choose to talk to Casey.
I'm not sure the crowd here is going to get the show they've been waiting for . . . Casey has a way of putting off the inevitable.
That said, I do know of a place where Casey can stay for free . . . oh wait, I think the bank changed the locks . . . and even if he did manage to get in, he'd have to split the place with the other homeless guy.
(I'm typically not one to enjoy others' misfortunes, but the irony here is just too rich)
"Hitting bottom" is what Casey does when he visits me in SLC. But I kid! No, actually we hang out in my pool and count the koi in my pond.
Seriously though, "bottom" is a myth much like the housing bubble. I've been involved in the RE biz for four long years, much longer than most of you noobz. I saw the same sort of sentiment in October 06, but things quickly changed December - February. I am betting on another year of strong appreciation and seeing a slowdown the first of 2009.
Consider this parallel - When I was growing up, I could buy a McDonalds hamburger for 25 cents. No matter how much I hope, pray or wish for hamburger prices to come down, I will never see that level of hamburger pricing again. The same applies to housing.
I think that should clear things up for you stupid noobs.
The more I speak and email with Casey, the more I think he's going to dig out of this mess and land on his feet. It's kind of like saying 'Buck up, little buckaroo'. Casey is my little buckaroo. He's intelligent and a real go-getter. If you are ever putting together a team, he's the guy to lead it. However, he's not as good a blogger as I am. But hey, who is?
Haterz, control your Nigel jealousy. You know my celebrity connections and elite social status just chaps your skinny asses. It's pathetic.
Be sure to read my 27 part series on celebs I met backstage in the VIP room at the Olympic Pinpalooza back in 2002. Highlights include:
George Michael Richard Simmons Ryan Seacrest Melissa Etheridge Rob Halford Eddie Murphy Rip Taylor KD Lang Boy George Ru Paul Right Said Fred The Indigo Girls Mary Cheney
And the list goes on and on. I admit that when I went into Olympic pin sales, I was a bit confused about what direction to take my life, but I was open to experimentation. The experiences I had back in 2002 were the defining moment in my life and have made me what I am today.
Time to remind people of my prediction that there will be month or quarter this year of next when a homebuilder will report negative sales. More cancellations than new contracts. But then again i don't have an award winning blog. BTW I left a nice note at the latest carnival that highlights Swabos track record in the fortune telling game.
Nigel has always reminded me of the dolts who ran around during the .com boom saying "Buy stocks!", thinking it made them look like geniuses. They had no clue what things like P/I meant, but they heard everyone else babbling about stocks so they'd cheerfully bellow along to "Buy stocks!" and cheerlead those who made money, even though they made none themselves.
They were the same assholes driven from forums after the implosion, because they were still running around bellowing "Buy stocks!" because they realized they jumped on the wagon too late.
Poor Nigey Pooh. A dollar short, half a head bald, and about 5-600 days late. The best he can do is bottom feed like the scum-sucking creep he is, because he doesnt have what it takes to run with the big dogs. He's a poodle in the window yapping at the neighborhood dogs, all furious noise and no substance.
I think if the old queen actually had an original idea based on wisdom, common sense, and accumulated professional knowledge the world would stop on it's axis to celebrate the miracle.
I want to be the rock hard bottom of your financial foundation, one that can really take a pounding. I will let you probe deep into my treasure trove of real estate knowledge. And I will take the seed of your investment and nurture it into a fabulous erection of financial strength until it explodes beyond your wildest expectations. Together, we will build sweat equity, and use our leverage to milk sweet cashback from your inflated property. Gleefully I will handle the mortgage loads of you and all your partners.
Subprime loans were popular because FHA required up front mortgage insurance. It had nothing to do with the fact that FHA requires limited "lates", full doc, and HUD approved condos. Nope, none of those mattered, it was all about the upfront MI. No way I am taking a lower, fixed rate because I have to pay upfront MI.
Swab nuts is an idiot. Subprime loans were popular because they allowed "creative financing" and that's the only thing people could qualify for.
Also, FHA is going to save the day and help a lot more people buy homes. They raised the limit, so now all those buyers who otherwise didn't have any intention on purchasing will. Forget the bad credit, lack of income, and home prices being out of their range. FHA is here to save the day.
What an idiot. Hey Swab nuts, FHA won't get John Doe who works at ABC Manufacturing making $8/hr into that 400K house.
Maybe Nigel can help me. I hope so. I've had heard he is an award winning blogger and pretty much the go-to guy in the industry. Maybe I can vomit on him as well.
