By Jealous in Dayton

August 13, 2007 11:57 AM | Link to this

Hi Florida! I certainly am jealous. I read your blog and dream because it’s in our newspaper. Look at what our shining city has to offer. And you Floridians think you’ve got problems?

By juno beach

August 13, 2007 12:53 PM | Link to this

well, if the government makes things too complicated and expensive, then there always will be someone to find ways to outsmart them.

The current government in PBC has the spending habits of drunken sailors, so they need to feed their greed.

In my little community of 3500 residents, we have 40 town employees of which at least 3 have pay & benefits of over $120.000. More than 50% of our annual Budget are staffing costs. When budget cuts hit the table - as they do now- they want to cut capital projects, but no staff. Instead they give themselves nice salary increases - last year 11%, this year 4%… it is sickening !!

In the free market one has to show some reasonable qualification and experience to command this kind of salary.

It is a kind of luxury we cannot afford anymore. That is why the cost of living has skyrocketed in the last 5 years.

By juno beach

August 13, 2007 12:55 PM | Link to this

well, if the government makes things too complicated and expensive, then there always will be someone to find ways to outsmart them.

The current government in PBC has the spending habits of drunken sailors, so they need to feed their greed.

In my little community of 3500 residents, we have 40 town employees of which at least 3 have pay & benefits of over $120.000. More than 50% of our annual Budget are staffing costs. When budget cuts hit the table - as they do now- they want to cut capital projects, but no staff. Instead they give themselves nice salary increases - last year 11%, this year 4%… it is sickening !!

In the free market one has to show some reasonable qualification and experience to command this kind of salary.

It is a kind of luxury we cannot afford anymore. That is why the cost of living has skyrocketed in the last 5 years.

By Internet Madam

August 13, 2007 1:17 PM | Link to this

Well I am back from my Greek Islands cruise and it was just wonderful and not a single incident. I can’t believe I had such a safe and wonderful vacation.

Surprise to see one of the condos in my building sold while I was gone. A couple from Germany bought it. They paid top dollar for it too.

Finally, the Post has published a story where Madam has her expertise in, tax loopholes.

I have had many tax specialist attorneys in my day helping me hide my assets. And of course they were all Jewish. But right now Madam’s best tax specialist that helps her with her investments is not an attorney but is a priest. Yes, can you imagine, a priest that can advise me of bigger and better tax loop holes for my businesses than a tax attorney. I was fortunate enough to meet this tax specialist priest at the beach while he was on vacation down here several years ago. At least he goes to the latest tax seminars and is always getting updated on the latest and greatest tax loopholes out there.

What a beautiful day today is. Glad I am not in Hawaii right now. A L O H A Florida Renaissance.

Ou est Max ce jour?

By easyasabc

August 13, 2007 2:53 PM | Link to this

This real estate tax cheating practice has been going on for years here…..it is all about how can we cheat the IRS……I knew one guy who has a business on Clematis St., and he bragged how he sold his home but listed the sale about $350k less on the county records…..another one I knew where he took his soon to be dead brothers name, received a mortgage, brother died, he sold his house cheap and left town……has almost a million dollars in a mortgage scam….whatever it takes to make more money and get you ahead in life, people will find ways to do it…………….the point I mention before about listing addresses and prices, what does it get you ?…..did these condos sell below purchase price?????…..if they did, maybe the buyer took a large loan out and kept it for something else……. One thing Florida is known for, it is mortgage scams…………….”Juno Beach”, very typical of towns in Florida where stealing goes on all the time….I know the pier they built was suppose to have only a bait shop, and could not sell food…..soon after the pier opened, the bait shop title was transfered to a county board commissioner family member and food was being sold there….Juno Beach took a cut from the profits to look the other way………..does the town manager and police/fire chief really need to earn a six digit income for that town size??????…….everyone needs to remember that holding political office was suppose to be a civic duty and honor….today, these politicians make it as a career….look at the senators we have in this country….there is one now barely breathing in the Carolinas…..and another one who is brain dead up in the Dakotas……but they are all millionaires…….I see “Madam” is back ….I have a priest who gets me new porn movies from Las Vegas…..what did she say to Max?????….what was the name of your ship Madam ???????…..greek food gets me sick……………I swear to God, that if someone named Bush or Clinton gets into the White House, I am moving to Australia……we have over 300 million poeple in this country….why do we have to have these poeple as the final choice to vote for???????…….is that the FBI outside Karen Marcus office??????…more land corruption deals going on here ??????…..ok Jeff, leave these poor home sellers alone on cheating the IRS and the county on dock stamps…..the bigger crooks are these corporations stealing from the county…………I wonder if Fla. Ren. is storing up on Famous Amos cookies right now?????…..They are the best cookies when they are hot and melt in your mouth…..even better than having an apple pie in the Carolinas………I need to tell the story someday of how Famous Amos and Jim Nabers shared a house together up in the mountains above Oahu…..GOOOOOOLY !…….That Fruitcake use to sell Hawaiian real estate on TV back some years ago…….and today, we have Erik “Poncho” Estrade selling land in Arkansas…..Hawaii or Arkansas….tough choice for some…..I think Fla. Ren. made the right choice for his portfolio……….with more and more foreclosures on the market, the bank has one of two ways to handle this…one is to take the home away and sit on it until prices drive back up $400k median price….or redo the terms with the owners……if these up for sale homes go into foreclosures, less homes on the market for realtors to sell………Florida’s job market is much better than most states in this nation…..Only CA, NY, MD, PA, IL, TX, MA, VA, WA can you find better higher paying jobs……….CW, that “investments” and the other nut will soon be up to their nose in snow within a few months….. relax, you and me and others are in Paradise……….and the very, very, very rich people like Wayne H., will always win …..he has accountants and lawyers that know all the tax laws…..inside and out…..he can afford it……because you rented/bought Wayne’s videos, bought his used cars, have your trash picked up by his trucks, and you pay his overpriced tickets for his underachiving football team…….Wayne can afford his tax lawyers and accountants to save him millions, remember, you are paying for it……. And finally, if you want to know how the three leading democrats (Obama, Clinton and Edwards) want to handle mortgage fraud crisis….it was from anything to ban fees, have a database on fraud loans and lenders, and discipline the mortgage brokers…….shouldn’t we have those types of standards now?????

