A viewer's comment on YouTube led me to this terrific inside view of the 2008 financial crisis, and the resulting impact on the world. It rightly blames the entire fiasco on the Tan Man, who pitched his mortgages to Wall Street based on the yields generated if...
Train Wrecks
Zillow/Sandicor Breakdown
For those of you who use Zillow as their go-to real estate portal, you may have noticed that we had a wild and wacky weekend - and the party is still going! It was on May 1st that Zillow started uploading our listings directly from our MLS, Sandicor. The new system...
Open-House Theft
A Maryland woman is going to jail after she posed as a real estate agent and stole jewelry from houses, including an irreplaceable heirloom. Sally Spaisman, 58, was sentenced Wednesday to one year in jail and five years of probation, the Montgomery County State's...
Transparency Strikes
Tracy Glesby is a real estate agent. No doubt she’s good at her job. But D Magazine did not name her a Best Real Estate Agent in either 2011 or 2012, as one would be led to believe by her Facebook page. Glesby and I aren’t friends, so I can’t see her timeline. But the...
Exotic Financing for Schools
An excerpt from the Will Carless article at the Voice of San Diego - hat tip to several readers! The Poway Unified School District may be California’s poster child for exotic school bond financing, but it is by no means alone in San Diego County. As I detailed in my...
Trashing Home = 270 Days in Jail
From the nctimes.com: For crimes associated with trashing their foreclosed Winchester home, a former San Diego police officer and his wife each received a sentence of 270 days in jail and five years on probation. In rendering the sentence, Judge Mark Mandio at the...
Leucadia’s Nantucket
The saga of Barratt American's Nantucket in Leucadia is winding down, and the neighbors should be pleased about how it is turning out: 1. Sales are all over $1,000,000. 2. The eyesore has gone away. 3. The low-income housing will be complete. For some history, click...
Luxury Real Estate TV
From CurbedLA: General Hospital" heartthrob-turned-real estate agent Stuart Damon will be returning to the small screen with the show "Luxury Lifestyles TV," which'll air on Fox 11 starting March 6 (in the odd 11 am time slot). The show features Stuart and his son...
Sad Ending
Hat tip to downturn for sending this along, from tampabay.com: When armored vehicles knocked down the house on 28th Avenue S in St. Petersburg on Monday, it climaxed an hours-long gunfight that claimed the lives of two St. Petersburg police officers and the wanted...
Busy Week For Train Wrecks
Hat tip to OC Renter for sending along another episode of Michael Pines, foreclosure-chaser: A Newport Beach man was arrested Wednesday after an attempt to regain possession of the home he claims his family was wrongfully evicted from 16 months ago. Rene Zepeda, 72,...