I've noticed visitors to the award winning blog post that comment often. Maybe it's a code or something that those, in the know, use to signal each other.....sort of like a secret decoder ring.
You see, foolish haterz, the problem is thusly thus. Most homeless people are only homeless because they have nowhere to live. Homelessness is not a zero sum game, although it may be mostly caused by the sun. In conclusion, I have a pool and a pony.
Mortgage payments are directly related to the amount of money borrowed. More money = higher payment. Less money = lower payment. I see this phenomenon a lot in the mortgage business and I have written a 5 part series explaining it. See it HERE, HERE, HERE, HERE, and HERE.
With one statement he has made it clear that he has no intention of paying off his unsecured debt
Was there ever any doubt? The only thing stopping him from filing bankruptcy at this point is that he doesn't have the money for a lawyer or the wherewithal to do it himself.
The only thing stopping him from filing bankruptcy at this point is that he doesn't have the money for a lawyer or the wherewithal to do it himself. I think there is the nagging doubt that his creditors would claim fraud and exclude a whole load of stuff from the bankruptcy.
Casey won't file BK because it doesn't put any sweet cash in his pocket. He doesn't give a crap about his debts because he isn't going to pay them anyway.
Casey's going to have to start caring about his debts at some point. Sooner or later he'll wear out his welcome with family and he *will* need to get a looser W2 job to survive. At that point, he will no longer be judgment proof. Some of his creditors will sue to garnish his wages, and bankruptcy will be the only way to stop it.
Also, if CA allows creditors to seize assets, at some point he'll need to protect the sweet Jetta, laptop, PDA, murse, and blue ball.
Anyone who cares will get an uncontested judgement that will forever hang over Casey.
Someday he's gonna pull into the driveway with a new 2017 Kia Solar Hybrid Hydrogen Cogen SUV and the next morning it will be gone and he'll still have the payments.
RE: >>Someday he's gonna pull into the driveway with a new 2017 Kia Solar Hybrid Hydrogen Cogen SUV and the next morning it will be gone and he'll still have the payments<<
If he can miraculously manage that, he'll lease the car. There are a million ways to hide income sources. I don't, however, anticipate Casey becoming a successful fraudster capable of pulling off that level of activity. It requires too much attention to detail.
Has anyone suggested to Cashcall (or any of his current creditors) that if they are going to go after any of Casey's assets, that his domain name might be the best thing he has? There isn't anything Casey can do to hide it either.
Wouldn't it be cool if IAFF started redirecting to Cashcall. :-)
Casey you should count yourself lucky that the people who follow your exploits are not as impulsive.
51 comments:
FIRST?
Dammit...
The Dude is loosinsome dudeliness.
I'm not sure the crowd here is going to get the show they've been waiting for . . . Casey has a way of putting off the inevitable.
That said, I do know of a place where Casey can stay for free . . . oh wait, I think the bank changed the locks . . . and even if he did manage to get in, he'd have to split the place with the other homeless guy.
(I'm typically not one to enjoy others' misfortunes, but the irony here is just too rich)
Dawg,
Yeah, I'm loosin' it; my mined isn't what it used to be.
Was out of town all day yesterday closing on our house so I missed all the latest. Great catch on the IAFF topic before it vanished.....
Casey watches way too much Short Attention Span Theater
I over-indulged in Fishy Treats last night, and dropped off a few "nuggets" in Casey's inbox.
Sweet!
aaack!!
S_t_C
Casey is re-defining the phrase, "hitting bottom."
"I over-indulged in Fishy Treats last night, and dropped off a few "nuggets" in Casey's inbox."
Damn, Sputnik! Now Casey is going to have to sift through the nuggets....
I think Casey "hits bottom" then starts digging deeper.
I can see Steph delivering a swift kick much like the pic only with her Doc's on instead...
I found Sputnik's Private Label Scotch.......
HERE it is
Speaking of impulses, I am having difficulty controlling my impulse to email snowflakes original post to Yulia.
"Hitting bottom" is what Casey does when he visits me in SLC. But I kid! No, actually we hang out in my pool and count the koi in my pond.
Seriously though, "bottom" is a myth much like the housing bubble. I've been involved in the RE biz for four long years, much longer than most of you noobz. I saw the same sort of sentiment in October 06, but things quickly changed December - February. I am betting on another year of strong appreciation and seeing a slowdown the first of 2009.