Life is good in Palm Beach who fully own.

easyasabc

By thereitis

August 13, 2007 2:58 PM | Link to this

To mad-max, oops, meant mad-am :

Ou est Max ce jour?

regardez dans le miroir

By crazydem

August 13, 2007 3:04 PM | Link to this

History of the blog: YTD 2007.

Sideliners continue to leave area.

Sideliners attend cookouts in NC, talk about how they hate Florida.

Average guy moves to Kansas to be average.

Rich R gives in, hires band of illegals to install pool.

Rear axle on Carolina Gal’s trailer collapses from excessive rocking.

Dow 14,000.

Investments, life savings swindled on land scheme in Pompano, moves back to Newark.

Rich R’s diving board breaks.

RCA’s boat breaks down in Florida Straits while carrying 13 Cubans. Explains, “we’re just looking to pull some shiners out of the water!”

Fink convinced that reduced appraisals will allow him to get that 4/3/2 in gated community.

Bernanke shows disdain for sideliners, keeps rates steady.

Alex Clough successful in tending to 234 day streak of publishing zero articles while employed by the Post.

Big Rob asks for loan, presents leased automobile, collection of Lucky jeans as collateral.

Steve has a nervous breakdown online.

Curious/all other trolls and poster’s not using their real name start 9th grade; punched in head by jock on first day of school for spilling apple juice on girlfriend’s purse.

Mike Fink wins “1,000th Dinner” prize at Cityplace pasta restaurant.

Nascar Willie travels to NC to meet mentor Rich R. Apprehended in Raleigh for doing doughnuts on Rich R’s neighbor’s lawn.

No credit, no buyers, more sideliners.

Linda Rawls enrolls in beautician school, continues to research Martin County home prices for Post by calling mortgage helpline.

Sellers refuse to lower prices, don’t feel sorry for sideliners.

Internet Madam, practicing world’s oldest profession, grosses more in one month than Fink does in one year.

Ostrowski, promoted to editor of Palm Beach Pravda, fires insurance, hurricane, entertainment, guy who comments on TV, and shopping girl bloggers.

Housing not a problem for those willing to work and quit whining.

By toeasya

August 13, 2007 3:18 PM | Link to this

re :

“the point I mention before about listing addresses and prices, what does it get you ?…..did these condos sell below purchase price?????…..if they did, maybe the buyer took a large loan out and kept it for something else…….”

The post specifically says those condos have NOT sold. the lenders still have them on mkt at many thousands below the last selling price.

As poster pointed out, even vultures don’t want them despite them being thousands (in some cases HUNDREDS of Thousands) below last selling price.

Maybe the german couple in Madams building have some rich friends. We sure could use them.

Here is one from the other post in case Madam wants to give to rich Germans : 2565 S Ocean Highland Beach

108N owned by Liquidation Prop Inc.

Last sale 04/2005 $1,100,000

COT 12/2006

Assess 860K tax $16,125

on mkt 735K.

Again the point is these places are NOT selling at prices way below values assessed 2005/2006. It is not going to take scams to get re-assessed if these continue to sink and not sell or do sell way lower.

How can assessor refute what is listed and recorded ?

By Rich R

August 13, 2007 4:33 PM | Link to this

Crazydem,

Both the pool and the enclosure are finished and NO illegals worked on this site.

I was out there every day and I have the I-9 forms for everyone of them.

I’m very happy with the finished project. The pool is nice. I don’t know if the heater works; it’s too hot to try it. The glass roof that opens is very cool, just push a button and the roof opens. I have the screen panels on now, but come fall, I’ll switch to the glass panels and run the gas heat.

