Friday, March 6th, 2009 at 12:49 PM
A Real Doozy
Posted on Friday, March 6th, 2009 at 12:49 PM in Thinking of Buying? | 19 Comments » | 
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Thanks for keeping it Real Jim. I’m sure there are a bunch more samples in North County. ‘Beach’ noise is one of the reasons I stayed away from certain areas of Cardiff.
3clicks from da Beach | March 6th, 2009 at 1:03 pmOne thing I don’t get is, why don’t they take action against people who helped make this kind of deals? That way, when the market comes back up, its not a bubble again… How else do you prevent this from happeniing again? How IS the government taking measures to prevent this kind of frauds again? Shouldnt someone be held accountable?
I am glad we are still waiting on the sideline…
Anonymous | March 6th, 2009 at 1:13 pm“Vista de Calle.” I really need to brace myself when you say “you ain’t gonna believe this one.” My reaction to the prices? “Too_many_digits.” Not that the first digit was wrong, that there were too many digits in the price.
Rob Dawg | March 6th, 2009 at 1:42 pmhat tip to Steve for spotting this one!
Jim the Realtor | March 6th, 2009 at 2:31 pmJim,
What gets me are all the people who were in charge (and still are), keep saying they didn’t see this coming. Then they double down and insist NO ONE could have predicted this meltdown.
We are in for a long, long hard crash because our leaders are mostly a bunch of worthless fools and crooks. That is not a foundation to build on.
On the property in that video, it’s a tear down.
Consultant | March 6th, 2009 at 2:36 pmI don’t know, Jim. You’re asking us to blame evil when greed or stupidity will do. That calculation is unstable and the tolerances are tighter than prom night. My pipelined multi-core fuzzy-logic bullshit detector gave up and all the magic smoke came out. Thanks a lot.
Johan Larson | March 6th, 2009 at 2:43 pmHistorical correction. “A real Doozy” means “as great as a Dusenburg” meaning superlative not extreme.
Rob Dawg | March 6th, 2009 at 2:46 pmI did check dictionary.com before going to print – this is what they had:
doo·zy or doo·zie (d??’z?) Pronunciation Key
n. pl. doo·zies Slang
Something extraordinary or bizarre: “Among the delicious names taken by, or given to, minor political parties in the United States . . . are these doozies: Quids, Locofocos, Barnburners, Coodies, Hunkies, Bucktails” (Saturday Review).
Their secondary definition:
doozy
1903 (adj.), 1916 (n.), perhaps an alteration of daisy, or from popular It. actress Eleonora Duse (1859-1924). In either case, reinforced by Duesenberg, expensive, classy make of automobile 1920s-30s.
Jim the Realtor | March 6th, 2009 at 2:49 pmIt takes some real nerve to call the people involved in that deal crooks, and I’m glad their are people like yourself Jim doing it. We need to pay a bounty to people that can bring evidence that result in convictions. The damage this kind of fraud has caused all over the country is so huge, we’re going to need blood before people will feel right about it.
There was an industry guy that bought a house with a discount because it was advertised as having a broken foundation. I walk into the house a month after the sale (i twas for sale again) but this time at full price and ask the guy (owner and selling agent) what happened? He says it was no big deal after all, so full price. So either this guy is lying, or someone ripped the bank for $200k and lied about the broken foundation.
Jay Jay | March 6th, 2009 at 2:53 pmIt’s just sad.
Todd | March 6th, 2009 at 3:13 pmThe “Annoy a Liberal” sticker would be a nice launching pad for a rant against the last 8 years of greed, but I’ll skip it.
The “put down your Mai Tai and mail back your shingle” line was one of your best.
Former RB Resident | March 6th, 2009 at 3:52 pmMortgage giant Fannie Mae (FNM) again extended its suspension of eviction proceedings through March 31, a day after its sibling company Freddie Mac (FRE) took similar action to give loan servicers more time to help borrowers avoid foreclosure. Fannie Mae also issued special foreclosure-sale requirements as it implements the Obama administration’s Making Home Affordable program. A foreclosure sale may not occur on any Fannie Mae loan until the loan servicer verifies that the borrower is ineligible for a mortgage modification and all other foreclosure-prevention alternatives have been exhausted.
Fannie and Freddie on Wednesday outlined plans to offer new refinancing options to homeowners whose loans they own and said they will work with loan servicers to help borrowers modify their loans into more affordable mortgages.
This is the fourth extension of eviction suspensions. Both Fannie Mae and Freddie Mac started a program to suspend foreclosures evictions on Nov
Jim the Realtor | March 6th, 2009 at 4:40 pmJim,
This just make me sad…
“This is the fourth extension of eviction suspensions. Both Fannie Mae and Freddie Mac started a program to suspend foreclosures evictions on Nov”
I feel like I played by the rules and got screwed.
shadash | March 6th, 2009 at 4:56 pmThanks for the laugh…that was one of your best videos and an extreme case of fraud/stupidity/greed. I’d say $100k would be a fair price. If I have some spare time (doubtful) I’ll do my own research/digging on this one…
-Big Fan
Big Fan of JTR | March 6th, 2009 at 5:32 pmConsidering the sums and timeframes, it seems like it would have been pretty easy to use impersonation (identity theft) to draw a loan, and then run with the money. A million here, a million there… I’m sure it adds up pretty fast.
NateTG | March 6th, 2009 at 5:57 pmAnd that’s just one example.
Think about how many other sheeple were led to the “American dream” slaughter house back in 2004, 2005 and 2006… yikes.
I would not give 100K for that place.
JAP | March 6th, 2009 at 7:34 pmNice dictionary reference… I enjoy you taking the other bloggers to school.
Free info here at Bubbleinfo.com!
Chrisg | March 6th, 2009 at 8:04 pmI’m thinking a knife catcher eager to buy a house in the ultra hip Cardiff area will snap this dump up for close to 575K. Maybe I’m overly optimistic but someone paid that much for a house off Ocean Crest a few weeks back that literally backed up to I-5.
JE | March 6th, 2009 at 8:05 pmJim, the “booties” were to protect your shoes from the house, not the house from your shoes.
DCRogers | March 7th, 2009 at 12:08 pm