Consider this parallel - When I was growing up, I could buy a McDonalds hamburger for 25 cents. No matter how much I hope, pray or wish for hamburger prices to come down, I will never see that level of hamburger pricing again. The same applies to housing.
I think that should clear things up for you stupid noobs.
The more I speak and email with Casey, the more I think he's going to dig out of this mess and land on his feet. It's kind of like saying 'Buck up, little buckaroo'. Casey is my little buckaroo. He's intelligent and a real go-getter. If you are ever putting together a team, he's the guy to lead it. However, he's not as good a blogger as I am. But hey, who is?
Home sales plunge in March
Latest forward look at existing home sales show sharp drop in sellers finding buyers for home, according to Realtors.
Nigel Swaby: "I am betting on another year of strong appreciation and seeing a slowdown the first of 2009."
If your local newspaper carries it, check out today's Bizarro cartoon. It reminds me a bit of Snowflake. Here's the address of a site that has it
http://www.chron.com/apps/comics/showComick.mpl?date=20070501&name=Bizarro
Best wishes, and sorry that I'm too lazy to look up the codes to make that address a link, but I do need to take another nap this morning,
NR
Haterz, control your Nigel jealousy. You know my celebrity connections and elite social status just chaps your skinny asses. It's pathetic.
Be sure to read my 27 part series on celebs I met backstage in the VIP room at the Olympic Pinpalooza back in 2002. Highlights include:
George Michael
Richard Simmons
Ryan Seacrest
Melissa Etheridge
Rob Halford
Eddie Murphy
Rip Taylor
KD Lang
Boy George
Ru Paul
Right Said Fred
The Indigo Girls
Mary Cheney
And the list goes on and on. I admit that when I went into Olympic pin sales, I was a bit confused about what direction to take my life, but I was open to experimentation. The experiences I had back in 2002 were the defining moment in my life and have made me what I am today.
Time to remind people of my prediction that there will be month or quarter this year of next when a homebuilder will report negative sales. More cancellations than new contracts. But then again i don't have an award winning blog. BTW I left a nice note at the latest carnival that highlights Swabos track record in the fortune telling game.
The question is: If Casey buys a van to live it, will he ask for "cashback at closing"????
Nigel has always reminded me of the dolts who ran around during the .com boom saying "Buy stocks!", thinking it made them look like geniuses. They had no clue what things like P/I meant, but they heard everyone else babbling about stocks so they'd cheerfully bellow along to "Buy stocks!" and cheerlead those who made money, even though they made none themselves.
They were the same assholes driven from forums after the implosion, because they were still running around bellowing "Buy stocks!" because they realized they jumped on the wagon too late.
Poor Nigey Pooh. A dollar short, half a head bald, and about 5-600 days late. The best he can do is bottom feed like the scum-sucking creep he is, because he doesnt have what it takes to run with the big dogs. He's a poodle in the window yapping at the neighborhood dogs, all furious noise and no substance.
I think if the old queen actually had an original idea based on wisdom, common sense, and accumulated professional knowledge the world would stop on it's axis to celebrate the miracle.
I want to be the rock hard bottom of your financial foundation, one that can really take a pounding. I will let you probe deep into my treasure trove of real estate knowledge. And I will take the seed of your investment and nurture it into a fabulous erection of financial strength until it explodes beyond your wildest expectations. Together, we will build sweat equity, and use our leverage to milk sweet cashback from your inflated property. Gleefully I will handle the mortgage loads of you and all your partners.
I hope we can do business together.
well k.d. lang is a dyke so we definitely know which direction you took Nigel you fag
Nigel Swaby: "I am betting on another year of strong appreciation and seeing a slowdown the first of 2009."
This actually means almost two years of strong appreciation - 2007 and 2008.
Dawg said: "But then again i don't have an award winning blog"
....and you don't have a pond with fish and stuff either.
Subprime loans were popular because FHA required up front mortgage insurance. It had nothing to do with the fact that FHA requires limited "lates", full doc, and HUD approved condos. Nope, none of those mattered, it was all about the upfront MI. No way I am taking a lower, fixed rate because I have to pay upfront MI.
Swab nuts is an idiot. Subprime loans were popular because they allowed "creative financing" and that's the only thing people could qualify for.
Subprime loans are popular because originators make heaps-o-cash writing them and reselling them.
Also, FHA is going to save the day and help a lot more people buy homes. They raised the limit, so now all those buyers who otherwise didn't have any intention on purchasing will. Forget the bad credit, lack of income, and home prices being out of their range. FHA is here to save the day.