I will be swimmining on Christmas day in Raleigh.

Life is good in NC.

By Need Another Vomit Bag

August 13, 2007 7:16 PM | Link to this

Rich says ” The glass roof that opens is very cool,just push a button and the roof opens”. The real scenario is the following. Rich has a kiddy pool on his trailor lot and a piece of clear visqueen suspended from a tree. When he pulls the string holding the visqueen in place, his imaginary roof opens. That’s more like reality. Rich, I say b******t. Now imagine, Rich lying in they kiddy pool with his suspenders on with no t-shirt and his belly representing the hill side. Too late for the barf bag.

By Too Late, Sideliners

August 13, 2007 7:50 PM | Link to this

Max checking in from the road.

Well, congratulations to all you geniuses who waited to buy a house. Rates and points, in particular, have soared over the last few business days, as banks are now not even in a position to really do business. To my amazement, some of my lenders have told me they are not honoring their existing commitments, let the lawsuits fly.

The chances, for most of you, of getting the type and amount of loan you need in PBC for a SFH is now between zero and none, regardless of where prices may go.

Yes, there will be even more foreclosures now, but also a heckuva stable market — and incredible profits for flippers with cash.

Before the b******t artists even let fly, let me point out that only a small minority of “sub-prime” mortgages are in trouble, only a small minority of mortgages are sub-prime mortgages, and only a small portion of the credit markets have anything to do with mortgages. This problem arose from the mismanagement of the Fed, and will affect almost every one of us, homeowners or not.

I hope you enjoy your 700 square foot rental apartment, in between a whore and a drug dealer. You’re going to be in it a long, long time.

Signed,

Max (licensed mortgage broker and so much else)

By MaxiWakesUp

August 13, 2007 8:48 PM | Link to this

After months of denial, maxi finally notices problems. Typically tries preserving fragile ego with spin.

You were wrong. Be a big boy and admit it.

PBC RE was NOT going up even while you guys tried pumping it up with wild Polyanna scenarios.

No wonder someone compared you guys to neocons who still insist Iraq is a great deal for the US.

By crazydem

August 13, 2007 9:03 PM | Link to this

Rich-Can you post a picture of Nascar Willie doing a cannonball off your diving board?

By To: Wakes

August 13, 2007 10:54 PM | Link to this

You must be a newbie. Everyone on this board knows that I have defined time and time again the range that the median SFH has traded in for the last 2 years plus.

Folks, how many times have I documented that prices have been FLAT for the last two years, only to have an idiot like this tell me I’m a price cheerleader?

Do I think prices will go up?

If, something is not done about interest rates right away, we are all going to have a hell of a lot more than that to worry about. I don’t think most of you understand how serious this is.

By rca

August 13, 2007 10:55 PM | Link to this

it must be “easy” to swim in that flood down their in florida.

Lenders made an estimated $581 billion in option ARM loans during 2005 and 2006 while doling out nearly $1.4 trillion in interest-only ARMs, according to LoanPerformance. A recent study estimated about $325 billion of these loans will default, leading to more than 1 million homeowners relinquishing their property to lenders. By comparison, about $212 billion in subprime loans were delinquent through May.

The initially low monthly payments on these exotic ARMs enabled more people to buy homes and enticed other borrowers to refinance their existing mortgages to free up cash for other purposes.

Now, the exotic ARMs are tormenting overextended homeowners, reckless lenders and shortsighted investors as the teaser rates rise, dramatically driving up monthly loan payments against a backdrop of declining property values.

The conditions have deteriorated so much that Angelo Mozilo, chief executive of mortgage lender Countrywide Financial Corp., recently described the current real estate slump as the worst since the Depression ended nearly 70 years ago.

Countrywide sent out another distress signal late Thursday in a regulatory filing that warned it’s being forced to hold on to more loans than it wants to keep. “We believe the current environment of rapidly changing and evolving credit markets may provide increasing challenges for the financial services sector, including Countrywide,” the Calabasas-based company said.

By Lumpy Rutherford

August 13, 2007 10:58 PM | Link to this

Alter ego blog mates Easy and Max practice their possitive confessions together. Lets close our eyes and chant: “as we speak, prices are rising…as we speak, prices are rising…if we believe it, it will be true! Serenity now, serenity now!” breathe deep…in with the good, out with the bad…once again breathe deep…in with the good, out with the bad. ahhhh…more possitive confessions. “real estate is ALWAYS a good investment!” repeat it to believe it. “real estate is ALWAYS a good investment!” “real estate always goes up, never down” repeat it to believe it. “real estate always goes up, never down.” breathe deep again…

Now you developers join EasyMax in this possitive confession exercise. Close your eyes all you developers, and repeat after me…”if you build it, they will buy…if you build it, they will buy.” Yes, even in Port St Lucie and Boynton! They will buy. They will buy. If I believe it, it will come true.

Max, keep your eyes closed, click your heels together and repeat; “Theres no place like 2004…theres no place like 2004…”