What an idiot. Hey Swab nuts, FHA won't get John Doe who works at ABC Manufacturing making $8/hr into that 400K house.
“I know you can just pull money out of your butt, you’ve done it before!” – Galina 9/17/06
“Galina doesn't want to talk to you. Your blue ball and blue shirts are over there on the driveway. She's keeping the IKEAs.” – Yulia 5/2/07
"If a home sold for 200k, but had 10k in concessions, it can only be used as a comp for 190k."
Five minus three equals two.
The sky is blue, and grass is often green.
All is well in the garden.
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Maybe Nigel can help me. I hope so. I've had heard he is an award winning blogger and pretty much the go-to guy in the industry. Maybe I can vomit on him as well.
If you score more runs than the other team, you will win.
P.S. my team bats from the right.
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I've noticed visitors to the award winning blog post that comment often. Maybe it's a code or something that those, in the know, use to signal each other.....sort of like a secret decoder ring.
Drat! The Dude broke our code...
You see, foolish haterz, the problem is thusly thus. Most homeless people are only homeless because they have nowhere to live. Homelessness is not a zero sum game, although it may be mostly caused by the sun. In conclusion, I have a pool and a pony.
Mortgage payments are directly related to the amount of money borrowed. More money = higher payment. Less money = lower payment. I see this phenomenon a lot in the mortgage business and I have written a 5 part series explaining it. See it HERE, HERE, HERE, HERE, and HERE.
One thing has not been addressed as far as I know:
Is Yulia as hot as Galina?
It would help if we could flesh this situation out, so to speak.
There's something missing from this thread. Something feels... unfinished...
THANKS NIGEL SWABY! you've cleared up my confusion... and my skin condition. AMORTIZE!
Let's leave Yulia out of this
Hey Rob I see more and more 'comment deleted' here.
You should recruit help to moderate the site like Casey tried. It must take up most of the day moderating comments!!!
"I think I can live on less than $1,000 per month"
With one statement he has made it clear that he has no intention of paying off his unsecured debt
$180k at 24% is $4000+/month.
@ rot26:
With one statement he has made it clear that he has no intention of paying off his unsecured debt
Was there ever any doubt? The only thing stopping him from filing bankruptcy at this point is that he doesn't have the money for a lawyer or the wherewithal to do it himself.
The only thing stopping him from filing bankruptcy at this point is that he doesn't have the money for a lawyer or the wherewithal to do it himself.
I think there is the nagging doubt that his creditors would claim fraud and exclude a whole load of stuff from the bankruptcy.
Could it be... murst?
Casey won't file BK because it doesn't put any sweet cash in his pocket. He doesn't give a crap about his debts because he isn't going to pay them anyway.
Casey's going to have to start caring about his debts at some point. Sooner or later he'll wear out his welcome with family and he *will* need to get a looser W2 job to survive. At that point, he will no longer be judgment proof. Some of his creditors will sue to garnish his wages, and bankruptcy will be the only way to stop it.
Also, if CA allows creditors to seize assets, at some point he'll need to protect the sweet Jetta, laptop, PDA, murse, and blue ball.
Unless Young Casey's W-2/looser job pays a lot better than I think it will, he still won't make enough money to be worth suing.
You can think of that as karmic justice or not, depending on your point of view.
Anyone who cares will get an uncontested judgement that will forever hang over Casey.
Someday he's gonna pull into the driveway with a new 2017 Kia Solar Hybrid Hydrogen Cogen SUV and the next morning it will be gone and he'll still have the payments.
RE:
>>Someday he's gonna pull into the driveway with a new 2017 Kia Solar Hybrid Hydrogen Cogen SUV and the next morning it will be gone and he'll still have the payments<<
If he can miraculously manage that, he'll lease the car. There are a million ways to hide income sources. I don't, however, anticipate Casey becoming a successful fraudster capable of pulling off that level of activity. It requires too much attention to detail.
>>"Casey won't file BK because it doesn't put any sweet cash in his pocket."
Casey Serin - Finance Hall of Fame entry:
Invented the "Cash Back at Declaration" style bankrupcy.
Has anyone suggested to Cashcall (or any of his current creditors) that if they are going to go after any of Casey's assets, that his domain name might be the best thing he has? There isn't anything Casey can do to hide it either.
Wouldn't it be cool if IAFF started redirecting to Cashcall. :-)
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